It is partly because my beliefs in various companies often times don't correlate with me making money in their stocks. I have bought a number of stocks of companies I believe in (or at least believed in at the time for several months) only to see the stocks go down substantially below the price I paid for them (including after I sold them) and to stay down even more than a year after I bought them. That is especially the case of speculative stocks of companies with large net losses (which at the time of purchase had never had a net profit), even if the revenues are growing.
Usually in order for me to hold onto stocks for long term (such as more than a year) I need to also see favorable moves in the stock price over short-term periods, so that my losses don't mount substantially more and more. I believe in cutting my losses (when I have losses) rather than holding onto them week after week and month after month as the losses mount.
A big part of the reason why I initially bought this stock is because I had done a search for stocks making recent huge percentage price gains which looked like they have potentially for further such gains over the next few weeks to few months. I want to make money very fast, otherwise I might as well focus on mutual funds and ETFs. When I found KOMOF it was right after a major surge in price, and I decided I would buy it after it made its way back down to 18 cents.
I realize absolute bottoms rarely can be predicted, but people can sometimes get near to the absolute bottoms and that is what I often try to do.
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