Replies to post #5447 on Supurva Healthcare Group Inc (SPRV)

[joenatural]

Congrats on your profit and when you refer to "most stocks pulling back," you are correct, only because "most penny stocks" are pump and dump scams. The reason so many people like WRNW stems from reading their PR's that don't make outlandish claims of fame and fortune. They release similar PR's in comparison with HMGP, telling the real story about making one or two million dollars here and there and building a solid foundation as any big board company would attempt to do. Folks are tired and immune to the standard pump and dump claims of $100 million in revenue this year followed by $200 million next year, all the while the company soon executes a reverse split and never makes a dime, thus investors suffer the consequences of outright theft. With WRNW, the true facts are laid right before us and while we don't see projections of $100 million in revenue this year, we do see the light at the end of the tunnel (God I hate that phrase) with respect to solid revenues, room for expedited growth and net profits that will attract attention from much bigger players in the oil & gas industry, thus making them very attractive for a takeover. As most business owners of growing companies will tell you, they are always for sale for the right price. Owners of businesses that are not growing simply wake up each morning, go to work and live the same old routine day in and day out, always struggling to pay the bills.

If I were you, I'd listen to Lowman on this one, as most of us think he's right. It's almost scary how identical to HMGP WRNW is. As one who normally puts my top three stocks on my real time trade by trade streamer, WRNW is not one of those three, as I feel no need to babysit it during the day.

"What's wrong with taking profit? I'll take a guaranteed 5K profit than hope for this to still go up. From what I've seen in the past, most stocks pull back to .01 before moving higher. Good luck to you! I'll be watching for my reentry point."

[BonelessCat]

Nothing wrong with taking profit. It's the premature gloating that I reacted to. I simply don't think 100% is enough here as I think I have at least a 5 bagger from my cost and will sell half at that point and hold the rest. Best of both worlds if you pick the one that looks like a full recovery off the bottom. You chose 100% return on 100% of holdings based on your DD and level of tolerance. Nothing wrong with that. I choose 500% on 50% of my holdings based on my DD and level of patience. Two different strategies and two different profiting approaches. Based on my average cost I already have 2.5X so you should know where I will liquidate those 500 shares and look for a retracement. If there is no retracement, I ride the other 500 shares to oblivian.

[thepreacher]

There's nothing wrong with taking profits. It's when you make statements like,"I'll be looking for my entry point when it goes back to .01. You make it seem like you know it all and the rest of us are dummies. Enjoy your profits but don't do on our expense.

[kelseyf]

Absolutely nothing wrong for taking a profit.

My #1 rule: "Make a profit but most importantly TAKE A PROFIT".

If this was your overall strategy and WRNW hit your profit target then then you win.......but to play he flipping game in this emerging O&G sector can be very unpredictable and can actually cost you dearly taking additional profits gains, yet alone the added capital gains for short term plays.

If your intent is to stay with WRNW for bigger gains then I would have suggested the following strategies:
1. Held 50% of your original stake....staying in the game with some skin (original entry) or;
2. Sold the amount needed to cover your original investment "seed money".

Too many times the flipping strategy often costs you additional profits that you could have easily captured if you held on (full position or part position)thru the overall process.

But then again you made a profit that you can show and that is what this game is all about.

Kels

[DEMO P2]

i do agree that taking profits is the game we are in but holding a day more could mean bigger profits. i do this for fun not money so it is just nice to be in a stock that does well. if this is your occupation and you are making a living trading then you better take out money if and when you can. i hold longer because it has been of benefit to me in the past but if you have bills to pay then you better take profits when you can.

GLTA