update...
while i wonder if it was the right thing to do, selling half my [email protected], after it dipped to .005, i felt the need to release the trap a little. Took a nasty loss, particularly after a strong move....i'm not sure if its "the" pre deal run, but took the risk in order to free up some cash..
still holding RMX SLZ FIN...... Now i have the dilemma of a small bit of cash, but a plethora of opportunities.....
RMX....do i try for a re entry at .006?
RNE...solar/bio gas energy retailer, under selling pressure from a large holder?
CDT.....under similar selling pressure...
NAE....another chance at a reentry
enough cash for 1 bid, or 2 minimum parcel bids.......so...get in line for two, and watch the other two? decisions decisions
whilst on the 5 grander, its probably worth using it to highlight the perils of holding duds, and not letting go of the losers...
you start with 5000, and forecast a 40% gain, giving .....7000. not an unreasonable aim.
you take a 20% set back, leaving your value at 4000. now, in order to reach 7000, its necessary to earn a 75% return
you take a 40% set back, leaving your value at 3000. now, in order to reach 7000, its necessary to earn a 130% return
are we seeing the picture?....take a loss early or it becomes a hard slug to recover, no one should ever say "i cant afford to sell now, i would lose too much".........it doesnt make sense,
so, my 5 grander has paid the price for holding RMX too long into a decline, as i have also in my main account, though, i have been able to trade and reduce the average, something the 5 grander was unable to do
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update... while i wonder if it was the right thing to do,...
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