That has been my mindset and like your example, I would feel like a fool for dumping CYDY on a spike to $1-2 based on what I think it will ultimately be worth. I think this is where the technical experts thrive and thus why I would need to educate myself more before doing so. This isn't a lesson I want to learn the hard way! : )
My current exit strategy is based on targeted share price points and quantities and not short term spikes or percentages.
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Please do your own due diligence. All my posts and comments are not to be considered investment advice.