Kraig Biocraft Laboratories Inc (KBLB)

[whiteface88]

"patience is not a virtue AFTER you buy a stock..it is a virtue BEFORE you buy the stock..."

Thank you. During my brief 4 years 'playing' in the stock market that's one of a few simple principles I´ve learnt to trade by in the conditions the market has been in and still is in and I'm now making money. Once you buy and the stock doesn't move like you expected, best to sell and re-evaulate the situation. Better to sell at minor loss than watch investment smolder away.

Here's a second one which works well with the first one: Always sell (at least some of holding) once you're in the green. If it keeps climbing, you're happy since you still have holding. If it drops again, you've made some profit and can roll initial investment back in. I´ve seen this work with 'boring' companies such as Apple and Citi.

Unfortunately, KBLB hasn't been in a trend which works with the second principle for several months now. I doubt it will unless ´the big announcement' comes. I sold out the majority of my holding at 0.069 and last minor at 0.055; both at losses. Been slowly recovering my losses by now applying the above two principles. In the meantime, I think KBLB is 'playing chess' on the edge of a cliff....a 'race of time' between funding running out and combo of attaining feasible product quantities and finding someone to sign a deal to get money coming in. Easy to say, not simple to execute. Question is, where is the PPS bottom before the 'big announcement' arrives? Will be interesting to see.