While this is all true, if your in my position and I imagine many others are, I am currently at a +50% loss, so selling would be unwise especially considering this is a penny stock and tomorrow I could be looking at a 100-200% gain. Unlike a larger stock where if it sank to 50% it could take a very... very long time to recover. All it will take to bounce this stock is a little good news in the form of some positive Press Releases. Don't forget the company does have oversea's operations so they do have operations. Anyone who is sweating OUR current position as investors in this stock must have broken one of the most basic rules of trading "never invest more than you can afford to loose," on the other hand "nothing risked nothing gained." So hopefully everyone only invested what they could spare to loose, otherwise shame on you.
Me personally I will either hold, and sell only enough of my shares when at about 0.08 just to cover my initial investment and then ride the rest out to see where it goes. Or buy more to lower my avg. share price, so when it goes up I can cover my inital investment even easier.
BTW just so everyone knows, I am not a professional trader/investor. I am a Programmer/Analyst and consultant who writes Business Intelligence software, and manages BI projects and deployments. My most recent personal project has been the design of a BI style analysis tool to analyze stock data :-) I guess I just have too much free time while sitting around the hotel.
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