Yes, it is hard to sit through daily price changes, especially with the nagging of 20/20 hindsight. I considered selling at 15 a while back but decided to stay long, as I believe in this product for the long term. I bought GMGC over a year ago at 1.50, based solely on an news article discussing their company restructuring and new product ideas. (besides, what have you got to lose at 1.50!) It was my first stock purchase.
I've found it easy to decide when to buy, but not when to sell. Your Dell question is a good one. I bought Dell a month or so before their stock split, then sold about a month after it while they were piddling around $65, going "nowhere", to use the profits for a trip to Greece. Great vacation, but now I'm really regretting selling. Didnt have the heart to hold long on the company, apparently.
Monday is "unpredictable" as I'm finding most days of the week to be.
For now, I'm looking to other opportunities for the short term (TSQD & DRIV) for more immediate satisfaction, while I wait for GMGC to go where I believe it will go.
Thanks for your very informative message. As a newbie (only began active trading last January), this thread gives me insight, and comfort. I hope someday to be able to offer meaningful contributions as well.
cheers,
dazy |
