DuGen,
I agree with you. You and I both know from the way Pacel kept falling that holding on to a hope for good news in a falling stock can result in a very dear price if that good news doesn't come! So whatever you choose to do, I tell you I'll support you 100%. I strongly believe good news for MADI will come but I have no guarantee.
For me, I attribute the drop in MADI's price to a long stretch without news and the resulting lack of market interest in watching "dead" money. Just the same, I feel quite lucky that I got in around .40.
It's a funny thing, I struck out *huge* with Pacel, buying my first shares at .50 and, after hopelessly averaging down, selling shares around .04. Still, if MADI goes to $2 within a month, I will have made up those losses and the nightmare that Pacel caused to my portfolio value will be erased. Wow, would I like that.
A part of me thinks it would be smart to simply wait for the dang MADI news and then enter as best I could (maybe .55 or .60). The problem there is my day job is heating up with work and I can't watch the market so much, so I'm going with the position trading route.
Wish I had a crystal ball and could see MADI's price in a month's time, but without that, I'll cross my fingers and guess that: news will come out, news will be great and MADI will go well past a buck. That's a lot to hope for but if it happens, won't I be happy.
Good luck and keep us posted on your thoughts,
Chris |
