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Re: Pennystockplayer post# 8950

Thursday, 08/15/2013 5:47:29 PM

Thursday, August 15, 2013 5:47:29 PM

Post# of 13896
Pennystockplayer, I understand exactly where your coming from. I was in the same situation because I wasn't educated on exit strategies. Had I known more about this subject, I would have sold back at .08-.10 range. In my opinion, don't chase a stock down while in the process of selling. I was lucky enough to realize a couple of months ago to cut my losses and move on. I learned from my experience and have for now on decided to put together a exit strategy before I buy stocks in the future. Both for when the stock goes up or down, to minimize loss and lock in profits. Cut your loss while you still can. Though choose what investment strategy is best for yourself. I easily see this stock going sub penny if earning are not what shareholders hope.

Good luck!