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Microcap & Penny Stocks : EDIS
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To: Lazarus who wrote (2418)12/16/1999 9:09:00 PM
From: Joseph F. Hubel  Read Replies (1) of 3043
 
I mentioned it as the last time this stock climbed above a dollar it ended sliding down and staying in the .06 to .18 range for almost 3 years. To me that's dead money. There are stocks like AAFG which boomed into the 4 dollar range and now sells for 7/10s of a cent. CPQ took better than a year to climb to 51 from the mid 20s and in about a month was at 18 where it stayed for the better part of a year, just recently making it back only as far 24-26. In other words there is no guarantee a stock will recover to it's recent highs any time soon. It's an opportunity lost.

Loyalty has it's place but anytime a stock offers one the opportunity to lower their cost basis or to improve the size of the holding; assuming one is very confident in it's future, then it's wise to do so. EDIS was in the 2 dollars range for several days offering plenty of time to do something before it exhibited signs of a pull back and sold off more than 60%. If an investor is real confident in a stock's future then it's at least worth adding to the position on dips from the high. The object of investing is to get the maximum return. A prime rule of investing is to never marry a stock.

Not trying to preach, just share insight from 30+ years of being in the market.

JFH
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