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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: geoffrey Wren who wrote (55468)	11/10/2015 8:49:49 AM
From: Lazarus	Respond to of 78644

Still long. My time frame though for many penny stocks is probably longer than others. I have learned over the years not to be too quick to jump out on spikes or dips. I first bought IEHC at 15 cents back in --- I think it was 1998. I made good money off it got out way to soon. But then, got back in higher. I dont know if I've said it here but I know I've said it because one of my sons (perhaps two) have purchased this stock and I told them to buy it in their IRA and forget about it for 7-10 years. With a time frame of a decade I'm confident this will be a multi-bagger. I find I make more when I trade less. Always think of what Jesse Livermore said: “It was never my thinking that made the big money for me, it always was sitting.” Also gives me more time to play with toys. Note that 75 cents is the 5 year pivot. So this pullback is healthy and I suspect the stock will consolidate here and all things being equal this will be the launch-line for the next move up. FWIW -- I wouldn't buy it with a time frame of less than 3 years. Shares I own are in my IRA.