Jenny take a look here - it may help
Do you have an investment strategy in place? Mine is 50% blue chip large caps, 20% cash, 15% micro- to mid cap holds and 15% micro- to mid-cap trading stock. There are many strategies out there. Here's one you should consider - it's easy to understand - consists of 4 of the 30 Dow stocks and is called The Foolish Four:
fool.com
Don't be put off by the name. Take some time to read the material - this is a time-tested and proven strategy.
I am sorry for your loss, but I would not have sold in your position. Put it behind you, don't dwell on it, rethink your strategy, give it some time and you'll be back on top again. One thing we all must have is discipline when it comes to the market. For a hot stock that is moving rapidly it's so tempting at times to liquidate other positions and throw it at the hot stock. Alternatively, you could increase your position by activating a margin. I made that mistake once - took a small loss (just minor thankfully) and I won't do that again!
The comments in your post are your opinions. However, the fact is that Citibank is doing business with VNE and others under the umbrella of the eMerge Alliance. From yesterday's news report this deal took many months to put together - more than enough time for all the partners to get a good feel for each other. You can't deny what's there for the world to see. The Alliance made its public debut at the recent Internet Conference in Toronto - was very well received by all accounts - and yesterday there was a write up in the Globe and Mail. More independent pieces are anticipated to appear at any time now in the national and US press.
This is still early days for VNE so I expect volatility which is why I don't have a large relative exposure. I have a pre-set position, and while it's tempting to add to that at these levels, and I have a little, I'll hold off making more substantial acqusitions for a while. Charles Schwab advises in his book not to invest in any company trading at less than $10. If a penny stock company is good it'll grow and pass the $10 threshold - thereby demonstrating its worthiness - which would then be the time to jump onboard Schwab advises.
However, I like picking up some pennies. They're fun, dynamic and it's good to get in on the ground floor. Having made a careful selection it's best not to let the ups and downs influence you too much. If the underlying fundamentals are OK - which I believe they are here - then just sit back and give the stock time to develop. Watching the daily or weekly flip flops can drive you nuts. I just keep my finger on the pulse of the fundamentals and I'll then let the market take the stock higher in the months ahead.
Good luck,
David. |
