Replies to post #14727 on NeoMedia Technologies, Inc (NEOM)

[onthetake]

Hey Penny, as we've said in the past, we are in the same boat. I have 115,000. I was thinking this, at $20.00 sell 1/2. That gives you a million in the bank and a million in stock. At $40.00 sell 1/2 again, That now gives you 2 million in the bank and still a million in stock. at $80.00 sell 1/2 again-------3 million in bank and a million in stock. Repeat as long as it keeps going up.

Just a thought, I'm no banker so don't take my advice, consult an investment consultant. (there, that should cover my a$$)

That May be my plan...........we'll see when it gets here.

Hope that helps,
OTT

[ANESRI]

Pennyheaven,

I have purchased this stock at different prices starting at 0.11-.72(today!) At various stages I have asked and still ask myself the same question as you have. In hindsight I am happy that I have purchased at.50, .52, .59, .63 as I have already made a profit. My biggest concern always is that I do not want to loose money as I have lost a bundle in the late nineties.
Going forward I too feel that this stock will be more that $7-$10.00 very soon. In that case it would be foolish not to buy more and average up. Although a lot of the recent stock movement may be due to daytrading/MMs I am sure that a lot of serious investors have been exposed to the stock and more will consider it when it is no longer a penny stock. The stock has to move higher with all the anticipated news. Everything what NEOM has promised during the investors meeting(JP) has turned out true. They will make enough money just from the paint business and check21 to break even and for it to be more than a dollar stock. A few months down the road .70 cents will look like a bargain just like .25-.30 cents looks right now. I know a lot of stories where people have made a fortune by investing in one company,staying long and averaging up. WE WILL NOT SEE THIS TRADING AT THIS LOW RANGE IN A FEW MONTHS THEN WHY THINK.

[yellowjacket]

Pennyheaven: Suggest you reread your own post ....you've answered your own question IMO.....

[designer]

pennyheaven......the advice I would give you isn't popular on this board, but since you asked...........based on your statements, you have $31,900 invested in NEOM and 110,000 shares. Your heart tells you this is a $20 stock; however, that is an increase of 2800% from its present price. Personally, I would turn loose of about 20,000 shares and generate around $15,000 in capital as a hedge against a negative scenario. That leaves you with 90,000 which when multiplied by your $20 price leaves you with $1,800,000 as opposed to $2,200,000 if you do not divest any shares. Either sum is not too shabby.............

So,what you have to decide is if the gamble is sure enough to hold all your shares or is it a better bet to recoup roughly half of your investment (maybe more, depending your purchase price of the 20,000 shares). I know what I would do, based on 20 some years of investing, but you must be the one to make the decision.

Good luck with whatever choice you make............

[PoorOldBob]

pennyheaven...
I have been with penny stocks that looked as good or better than Neom only to have them turn sour for any one of a multitude of reaons.
If I were you I would sell half my stock at say $0.72 or a little more. 55,000 x .72= $ 39,600 Sale Proceeds
110,000 x .29= $ 31,900 Cost of your stock
__________
$ 7,700 Profit and enough to buy
yourself a nice treat for
being such an astute
trader.
You will still have 55,000 shares 'paid for with profits' to ride all the way to the moon or even mars.

Right or wrong this is my opinion for you to accept or reject.
POB

[Midlife Fling]

Pennyheaven: When there are real dollars on the table, vs. theoretical dollars, the fear vs. greed battle can kill you. I, too, have a substantial amount of profit at stake already, and the game's just beginning. Here's what I'm doing--maybe it will help you:
1) Holding 15% of my shares "forever", just in case this turns out to be a $100 stock.
2) Selling 20% of the balance at $1. This will recoup about 2/3 of my original investment.
3) Selling 20% at $3; 20% at $5, 20% at 7 and 20% at 10.
At each sell point, I will put aside one-third of the sale proceeds and consider buying again if the stock retraces 30-50% (normal retracement).
Perfected over a decade of investing, I find this system converts a fair amount of "paper" profits to real profits, keeps fear and greed at bay, allows me to repurchase good stocks multiple times at good prices, helps me sleep at night, and keeps me alive to trade another day.
Good luck!

[chazz66]

Tough question. One I'm sure everyone here is asking in some way. The biggest danger I see for any of us is getting greedy. That is an easy trap to fall into and can be deadly. Yet at the same time as you say you don't want to mess up what could be a shot at life changing wealth. I'm trying to analyze the same question. The best thing I've come up with so far is a mental trailing stop which is far below the current share price, yet above your basis. This combined with constant monitoring of this board and other sources to keep totally up to the minute with what is going on with the stock.

If the stock does get stymied somewhere along the line, this board should have the situation pegged where you can make a decent decision what to do.

As long as it's going up or holding it's price, it's an easy process. Where it gets tough is if and when it gets stymied or has some kind of significant pullback. A trailing stop will at least give triggers that you may have to make a decision to sell or hold all or part.

Don't know if this makes any sense, but I'm trying to remain flexible without giving up significant gains.

[elcid]

Don't sell yet!
Over the past 6 months I sold 3 times, twice at a loss in "panic"! Now I unfortunately waited to get back in till it was 0.60 but I'm determined to hold on till at least 5 $.