Me as well. typically when I take a position i
Post# of 3601
typically when I take a position in a stock and it drops, I increase my due diligence, if still comfortable ... buy more shares to lower the average price .. and will continue that until the price rises to meet my diluted average ....
in the case of Coates ... it has been steadily declining ... over the years I had accumulated many many millions of shares ... from .25 cents down to .0003 ....
last week when the stock jumped, I had to unload some ... took $20K in profits ... that's the second time I've made money on trades ( last time was
a few years ago when the stock hit 60-70 cents) ... so I'm up about $28K on this investment ...
I'm back into to buying Coates ...picked some up at .0008 and .0006 ... and have standing orders at .0005 / .0004 / and .0003 .... still love the technology ...
the history of Coates ... the 30 years of History ... makes it tough for me to wait for that "just over the horizon win-fall" ...
so i Guess I'm both an investor and a trader ... when it comes to COTE
my history with this company goes back about 9 years ... I learned of it second hand from one of the original investors ... who has since died ...
don't know how much the original investors put in ... but it certainly is not disloyal to sell some stock and make some money along the line ...
P.S. I also have standing orders to sell COTE at much higher prices ... which is how I got lucky last week ... and made some money
dave williams