While I certainly agree with you in part, I also b
Post# of 15624
Individual investors who're in say at an average of $.50 and ride it to $5 made ten times their money, and it could happen in a year or two. The point is, the Institution's will coax most of us to sell when they're ready to buy at $5, and on the basis of dollar's gained, they'll make more than we do. We on the other hand will have made the greatest percentage gain. My belief is that, if I don't need the money, and I still believe in the company's ability to grow, say a buck a year, I'll keep much, if not all my money invested. Remember, I paid 50 cents a share, so at a buck a year I've still got a 200% gain on my initial investment with that $1 per year gain.
This may not work for everyone, if you get a ten banger all you may want to find is another one. I'm not saying don't do it, I'm suggesting to either do it with other money, or perhaps even from margin just barely touching the equity, but stay invested. By the time the stock reaches $5 their will probably be options available in it, selling calls is another way you might want to use your shares. On the other hand, on weakness you might buy calls to add to your holdings.
My point is that when the stock rises to the $5 range, you'll not only be a lot wealthier, you'll have options. Selling is only one of the options you might use to gain the funds you'd like for another investment, or other pleasure.
Gary