Microcap & Penny Stocks : The Microcap Kitchen: Stocks 5¢ to $5

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ted M who wrote (106899)2/23/2012 12:44:16 AM
From: Todmohr4 Recommendations  Read Replies (1) of 119195
NEIK..Ted..A couple of the lessons that I have learned are the following: my approach to almost every micro these days - no matter how convicted I am about the story - is to sell enough shares to at least recoup my initial investment if/when the stock has a three to five bagger (as was the case with NEIK, MKRS, CTEI and many others). This is my new approach - as I noted in a post here several months ago. In some cases I will even sell a larger portion of shares - leaving only twenty/thirty percent of my original position. I have seen soooo many stocks I have owned give up all of their gains and more - that not selling a significant portion of shares is no longer even an option I consider. I will never hit a massive HR this way..but I know I will have a lot more singles, doubles and triples - and I am willing to suffer through that problem.

If the stock does not have enough of a run to sell and secure my initial money, then I have to set a time frame that allows for the company to deliver on their business plan. For me that time frame is around two to three years. If the company can not deliver on their promises in that span of time, then I will choose to move on.

Anyway....these are a couple of the lessons that I have learned..

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

Copyright © 1995-2018 Knight Sac Media. All rights reserved.Stock quotes are delayed at least 15 minutes - See Terms of Use.