Thanks Bob,
Yes, I'm green in investing......less than four yrs.
Lessons learnt:
a) Always take some profit when there. Never yet have seen one stock shoot to the moon and stay. Even on a solid rise, there's peaks and valleys. Even true with Apple. If you're worried about missing 'the boat', split the holding into two groups - long and short. When hit a new peak, sell the short and patiently wait for the next dip.
b) Only a few good stocks are necessary. 'Good' in the sense they match your goal/plan/style. Find them and stick with them. You'll note they often follow repeatable/predictable patterns, which following a) you'll get making money.
c) NEVER invest/chase a stock you don't know. (See a) and b))
That being said I had (3-4) stocks in my account. All of which I've followed for at least the last 2 yrs. June 2011, I thought KBLB matched my style. KBLB has been in a trend which hasn't met my 'style' for the last 6 months or more (down). I don't see it coming out until the wishful day KBLB signs a commercial contract. Till that day, I'll limit my max account portion to 10% KBLB. Right now 0%, likely for the next month or so while I focus on the expected volatility of the other 3. Even if the big deal is made, there'll be a chance to jump in and ride the spike up. After the 'love affair' is ended, it will drop. Afterwhich if profitable, true investing firms will come it and another rise will come. How high? All depends on how profitable. But, til the big announcment, I view KBLB as just an exciting lab experiment, which at this point has investers disinterested.
