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Re: pigsGETslaughtered21 post# 174692

Wednesday, 12/11/2013 11:42:34 AM

Wednesday, December 11, 2013 11:42:34 AM

Post# of 232507
People, myself included, neglect to do the arithmetic. When KMAG reaches $1 and then moves up a nickel, a first conclusion would be: that is only a 5% gain. In actuality, having bought at .01, that is a 400% gain.
We hear talk of bailing out after huge gains and finding a stock with a higher gain potential. But it is important to not base judgment on price gain as much as percentage gain.
We know, technically, reaching $1.35 is merely retracing past history. When the fundamentals are made public we can calculate a fair value and project growth. We may find that the most prudent option may be to simply buy and hold.