I agree with you on that. RSII is a good company. It was one of the few penny stocks my mother chose for me that didn't lose money actually.
I always watched the portfolio of stocks she had for me and all the other pennies I had to get rid of because they burned us. I started college last fall not quite in the hole, and what I experienced there has influenced what classes I'm taking now (and the six months or so before I graduated). And I appreciate learning from you guys here. So thank you.
But it looks to me like she bought the stock a couple years ago (with the intention of giving me money for college) and we've held a position since then.
So yeah, I'm not saying the company shouldn't held long at all. I agree with you.
I talked to the CEO out of worry and with full the intent to sell ALL the shares. He was hard to get a hold of because the numbers I had for the company were not working. The IR email kept bouncing back.
But when I talked to him, he made me feel better about the direction of the company and hence the stock is going in. So I have held, and it's given me enough time to try to learn more about penny stocks.
As for flipping the stock, I've started that a few months ago when I understood it better and mainly to get the money back we lost. But I've also held long, which I'm doing now.
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