Well it sounds as though you made the right
choice for yourself since it was stressful
for you...I think however I too have made the
right choice for me. {Here is the part where
I impart my great wisdom learned these past
few years trading stocks;-) }
It's easy to get wrapped up in the current
stock price, fool oneself into thinking the
current direction of the stock, or that the
bid/ask has meaning. It does not. That ntii
was a fifty cent stock a few months ago...and
that it is now back in the land of the living
now--meaningless.
What matters for me is that 1...at one time
I decided this was a reasonable investment
after persusing the thread, reading a bit off
the neuroinv website etc etc, and I probably
ran a few thoughts by the biotech fellas here
on SI. 2. I listened to a replay of a conference
call a bit under a year ago and decided that this
Freiman fellow was a straight shooter. 3. Came to
the conclusion that the stock, especially now
having been delisted is mainly ignored by people
and so it gives a good bang for the buck--it's very
very cheap. 4. More recently I see the company has
financing to carry it until the point where they
get a partner. I would imagine that this fellow
who plopped down the 1/4M pretty much expects a
partner, and this is really the sort of deal that
friends do for each other more than a real need
for cash, but no biggie.
Now yesterday when I got caught up in the emotion
of seeing the stock move, sure, I wanted to take
some money off the table. But thank goodness I
had the sense to download my ntii trades for the
past year to see how emotion has effected me: Over
the last year I had decreased the numer of shares I
held down to 7000, and then increased to 22,000, and
then back down to the 10k I have now. Why? So the
MM could rape my account? Foolishness. (Oh and it
cost me too, make no mistake, churning by fools is
how these fellas stay in business!)
I am pretty sure the answer is to buy an idea,
and walk away until you are proved right, or wrong.
$1.50 a share yesterday was just a temptation, an
invitation for the market maker to get a little
something once again...but meaningless for me.
I am glad I finally woke up. If the stock goes back
down, so what--it could just as easily keep climbing,
you just don't know. And it does not matter!!!
All that matters is that the original reasons I
got in still apply...check, end of story.
I don't need the money right now for any other idea
...I certainly don't need to trade just to churn and
give away my best ideas, and, if I am indeed the only
fellow left on this thread...well I certainly don't
need to be talking to myself!
Best wishes Apache, it does sound like you did the
best thing for you, that is fine. I will continue to
hold...if NTI/Merz has a successful drug someday I'll
not only have the satisfaction of having picked a
good stock, but I will know that at one time I finally
wised up and stopped giving commissions and spreads
away to the leeches on Wall Street.
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