Nice post. There is a very fine line between selli
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(Total Views: 431)
Posted On: 07/08/2017 3:09:27 AM
Nice post. There is a very fine line between selling out of fear and selling because 'its time'.
Those who read my posts in my Board, know I say this like a broken record, and although I say it over and over, I say it because its true. This isnt pointed directly at you, Ill point it towards myself, that it is extremely important "NOT to invest more than i can afford to lose".
When an investor is about to press the 'Buy Button', I think to myself, "Im perfectly fine if I lose all of this money". If I cant say that.. I don't press the Buy Button. This has stopped me many times from buying other stocks.
Something got you to buy in at .33; myself as well. it may or may not be for different reasons, but thats not important. Instead, its important to figure out if those reasons are still relevant, and i think this is where many investors get stuck.
They invest an initial amount because of a specific belief. But over time, the company releases a bad PR, or the company does something stupid and the price falls. At this point, the investor may want to figure out if that initial belief still holds true. If it does, and they believe the stock will recover; dont sell. But if they have to lie to themselves, trying to convince themselves that the stock will recover 'someday'.. selling may be a good option.
im blabbering now. My point is simple, but its difficult to explain. For situations like this, I use BLTA as an example. A company trying to get ONE plane off the ground, for over TWENTY FIVE years, and generation after generation of investors kept convincing themselves 'This is the year'. I fell for it years ago. Currently, theyre 'restructuring' with 'new management'... again.
Will BLTA succeed? I hope they do for investors sake, but when we look closer, im really hoping for the CURRENT investors sake, because 25 years of previous investors lost EVERYTHING; they just didnt know when to sell.
So to conclude this ridiculously long post, as long as we do not invest more than we can afford to lose there is nothing to worry about. if an investor happens to invest more than he/she can afford to lose, selling is probably only good if they sell NOT out of fear; but rather because their DD tells them 'its time', because once we click that 'Sell Button', the money is gone forever.
About a reverse split, the June 6 8-K does say this:
https://www.otcmarkets.com/edgar/GetFilingHtm...D=12163257
I dont know if this means they intend right now, or if this is just fancy talk for 'if they ever decide to do a RS'.
Not investment advice
Those who read my posts in my Board, know I say this like a broken record, and although I say it over and over, I say it because its true. This isnt pointed directly at you, Ill point it towards myself, that it is extremely important "NOT to invest more than i can afford to lose".
When an investor is about to press the 'Buy Button', I think to myself, "Im perfectly fine if I lose all of this money". If I cant say that.. I don't press the Buy Button. This has stopped me many times from buying other stocks.
Something got you to buy in at .33; myself as well. it may or may not be for different reasons, but thats not important. Instead, its important to figure out if those reasons are still relevant, and i think this is where many investors get stuck.
They invest an initial amount because of a specific belief. But over time, the company releases a bad PR, or the company does something stupid and the price falls. At this point, the investor may want to figure out if that initial belief still holds true. If it does, and they believe the stock will recover; dont sell. But if they have to lie to themselves, trying to convince themselves that the stock will recover 'someday'.. selling may be a good option.
im blabbering now. My point is simple, but its difficult to explain. For situations like this, I use BLTA as an example. A company trying to get ONE plane off the ground, for over TWENTY FIVE years, and generation after generation of investors kept convincing themselves 'This is the year'. I fell for it years ago. Currently, theyre 'restructuring' with 'new management'... again.
Will BLTA succeed? I hope they do for investors sake, but when we look closer, im really hoping for the CURRENT investors sake, because 25 years of previous investors lost EVERYTHING; they just didnt know when to sell.
So to conclude this ridiculously long post, as long as we do not invest more than we can afford to lose there is nothing to worry about. if an investor happens to invest more than he/she can afford to lose, selling is probably only good if they sell NOT out of fear; but rather because their DD tells them 'its time', because once we click that 'Sell Button', the money is gone forever.
About a reverse split, the June 6 8-K does say this:
Quote:
The Series B Preferred Stock has no dividend, liquidation or other rights which are preferential to our common stock and may be converted into shares of our common stock at a price equal to $0.1530 per share upon the earlier of the date of closing to the extent that the holder thereof reallocates shares of our common stock reserved for issuance under its certain senior secured convertible notes (the “Notes”) to conversion of the Series B Preferred Stock and otherwise three business days after receipt of shareholder approval of a reverse split of our Common Stock for which we intend to seek shareholder approval immediately upon closing of the purchase contemplated hereby.
https://www.otcmarkets.com/edgar/GetFilingHtm...D=12163257
I dont know if this means they intend right now, or if this is just fancy talk for 'if they ever decide to do a RS'.
Not investment advice
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(0)Delcath Systems Inc. (DCTH) Stock Research Links
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
http://investorshangout.com/Joeys-Investment-Board-91611/
Invite Only
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties. These links are provided for informational purposes only and are NOT endorsed by the writer of the above post. The writer of the above post has no control over the contents of any linked website and bears no responsibility for the accuracy, legality, or content of the external site or for that of subsequent links.
YOU ACCESS ALL LINKS ENTIRELY AT YOUR OWN RISK.
The writer of the above post makes no warranties or representations, express or implied about such linked websites, the third parties they are owned and operated by, or the information contained on these websites.
The writer of the above post accepts no liability for any damage or loss, however caused, in connection with the use of or reliance on any information, material, products, or services contained on or accessed through any such linked websites.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
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