I've got modest holdings in quite a few specs. I tend to buy up big for something I think is ready to run. When (and if) it does run I then sell typically half to two thirds to free carry once the price rise 50-100% and move my capital elsewhere.
This has lead me with a trail of quite a few.
My long-term holds (wouldn't dream of selling any to free carry). AGS MMX (a $5-10 SP within a few years) RDR (stuck at 50c though lots of great news and very good LT potential with advanced projects, expecting this to follow lead of similar type of company JBM and reach about $5-$10 SP within a few years). ARU PDN
My free carries: BLR (could go anywhere from here) WMT (50c stock within one year) MPO (likely has another 10c to go in this run, may ramp up very sharply on monday) PMH (sometime will double again) MEE (massive unrealised potential, $2 (at least) within three years, currently 15c) JRL (great assets, good holding in URA so very liquid)
My hopeful future free caries (potential 12 month multi baggers):
PEN (just about to fly IMO, target 50c in 1 year) JRV (just revving up now - may yet stall, MASSIVE potential for 10 bagger within six months from current 1.7c SP, or may retrace back to 1c and stagnate!) GDN (soon and BIGTIME after so many delays, may be just time to get back on this though may fly rapidly on monday) WTN (missed the boat at 50c though likely to head there again mid-year so won't sell now).
I also have several blue chips.
Neil
WTN Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
