Jaime, I don't have any problem with your position on this matter. If that works for you and you have a good hanlde on your risk management, you're good to go regardless of the outcome. I've taken the same position in the past and lost thousands and thousands of dollars. I've been in this game over ten years and realize that every play has its own quirks and may or may not survive that huge fatality rate for sub-penny stocks.
Sure KMAG could go all the way down to 0.0015 and survive and go on to be the best play of the year, this or/and next. But I didn't figure on entering a trade with the idea in mind of losing 60% of my investment. I didn't marry the company and I have aspirations based on a confidence I feel in company management and the value in the business platform.
Now, if losing 40% to 60% or so fits into anyone's trading strategy, good enough for them if that is what happens. But that picture doesn't fit my trading agenda any more than it satisfies my RISK TO REWARD calculations. It isn't about fears, it is all about making profits. This isn't a testosterone driven sport here. It's all about the company meeting and exceeding investor expectations so that the investors can and will make money. That is why I am here. Really!
Going down any further is one thing, 50% to 60% is quite another. That's just IMO though. GL
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