Bumping my post on "FOBM" (Fear Of Big Money) - the "Casino Gambling for the Winner" author gave his theory about "why" so many would limit their exposure to hot streaks but compound their losses... He suggested that people are taught that money is "dirty", and when the house "cleans them out", they feel "clean"...
I'm no psychologist, I can't evaluate the merit of his claim... I'm just saying, tomorrow, don't be afraid to win! SHARE HOLDERS CONTROL the share price by deciding what we want to sell ours at. Most of us should either be long-term holders who have already banked enough profit that we're taking a free ride tomorrow, or newcomers who haven't had time to "bet the farm" on a millipenny stock. So, most of us should be in a position where we won't be hurt by any outcome tomorrow.
For those who "borrowed" their mortgage budget to jump in: go ahead and sell just enough that you can join those of us who are "green at any price" without being hurt. Those of us who are already, irreversibly green - we should hold out for a multibagger tomorrow!
I have limit orders set already on ALL my shares - I'll let a 10% slice go at $0.10, another 40% at $0.25 and the rest of my pie carries a $1 price tag - because I don't want to sell them. I do this so my broker can't loan my shares to shorts. If you join me in this practice, the shorts will have less power to hold back the run. I would love to see the SEC halt trading at $2!
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