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Posted On: 11/18/2021 8:30:24 AM
Post# of 3400
Re: lovetoseegreen #756
So, I have a question regarding price target because while I'm long the stock I'm having trouble defining a realistic price target, say over the next 6-9 months. Is .05 a stratospheric move? Some people would say so comparing it to a 10 dollar stock going to 50. Is .10 a expected move? What about .25? These are huge percentage gains.
I ask because I have fallen prey to the very unrealistic targets that get thrown around based on the exceptions rather than the rule. Here in OTCBB land some people expect a stock to move from pennies to dollars and anything less is considered ho-hum. Not saying this is you, or anyone else here. It's just that I've seen these occasional HUGE moves, and have been part of a couple of them. It's a rush, but for me has had serious impact, frankly in a negative way, in how I trade.
For me it's something I have always wrestled with, as I suppose we all have. At what point to we say it's time to start and exit plan?
I ask because I have fallen prey to the very unrealistic targets that get thrown around based on the exceptions rather than the rule. Here in OTCBB land some people expect a stock to move from pennies to dollars and anything less is considered ho-hum. Not saying this is you, or anyone else here. It's just that I've seen these occasional HUGE moves, and have been part of a couple of them. It's a rush, but for me has had serious impact, frankly in a negative way, in how I trade.
For me it's something I have always wrestled with, as I suppose we all have. At what point to we say it's time to start and exit plan?
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