I greatly value Biomanbaba's contribution to CTIX. His enthusiasm is based upon solid Due Diligence and a keen appreciation for the importance of buying dips in stocks one is positive about.
He is one of the few writers on these sites that gives the valuable advice to take your basis off and go for free trades. That is very hard for people to do when they are highly optimistic, as the time to take profits is when the share price is spiking, not pulling back! He is also sensible enough to not try to steer the exact timing of that very individual choice, as everyone's circumstances are unique.
How an individual trades, or when they take profits or take off or reduce their cost basis is highly personal. It's also fine to size your position for total loss and just hold till the end. Either way, it's called having a plan that is suitable to your goals, your risk tolerance, your portfolio size, age, net worth, psychology, and... do you feel lucky?
Answering these questions goes way beyond what is suitable for stock chat sites. There is no "one size fits all" and there is really no right and wrong. The stock markets are all about speculation, and the most speculative stocks are the penny stocks not yet listed. Most "professionals" will advise you simply not to trade penny stocks period. Most professionals are also worse at picking stocks than monkeys. (This has been proven through research)
But not taking your basis off at some point or betting a size one is willing to lose, is a mistake I've seen in other stocks, leading to some angry bagholder/longs who simply bet what they couldn't afford, failed to protect profits they couldn't stand to see reverse psychologically, and really were just in over their heads. So it's really refreshing to see these points made, though few will listen, and even fewer will act.
There is no target price that fits everyone, there is no bet size that fits everyone, and nobody posting their opinions on stocks has any obligation to post their individual trades or give money management guidance. We should all appreciate it when a seasoned investor like biomanbaba goes out of his way and volunteers his money management ideas to help us think sensibly about our personal strategy.
