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if you're into a stock for just a few hundred bucks...
Posted on 5/22/15 at 8:56 am
Posted on 5/22/15 at 8:56 am
and you've lost about half of it.....do you just ride it out since its a relatively small amount and hope it jumps or cut your losses and bail?
took a shot on a penny stock that isn't working out.
took a shot on a penny stock that isn't working out.
3
Posted on 5/22/15 at 8:58 am to Choctaw
quote:
took a shot on a penny stock that isn't working out.
Shocking
I would personally let it ride if it isn't money I need, but I don't think it'll make a big difference either way
Posted on 5/22/15 at 8:59 am to Thib-a-doe Tiger
took a gamble....can't win them all.
but yeah...i was thinking about just letting it ride
but yeah...i was thinking about just letting it ride
Posted on 5/22/15 at 9:01 am to Choctaw
weed stock?
Posted on 5/22/15 at 9:02 am to Thib-a-doe Tiger
nah...i try to stay away from those. i see alot of people are jumping all over them though
Posted on 5/22/15 at 9:04 am to Choctaw
yep. I never want anyone to lose money, but it's hard telling people I told you so.
Some people have hit it big on penny stocks, but I would say there's a greater than 90% chance most of them never work out
Some people have hit it big on penny stocks, but I would say there's a greater than 90% chance most of them never work out
Posted on 5/22/15 at 9:10 am to Thib-a-doe Tiger
quote:
Some people have hit it big on penny stocks, but I would say there's a greater than 90% chance most of them never work out
yeah...i hit big on a few and got the bug.
pretty much like the first time i ever went to the horse track. literally the first time i ever placed a bet on a race i hit the trifecta. thought i was the greatest horse better of all time.....have won 2 bets since
Posted on 5/22/15 at 9:25 am to Choctaw
It's all relative..How much does the "few hundred bucks" mean to you?
I remember in college I had the idea I wanted to put $200 into Ford after it dropped to a dollar. I asked my Finance professor about it and he said it was 50/50 if I lost it all or gained a bunch back. At the time, $200 was about all I had to my name so obviously I didn't do it.
I remember in college I had the idea I wanted to put $200 into Ford after it dropped to a dollar. I asked my Finance professor about it and he said it was 50/50 if I lost it all or gained a bunch back. At the time, $200 was about all I had to my name so obviously I didn't do it.
Posted on 5/22/15 at 11:12 am to Lawyers_Guns_Money
Which Ford? Stock symbol?
Posted on 5/22/15 at 11:19 am to GMoney28
Ford Motor (F). This was my sophomore year in college (2008) and the stock dropped to almost $1. 00
Unfortunately $200 bucks at the time was an insane amount of money to me (13 cases of Natty Light).
Unfortunately $200 bucks at the time was an insane amount of money to me (13 cases of Natty Light).
Posted on 5/22/15 at 10:27 pm to Lawyers_Guns_Money
It dropped to $1.43
Your $200 would be just over $2,000 right now.
Your $200 would be just over $2,000 right now.
Posted on 5/23/15 at 9:52 am to Choctaw
im way down on GRCU right now but in a position where bailing won't really do me any good or bad...if you believe in the stock and the infrastructure and have done DD then i'd say let it ride.
Posted on 5/23/15 at 4:37 pm to Choctaw
Referring back to an earlier post of mine, did you consider this an investment, a trade or just a gamble when you bought it?
With a trade or an investment, it's important to establish rules on losses (and gains) upfront. I guess if this was a gamble, you can just throw caution to the wind. But kind of like using charge cards and getting in a debt hole ("just this one time"), you can start developing bad and dangerous habits hoping to get back even again. I don't do the penny stock thing and never have. But if I did, I'd have to live/trade by some rules and leave hopium alone. Like Nancy Reagan said, "Just say no,"
With a trade or an investment, it's important to establish rules on losses (and gains) upfront. I guess if this was a gamble, you can just throw caution to the wind. But kind of like using charge cards and getting in a debt hole ("just this one time"), you can start developing bad and dangerous habits hoping to get back even again. I don't do the penny stock thing and never have. But if I did, I'd have to live/trade by some rules and leave hopium alone. Like Nancy Reagan said, "Just say no,"
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