Sunday, March 30, 2014 9:16:39 AM
They are either making me money, or they are costing me money. After all, aren't we all here to MAKE money?
When one of my investments is losing money, I always examine what's going on, and determine if a change in strategy is required.
Sometimes, the change is just dumping and moving on, and other times I need to average down, and other times, if the charts and overall trading action supports it, I flip. Marrying a penny stock is playing with fire.
Theory is, a modest short term gain is infinitely better than a long term loss.
I recognized this equity as a flip only months ago. IMHO, it will remain so until the company supports longer term plays with verifiable revenue. Too much baggage from past regimes.
My gut feeling is that many longs are in to deep, and that has created an investment strategy of hoping and praying. I wish everyone well here, but the odds of this strategy succeeding are a bit much for my investment taste.
Bulls make money, Bears make money...Pigs get slaughtered
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