Melinda--It depends. I built a monster position in GMAI for over a year, all under $2, some way under. Then I just waited.
Other times I just day trade them. However, most good things I build a position in, by good I mean just a company that is beat up, ignored, etc.
Now, take todays action in INNO, which is garbage, but they announced web sales, so that is a jump on and ride the wave thing for me.
Now, take a company like OBCI, with a much smaller float and selling well below book. I build a position in it. I Am still buying. What will happen to that stock when they go online?
These things always seem obvious to me.
(OBCI is a cheap mainly because they spent a lot of money on a new plant in Alabama, but they got it for .50 on the dollar, so in time this will pay off big, real big.)
Quality & good management always pay off, and I am confident in my research, and patient too.... |
