HELLO EVERYBODY!
For those of you who care to read my assessment of todays activity:
I have been trading for approx. 10 years and even though I am pretty new to penny stocks I am pretty keen in evaluating a high percentage play.
I understand that for most (me included) the events of the last few trading days have been extremely shocking and probably very infuriating. "Why didn't I sell when it was at $1.63 or why didn't I see it coming or I knew it was too good to be true!"
"Penny stocks - you gotta get in and as soon as you are up take your profits!" I have heard it all day - today
At this point I am certainly in no position to argue with that investment philosophy.
However, ICVIs financial situation and prospects for the near future have not changed - in fact they look even more promising - and anyone who is in the "red" right now (on paper), shouldn't even consider selling.
If you are in the "black" the decision is yours - IMHO the events of today and friday in no way justify "bailing" out of ICVI to find a better opportunity.
My average cost is $0.88 and I am long 55,000 shares and I wouldn't even entertain the thought to sell at these levels to try and find a better opportunity to double or triple my return in the next few weeks.
Sure, I would have liked to have sold at $1.50 and bought back at these levels, but I didn't and if the stock would be at $1.50 tomorrow
I still wouldn't sell!
Call me stupid, but based on my own DD and the pending news releases that ICVI seems to be preparing for, I will not sell 1 share until I see that double or triple.
Think about it - would you have sold today if we had been at $1.28?
Probably not, because you know this stock is still undervalued at $1.28!
Stay calm, ride out out the inevitable ups and downs, set a target exit price and then go on to the next investment.
The MM did what everyone one would have done, keep dropping the bid, if people want to keep selling, SOONER OR LATER ICVI WILL BE at $4, $5 or $6 and then you will see a 300% or 400% return in less time than any investment in DELL, MSFT or INTC could offer you.
JMHO
Rico
P.S. I feel the same way about INFE!
Those emotions are natural |
