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Beestop

12/05/09 12:04 AM

#5945 RE: rand0m #5944

Obviously if it continues downward, I will probably buy more. Thanks for your concern.
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Beestop

12/05/09 12:10 AM

#5947 RE: rand0m #5944

Also - in re-reading your post I do see you are truly trying to be helpful - so I will explain my rationale for my I'm holding...

I would have LOVED to sell at 5-6 cents and then buy more at lows! I am under strict compliance restrictions at my place of employment and am not allowed to sell stocks prior to 30 days. This is a huge drawback to these penny stocks for when then run, I am helpless and cannot make a move.

Fortunately, I do believe the company will go up (and thankful for that because I was not able to do the best thing and sell at a huge profit and then repurchase at a low). Frustrating to say the least.

I am learning the hard way. This is why I am holding and hoping...
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4keywest

12/05/09 8:54 AM

#5964 RE: rand0m #5944

random, holding through the last three days makes no sense whatsoever. you might as well just burn that lost money and its a very substantial percentage loss.
there are certain catch phrases that some penny traders cling to such as ..long and strong, into stronger hands, patience, patience, patience, its about to uncoil like a spring, holding for a dollar, chart shows imminent bounce, day traders are out- now we go up, power hour is coming and up we go- and so forth.
none of these hold any water with penny stocks.
if anyone is up 50%, they should sell at least half and then revert to their beliefs of eventual glory. in the meantime, the money could go somewhere else more productive.
talking about this is like pizzing in the wind. i guess they will never listen and its a hard lesson to learn.