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Re: nopancakemix post# 133374

Tuesday, 08/13/2013 9:04:39 PM

Tuesday, August 13, 2013 9:04:39 PM

Post# of 238399
You can't risk existing profits by selling. Selling is what locks profits in. Not selling is what risks existing profits. You probably noticed this today as the value of your shares decreased drastically along with MJNA's price. You can only risk potential future profits (the scenario you describe in the quote below) by selling; however, this risk is easily minimized since you can just buy back in if the share price begins to rise after you sell (it's not going to make it to $0.38 before you have time to submit your buy order).

What happens if I sell my holdings and MJNA blows up to .38, shattering my chances to get back in at a decent price and blowing my chances for even better profits?



Well, if it's not clear the stock price is heading down, then obviously selling is not a good idea. That's not what we were originally talking about, though. The original question was why you didn't reposition yourself today while the PPS nosedived around 10 cents.