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Re: Dropkick post# 21328

Thursday, 07/26/2012 10:40:25 AM

Thursday, July 26, 2012 10:40:25 AM

Post# of 92256
Yes I sold ..twice... recently..for losses of about $200 each time. It doesn't come close to the gains I made selling at just under a buck from .44 though. ( it was over $10k) Now I know many have tons more invested than I did, but I do this for a living and this is not my only stock. There is a limit to how much I will risk on a pinkie.
An investor has lost 0 dollars until he sells, or the company folds....oh yes you have, sorry, that's pennyboard talk for "I'm a bagholder".

At some point a long term investor does need to reassess his position...there's always a time to buy and a time to sell.

I wish the long termers well, but I see a very difficult road for anyone in at over, say, .40 or .50.

A long termer buying now might have a chance though...IMO.