Saturday, July 14, 2012 9:30:31 AM
It is amazing how much you sound like me about thirty-five years ago. I was taking losses and moving from one stock (usually penny stocks) to another in hopes of finding that golden egg.
I am now sixty (God, I can't believe it), and I have learned so much about investing which I did not know back in the dark ages as a kid.
I did find at least five times that I prematurely made the mistake of selling a stock in which I had lost my confidence. I went on to another stock (a blue chip) where I usually lost money as well, or I made a paltry ten or fifteen percent.
In horror, I would check the stock I sold six months to a year later, and I would find that the penny stock I abandoned had double, tripled, and even quadrupled. I can't tell you how many times I screwed up!
This time, I have found a stock with breakthrough technology, a company run by one capable genius. All of the chips are lined up for this stock to soar. As I have said countless times on this board, the key word to success in investing is PATIENCE. This is the hardest trait to master as an investor.
Unfortunately, you are in the same position now I was in countless times decades ago. If I were in your shoes, I would back up the truck, load up on KBLB at these prices, and be PATIENT! You seem like a young enough guy, so what is the hurry? Buy it, hold it, and wait to see what magic Kim will perform. You will know one way or another within the next six months, so that should be soon enough for you! GLTY
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