Replies to post #40482 on Cdex, Inc. (fka CDEX)

[pennstreet]

crow-----

The Pastor points out the very obvious that "MOST" read right past and never comment on.

HE SAID THIS:

""
Just some comments: Over 14 years ago I purchased a penny stock (Loch)for about .22 a share with the dream of it paying for my son's college education one day and maybe a home for my wife and I. I found myself trusting in the stock to the point where I couldn't take my eyes off the computer screen. It consumed too much of my time and cause many days of anxiety. In the early days the stock price jumped to over $5.00 a share (should have sold but didn't) and then bottom to where it is today.""

Who buys a penny stock at 22 cents and does not sell ALL or PART of it at $1.00??? I will tell you, someone who lacks the experience of investing, which obviously the good Pastor lacked.

Who buys a penny stock at 22 cents and does not sell ALL or PART of it at $2.00??? Same AS Above.

Who buys a penny stock at 22 cents and does not sell ALL or PART of it at $3.00??? Same AS Above.

The point that one should take from the good Pastor's paragraph that you copied, is that he said he "SHOULD HAVE SOLD" and did not when it ran up.

There were 100's if not thousands of investors that could have sold and made money, but did not sell.

There is a BIG difference in selling for profit, and holding on for ................ should we say ....... HOGGISH numbers.

My gut tells me that he did not SELL his stock yet, but is just taking a break from the day to day posting.

One should "ALWAYS" sell a PART of one's position when there is a profit of 300% or better to be made!!! AND I DO MEAN ALWAYS!!! Investing in stocks, and for sure PENNY STOCKS is as risky as it gets, unless you play the lottery, lol!

Investing at 22 cents and not selling a part of the initial investment out at 66 cents, is a hard learning curve to have to look back on. And in the good pastors list facts on his 22 cent purchase price, he could have easily sold ALL his stock at 10 times what he paid. He would have been invested in Loch less that a year!!! A hard, but GOOD lesson learned.