Five Years? I wished I had that kinda' patience. What it means is that you got into IOMG below $10, no question you are happy.
Yes things have calmed down a bit but there still is that fear.
I did two things that i regret.
1. I played with the money that I needed,(twice) not in near future but down the road.
2. I played with the most risky stocks on the most risky of markets.
When IOMG plunged from 55 to 14 over the summer, I found myself in hot waters and realized what a bad mistake I had made. Then I simply to get out of the market for good with break even by finding some other high flier. And I did find, not one two, I just couldn't tolerate the daily swings in those and pulled out to soon and guess what, one of them doubled before IOMG could move above $15. Having missed all those opportunities and in fear of missing IOMGs uptrend from 14 to 20+ I am back in IOMG. I am still scared because once again I have put everything in one basket, however IOMG seem sto be my only chance (hope) of recovery now. It looks good, and if I can survive this quarter, I will probably be OK by December. I basically wanted to find a company that I didn't have to check for a while, that I could close my eyes and put money in and forget it for at least a couple of months, because I didn't want stocks to rule my life as they were. IOMG might not be a good choice for that, but like I said, I didn't wanna' miss out again. Hopefully I'll be able to break even by December, I should be a happy camper even with that. Someone suggested playing IOMG options, but I think that is as close to gambling as you can get, and I didn't think it would be a good idea to burn my candle from both sides. Any word of encouragement would be appreciated.
BTW someone sent me some cash above 10 grand for investing, I am looking for some advice into how I should invest this time, I don't wanna' make mistakes again. I am actually going to send half of it to someone I trust and feel that he can make much better investments than I can.
Thanks.
Rafique. |
