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TheGoldenGoosey

04/29/16 5:07 AM

#60277 RE: jaimerodriques #60276

definitely a hold now IMO

get caught flipping here and you may shoot yourself when she pops

GreenHarvest

04/29/16 5:12 AM

#60278 RE: jaimerodriques #60276

Thinking in retrospect and beating yourself over it will not change anything. Timing the market is very hard if not impossible. No matter what the price you buy is, most probably a better one will follow. You better think in terms of price bracket. For example, 0.0006-0.001 is a good bracket to buy in. Yes if you didn’t buy at 0.001 you could’ve bought at 0.0005, but you could've also bought at 0.0015 and regret not buying at 0.001! Your flipping scenario looks good but could you really execute it? And couldn’t it be executed wrongly to make you lose the most of your money?

You bought at your best knowledge at that time. If you agree on the big potential of LTNC (despite the fundamental problems I see and believe SHOULD/WILL be fixed), then try to think about it this way: There's an opportunity, the shares you bought have secured a part of it for you. You better don't think about it relatively (to a lower price or to another shareholder's big position) but relative to your goals. I gather you bought 5 million shares (which is good). Yes you could've flipped to make a $5,000 profit but what if the PPS reached 0.01, wouldn't $50,000 look better? And what if you missed the $50,000 for trying to make $5,000? Actually I don’t see 0.1+ a far-fetched scenario. Remember that LTNC is not the end of the world, there’s always other opportunities coming that you could be better prepared for with more experience and funds from previous trades. Also how many similar high potential opportunities you can find now? You can relax now knowing you are already in one. You will start feeling better once (if/when) the PPS reaches 0.0011 and you see your investment in the green.

There's nothing wrong with flipping but I'm talking to someone who seems to prefer high-return investments via less frequent trades. If so, I believe you are already in a good position in LTNC.

DD2Gain

04/29/16 7:59 AM

#60285 RE: jaimerodriques #60276

The stock had a HUGE run from no bid. #1 flipping rule is to not buy into a run and certainly not on the downside of it unless you've got a lot of tools at your disposal to analyse the market action and solid risk tolerance in the LIKELY event the analysis fails to predict a flipping opportunity on a POS stock like this one.

Penny stocks ARE NOT long term plays and any suggestion that a pinky, limited reporting (soon to be non reporting) stock like this is anything to the contrary is pure, unadulterated bunk.