Playing monday morning quarterback in trading is moot. I would never touch my core position in this stock. I do however trade around my core position. Any trader worth his/her salt would not bail on a core position if she/he believes this stock is marching to the $1+++ territory.
News could come out at any moment and you could get a whopper of a gap up that will leave you sitting in the dust. Sure, he could have bailed at .40 and then watch it vault up to $1 in 2 days (Cemjq is capable of seismic moves). Instead, we got a retracement, but it could just have easily have had a seismic move to the upside.
I don't trade with a crystal ball, but I do trade with experience and common sense.
Shoulda, Coulda, Woulda has no place in trading.
Here's to seeing CemjqMillionaire at 2 million...cheers!