Your welcome chris I want to give you some advice, I don't teach what I know about technical analysis, I started with the bible of technical analysis almost 18 years ago, a book of about 800 - 900 pages called Technical Analysis of Stock Trends published in 1957 I think it was.
But I will give you some philosophies that I go buy, the one by Peter Lynch I gave you yesterday. Another that the guy who got me into the book I just mentioned told me, "keep your losses small and your gains big".
But here is one of my own. You are holding a POS from a POS company, I did not realize this last week and that happens. I could have made some money if I sold yesterday at .041 or higher but I was happy to get out breaking even because it could have tanked early instead of it going to the high .04s and I needed the money for other stocks.
So here is what I tell people sometimes and what I have to coach myself in letting go of a turd. Imagine you see a stock that you might want to own, that stock I gave you yesterday for instance whose ticker starts with a P (rc....X). What if you could take a magic eraser and erase the ticker RBSH who has a history of stock splits and history of disappointment and after you erase that ticker symbol you replaced it with PRC? ?
What would happen? If you use TDAmertrade it cost you $6.95 to sell and $6.95 to purchase the new ticker. If you hang on to RBSH, it could goes down in price to sub penny, they could do another RS, they have a history of that and then you are left with even LESS shares that will go to a penny again! Or, you could sell today at .03ish .04 ERASE THE OLD TICKER SYMBOL and fill in the blank with a new ticker symbol PRC? that is trading for less than .015 and I invite you to look at the chart and do a little DD (only takes 10 minutes) and what have you done?
1)YOU'VE INCREASED YOUR SHARES!
2)YOU'VE INCREASED YOUR SHARES IN A COMPANY WITH ASSETS, INCOMING ACQUISITIONS, GREAT SHARE STRUCTURE COMING OF OF AN ESTABLISHED BOTTOM WITH HEAVY ACCUMULATION AND DOES NOT HAVE THE SAME RS HISTORY AS RBSH
3) YOU HAVE PUT RBSH BEHIND YOU AND STOPPED BEING THEIR VICTIM!
Just saying :-)
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