It's all relative when you're 95% in the hole... you're talking about a $2500 decline in remaining value in comparison to a $180,000 paper loss on $200,000+ to date. I think 10 cents is a psychological barrier.
Frankly, I should have sold @ 25 cents, or worst case 17-18 cents when several people were sending me private messages suggesting I do so. I certainly had a very strong feeling, based upon plenty of experience in this specific stock, that 25-27 cents was the high for the pump. But, as usual - it's easy to buy and not to sell and having never voluntarily sold this stock in all the years I owned it - even at a 90% loss (and a 5X increase to 25 cents from the last low) I could see it, but not "do it". I was also on the road traveling and unable to watch level II. I remember calling my wife at 25 cents, close to the end of that trading day, having pulled a quote off my cell phone, saying - we should probably dump this thing once and for all; this is a classic RIM pump. I remember thinking if it holds in the morning I'd sell it.. but it opened down and slid below 15 cents in a hurry.
Anyway - as I said - it's all relative... an extra $2500 here and there means very little to the grand scheme of things... I tend to think this is going to fall below 10 cents in the next week or so and then I think it slide badly when the effect of the death spiral financing conversions start to impact the price and outstanding sharecount. I'm sure there are plenty who disagree with me, and there is nothing wrong with that. Only time will tell. Only time will tell.
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