because if it drops due to volatility it could drop from $0.04 to $0.01 but if it drops from $0.24 to $0.01, so is my loss more or not?. the only thing i may look for if commons get canceled is nol, which i am evaluating, what they may be worth if any. you do not buy a stock that you can lose sleep and usually that happens when you do not have margin of safety. with $0.24, i do not. that is all.
i do not bash and i do not day trade like some here that trade a single stock 20 times a day in and out. i do not trade for weeks but i research for weeks. an example that is in limelight, i bought fnma prefereds at $0.34, the lowest with safety of margin and was always green for me (my evaluation was $0.37). i waited for it to reach my price range. now they are $10.00 and am still holding after 5 years. my target for common shares of fnma was $0.19, it did reach, i got greeedy but i bought between $0.24 and $0.26, that are now $3.00+ and climbing. I haven't sold a simgle one. i buy large and hold as i put in the same amount of effort and it is more fun to see reawrad that is proportional to it.
i researched about 80 stock over several yaers, 60 were pump and dump, bogus, 20 okay and just 3 or 4 were gems. it is lot of hard work but gems are there all year round. i undesratnd that train may leave while i am doing my dd but that is fine. i may wait on this till the regulatory issues are worked out, the 2013 yearly report comes out and may be vaulation is littel better but the numbers and projectsion to date do not show a value more than $0.04 to me. hope that helps.
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