Posted On: 03/18/2014 11:47:38 AM
Post# of 56324
To answer your question Duke, it hasn't hit yet. Seriously it hasn't. Plus if I retire early and start tapping into the money I get hit with a huge tax liability and penalty too (can't touch it before 59 1/2)
When this reaches $1 I will have to sit down with a financial advisor and explore my options. If it hits $3 I will pay the penalty and not worry about it.
Plus a bit of transperancy as to my strategy. This is not advice but how I plan to play this. I plan to hold my one million shares long. However just like Sir Peter said you can play the hokey pokey with a portion of your shares and make big money. After license I will make minute by minute or hour by hour decisions based on the trading day and I actually plan to sell 300k shares at or around 30 cents and that will more than cover my intial investment and get all of my money back and a little bit more. Than I'm hoping for this "can" (sorry if that offends anyone here) to get kicked around a bit with volatility for a bit after license but before first finacials are released on earnings. I'm expecting dips and plenty of opportunities to buy back in with the funds that I made and expand my position even further.
However if the pr's keep coming out after license and this thing just keeps climbing my strategy changes quite a bit and it's all thrown out the window. LMAO
When this reaches $1 I will have to sit down with a financial advisor and explore my options. If it hits $3 I will pay the penalty and not worry about it.
Plus a bit of transperancy as to my strategy. This is not advice but how I plan to play this. I plan to hold my one million shares long. However just like Sir Peter said you can play the hokey pokey with a portion of your shares and make big money. After license I will make minute by minute or hour by hour decisions based on the trading day and I actually plan to sell 300k shares at or around 30 cents and that will more than cover my intial investment and get all of my money back and a little bit more. Than I'm hoping for this "can" (sorry if that offends anyone here) to get kicked around a bit with volatility for a bit after license but before first finacials are released on earnings. I'm expecting dips and plenty of opportunities to buy back in with the funds that I made and expand my position even further.
However if the pr's keep coming out after license and this thing just keeps climbing my strategy changes quite a bit and it's all thrown out the window. LMAO
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