We're all entitled to our own opinions, so i respe
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(Total Views: 1183)
Posted On: 10/23/2017 11:59:39 AM
We're all entitled to our own opinions, so i respect yours. you invested your own money and you obviously want to make a nice return on that investment. thats very noble.
im not trying to figure out who the liar is simply because thats not my job as an investor. our job is to buy in low, sell high, not invest more than we can afford to lose.
You said you have a million at .0058. Did you buy in originally in Dec 2016 or more recently on the dip? or perhaps your .0058 is an average of all your buys. itll probably go lower before it goes up, but thats just investing. in fact, at any time, ICNB could release news and we jump up to .05 in a day. we just never know.
the reason most people dont make a dime investing is because they dont know when to sell. ive said it a billion times, so im sure some readers out there are thinking, "ohhh boyy.. here it comes again!"...
Theres this strange ideology in these boards of 'holding no matter what' and 'buying gift share prices'. the point of investing is to make money, so instead, we should be buying low and selling high; ignoring the little voice saying, "Dont sell! it may go higher!" .. because most times, it doesnt.
No CEO truly cares about the shareholders in pennyland. theyre not here to help us. i sold all ICNB shares awhile back and bought in recently around .0058. so in my case, i now own many more shares for the same price, but like you... im in the red. its just part of the game.
i think all ICNB needs is sale numbers; and it wont happen overnight. if the product is still selling, we'll go up in price. if we ever get bought out, i think we'll be just fine.
the haters are bashers who get paid to bash; simple as that. also, many times, these people want the price to drop so their groups can buy millions of shares. they then pump the stock, making it go up .005 or so, which earns them tens of thousands of dollars. repeat over and over.
in all, ICNB has a great product, management is typical in a OTC. as an investor, im not here long term. if the price goes back up, ill sell, and reinvest when it drops. repeat over and over.
again, the absolute hardest thing for the average investor is learning and understanding the concept of selling high and reinvesting low simply because they fear selling too early. this causes them to hold their shares during the price jump which ultimately leads to them losing money once the price drops.
perfect example, again.. is GIGL:
https://www.tradingview.com/chart/?symbol=gigl
Went from .0028 to .28 cents in four months. Investors were estatic; screaming DOLLAR LAND HERE WE COME!.. of course, the price dropped and its back to .02 today.
the problem here is, had a GIGL investor sold 700,000 shares @ .25, they would have made $175,000 . but now, they have to justify their mistake by saying things such as, "GIGL will go back up! Just watch!"
But my point is... why waste time having to hope for the price to go back up to .25 cents, when IT WAS ALREADY THERE!??
Had they sold, they could have reinvested $175,000 in @ .02 = 8,750,000 shares. if the price does go back up to .25 cents, they would have made $2,187,500 . Thats 2 MILLION DOLLARS on a $1,900 investment.
See my point? ICNB is no different. Buy low.... sell high... repeat.
i do it all the time and it works. Just did it last week:
https://investorshangout.com/post/view?id=4808738
..and look.. XRP has fallen. I can now buy more for the same amount of money.
So to answer your question through this mumbling response of mine, treat ICNB as any other stock. ICNB isnt special. its not a gift. its a stock. know when to sell.
im not trying to figure out who the liar is simply because thats not my job as an investor. our job is to buy in low, sell high, not invest more than we can afford to lose.
You said you have a million at .0058. Did you buy in originally in Dec 2016 or more recently on the dip? or perhaps your .0058 is an average of all your buys. itll probably go lower before it goes up, but thats just investing. in fact, at any time, ICNB could release news and we jump up to .05 in a day. we just never know.
the reason most people dont make a dime investing is because they dont know when to sell. ive said it a billion times, so im sure some readers out there are thinking, "ohhh boyy.. here it comes again!"...
Theres this strange ideology in these boards of 'holding no matter what' and 'buying gift share prices'. the point of investing is to make money, so instead, we should be buying low and selling high; ignoring the little voice saying, "Dont sell! it may go higher!" .. because most times, it doesnt.
No CEO truly cares about the shareholders in pennyland. theyre not here to help us. i sold all ICNB shares awhile back and bought in recently around .0058. so in my case, i now own many more shares for the same price, but like you... im in the red. its just part of the game.
i think all ICNB needs is sale numbers; and it wont happen overnight. if the product is still selling, we'll go up in price. if we ever get bought out, i think we'll be just fine.
the haters are bashers who get paid to bash; simple as that. also, many times, these people want the price to drop so their groups can buy millions of shares. they then pump the stock, making it go up .005 or so, which earns them tens of thousands of dollars. repeat over and over.
in all, ICNB has a great product, management is typical in a OTC. as an investor, im not here long term. if the price goes back up, ill sell, and reinvest when it drops. repeat over and over.
again, the absolute hardest thing for the average investor is learning and understanding the concept of selling high and reinvesting low simply because they fear selling too early. this causes them to hold their shares during the price jump which ultimately leads to them losing money once the price drops.
perfect example, again.. is GIGL:
https://www.tradingview.com/chart/?symbol=gigl
Went from .0028 to .28 cents in four months. Investors were estatic; screaming DOLLAR LAND HERE WE COME!.. of course, the price dropped and its back to .02 today.
the problem here is, had a GIGL investor sold 700,000 shares @ .25, they would have made $175,000 . but now, they have to justify their mistake by saying things such as, "GIGL will go back up! Just watch!"
But my point is... why waste time having to hope for the price to go back up to .25 cents, when IT WAS ALREADY THERE!??
Had they sold, they could have reinvested $175,000 in @ .02 = 8,750,000 shares. if the price does go back up to .25 cents, they would have made $2,187,500 . Thats 2 MILLION DOLLARS on a $1,900 investment.
See my point? ICNB is no different. Buy low.... sell high... repeat.
i do it all the time and it works. Just did it last week:
Quote:
Sold all XRP 10/21 as a strategic measure. Will buy back in when it looks appropriate.
https://investorshangout.com/post/view?id=4808738
..and look.. XRP has fallen. I can now buy more for the same amount of money.
So to answer your question through this mumbling response of mine, treat ICNB as any other stock. ICNB isnt special. its not a gift. its a stock. know when to sell.
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(0)Iconic Brands, Inc. (ICNB) 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.
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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.
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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