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Tuesday, August 13, 2013 8:10:29 PM
"If you don't sell and get back in at a lower price, and the price then drops to $0.03, you will have forfeited your chance to reap a profit from those shares."
Forfeited a chance to reap profit when I have already made enough money to pay for those shares and then some?
Lets clarify something here, while I swing trade and have professional experience working in finance, I consider myself an investor. My goal has always been to buy companies I believe hold value and swing trade my way to building a paid for position. For example, I got into A@PL at 28, pre-split in 2005 and swing traded options until I had a substantial position in shares. From then, I stopped frequent trading and sat on the holdings.
I have done the same with MJNA. I bought several hundred thousand shares at .03, sold at .16 and .47 and am now sitting on the shares. I bought a little back at .18 but I plan to hold. Now this may not be the same gameplan you have and that works for you but I have no complaints about my portfolio performance or my holdings and I certainly have no need to chase profits or risk existing holdings that have ridiculously low cost basis in order to chase meager profits.
"Emancipate youself from mental slavery, none but ourselves can free our mind"
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