Bill,
I would be interested to hear from people when they sell, particularly, why they are selling. This brings me to think of several reasons:
1) to pay off bills/debts - well why do you have money in the OTC market, if you have a priority to pay off bills? Sounds pretty risky, if not only perpetuating the problem of debt in our society.
2) to take some money off the table. Why do people sell on the way up? I read a book called Market Wizards. In the book, some of the most successful traders stated that many people take small gains, because they are afraid to let it ride. On the other hand, many people let losers run, versus taking the guaranteed loss and pressing on. Both limiting winners and letting losers run keep many people from attaining wealth. If FNTN is in an uptrend, I want to know why you would sell. Let it run, set sell stops on the way up. If the trend is broken, now take you money off the table, and if you believe in the company, buy more when the trend reverses.
Folks, don't give in to greed or short-term thinking. So what if FNTN hits $5 in Aug, only to retrace to $2 in Oct. If you are here to trade, great. But to those wanting to be long, ask others about selling their YHOO and AOL last year. Investing is not a get-rich-quick scheme. Those who have patience and perseverance are gonna win.
Rob |
