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re: Closed -
Posted on 1/14/21 at 9:28 am to rocksteady
Posted on 1/14/21 at 9:28 am to rocksteady
i bailed and took a 100 loss on my gambling. kicking arse everywhere else. i will keep watching as it will be on the upswing in the future.
1
Posted on 1/14/21 at 9:46 am to xxTIMMYxx
Posted on 1/14/21 at 9:47 am to rocket31
I'm shocked at people freaking out and bailing at a loss on friggin' penny stock. I'm in for 3,000 share and holding onto long term on the advice of AT. Even if I lose everything on this stock, it's only a couple hundred bucks and I'll walk away and never look back. But if it hits bigly.....
If you're freaking out over having a current $100 loss on this stock, perhaps investing in the market isn't right for you in the first place. Right now, I've got about $5,000 invested in various penny stocks just to see if any of them hit, but that is such a small percentage of my portfolio, I'm not worried about it. Even if they all go bust, I won't lose any sleep over it.
If you're freaking out over having a current $100 loss on this stock, perhaps investing in the market isn't right for you in the first place. Right now, I've got about $5,000 invested in various penny stocks just to see if any of them hit, but that is such a small percentage of my portfolio, I'm not worried about it. Even if they all go bust, I won't lose any sleep over it.
Posted on 1/14/21 at 9:49 am to jfw3535
quote:
Right now, I've got about $5,000 invested in various penny stocks just to see if any of them hit, but that is such a small percentage of my portfolio, I'm not worried about it.
Neat
Posted on 1/14/21 at 9:51 am to jfw3535
Looks like ZOM announced a patent today. Wonder if this was the PR AT was referring to.
Patentscope
Patent is for detecting Urinary Tract Infections in dogs
Patentscope
Patent is for detecting Urinary Tract Infections in dogs
This post was edited on 1/14/21 at 9:54 am
Posted on 1/14/21 at 9:52 am to jfw3535
Everyone has different levels of risk tolerance and amount of cash to play. You can balance that with 100 dollars in Etrade or 1 million in E trade. If you go heavy in pennies, you have to expect an extremely volatile ride.
Posted on 1/14/21 at 9:53 am to jfw3535
good luck bro. I'm watching from the sidelines on this one
Posted on 1/14/21 at 9:56 am to Esquire
quote:
Looks like ZOM announced a patent today. Wonder if this was the PR AT was referring to.
Patentscope
Patent is for detecting Urinary Tract Infections in dogs
Posted on 1/14/21 at 10:06 am to xxTIMMYxx
Posted on 1/14/21 at 10:08 am to Jwodie
And here we go!!
Posted on 1/14/21 at 10:09 am to FoodExit
Like fricking clockwork. I get in and it drops. I get spooked the frick out and walk away and it goes back up.
Story of my life!
Posted on 1/14/21 at 10:11 am to TDsngumbo
Posted on 1/14/21 at 10:14 am to AncientTiger
Posted on 1/14/21 at 10:14 am to Esquire
Im curious if this is the PR he was referring to. But its also not in his date range. Paging AT???
Posted on 1/14/21 at 10:15 am to MrJimBeam
quote:
Everyone has different levels of risk tolerance and amount of cash to play. You can balance that with 100 dollars in Etrade or 1 million in E trade. If you go heavy in pennies, you have to expect an extremely volatile ride.
I understand. I wasn't trying to sound like a douchebag. I'm just saying if a $100 swing in a stock is causing you heartburn (as it seems it is for some), then perhaps investing in penny stocks (which are highly volatile) isn't where that person needs to be at this point in their investment career.
Posted on 1/14/21 at 10:16 am to TDsngumbo
It can be fristrating. The way I look at it, I bought a position based on AT's research, so if he says to hold until the next PR comes out, I'm holding. Will be interesting to see how this plays out. Of course, I already booked a nice chunk of profits. 
Posted on 1/14/21 at 10:18 am to jfw3535
quote:
I'm just saying if a $100 swing in a stock is causing you heartburn (as it seems it is for some), then perhaps investing in penny stocks (which are highly volatile) isn't where that person needs to be at this point in their investment career.
You're exactly right. I've tended to stay away from penny stocks even though my brother has made some bank off of them and has tried to convince me to jump in. I have always preferred to stick to funds and more reliable growth stocks in the past and that's where I'll probably stay for some time.
I say that but I know damn well the bug will bite me again sooner or later and I'll dabble in one or two again at some point. Probably with the same results if I know me
Posted on 1/14/21 at 10:20 am to TDsngumbo
If you want to play pennies, put in an amount that won't give you heartburn if it goes belly up.
Posted on 1/14/21 at 10:23 am to MrJimBeam
quote:
If you want to play pennies, put in an amount that won't give you heartburn if it goes belly up.
Back in the spring I bought a significant (for me) share of Disney stock. Vanguard didn't allow me to do partial shares so I had to do a whole number and after that purchase, I had $26 left over to play with. I saw someone here (don't remember who) recommend CPE a couple weeks earlier so I said "frick it" and put it there thinking that if it goes belly up, it's only $26. I'm glad I did and wish I had bought a lot more because now it's worth over $70. I wish I had dumped my entire savings into that stock back then
Posted on 1/14/21 at 10:32 am to TDsngumbo
Let me know if you decide to get back in then
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