PLEASE READ!!!!
I wanted to repost a thought I posted earlier. Now that we are
back down to earth.
A lot of you gave the impression that you were tempted to sell
at a buck. Let me present the following in hopes to knock
some _cents_ into you.
When stocks start trading over a buck things really start to change.
The first being the attraction of larger investors. Notice I said
investors, not day traders.
Secondly, the spreads are no longer a penny. Spreads will reach
3/8 soon. 1/8 over last, 1/8 under last. Now, I realize that
some of us are in at .12 or even lower, some of us are in at .75,
maybe higher. Let's just use .50 as a nice average cost basis here.
Once, the stock is stable above a buck (notice I said once, not if) and the spreads increase proportionaly, you will not think much when
you see +1/4 gains, or +1/2. But when you have a cost basis or
.50 you fail to realize you just gained 50% or 100% of your original
investment!!!! Don't fret if your cost basis is higher than .50,
you get the picture.
I think the track record of the rocketeers speaks for itself. DGIV?
INFE? ICVI? Do us a favor, as well as yourself. Don't sell. You'll
regret it later.
Cliff Daniel |
