|Brinks: I'm more concerned with how much I can lose vs. how I might hold on to a gain. So my positions here are VERY small, and this helps me ride the volatility.|
your logic is compelling, and from what I can tell, your record with these things is better than good.
Perhaps it's not position size at all that should influence or dictate decisions to avoid or make sells, but rather as you say, what is the best approach given our inability (or anybody's) to value these things at current price? Logic, perhaps probability, maybe experience, seems to indicate you are correct with your methodology.
I have to agree with your viewpoint. I've sold half of Storm Cat today.
Regardless of how the stock performs from here, thanks for sharing your opinion - I'll call it a good suggestion.
I appreciate any help I can get - even though it's often hard for me to hear what's being said & act on it!