Hi Ron. Yes TA can be useful, but it's not the most reliable tool when monitoring penny stocks. I don't think people needed it to see that the stock was slowing at $2.00.
In retrospect, it would have been nice to sell at $2.00, and jump back in at a buck, but I was not willing to risk being on the sidelines, when this thing really starts to move.
You're right of course by taking some money off the table, but I don't think I'm wrong by holding out. I've been loading my boat for the last two years. Many purchases were at the current range, but I took advantage of the lows(I doubled my position when we hit 26cts last summer)
My average price is 57cts now, and I still haven't sold a share. I'm not in this stock to make some money along the way, I'm in it for instant retirement<g>
I won't part with a single share before we hit $5.00, and even then I won't part with very much....I've waited two years for this, and I'm not about miss the party<g> In fact, I had an order in for 95cts today, just in case your charts were right.
I find TA interesting in general, and enjoy your posts. I always like to have my over-exhuberance tempered with a little honest criticism....keeps me honest to myself.
Take care,
Tim. |
