Len,
Re your 1996, it PAYS to be cynical. Check it out for yourself, sir.
How are you getting killed? If you mean you have a paper loss in the stock, then you have to assess what your level of risk and your long-term investment strategy is.
If you believe in the company, you might consider holding.
If you don't believe in the company, and you need the money, and you love to short-term trade, then you should consider the option of taking a loss and going on to another company. If you need the money, in my opinion, you should reconsider in investing in OTC BB stocks. They are very high risk and only for those people who can afford the risk. If you love to short-term risk, then you should be able to afford losing EVERYTHING you have invested. Otherwise, it is not prudent to do short-term trading.
Buying into OTC BB stocks takes a high level of risk ability to withstand wild up and down movement in the stock. Remember, you should always be able to afford to lose everything. Otherwise, you might consider a good mutual fund. Vanguard 500 Index, Janus Twenty and many many more are good longer-term options for mutual funds.
Does this help in any way.
Remember, this is only an opinion and in no way is meant to be advice to you about how you should invest.
vic |
