I am an author and an investor in some early stage, single-cent resource companies, including two in the uranium sector.
Everyone dreams of taking a penny stock (or single cents stock) and holding out for dollars, or tens of dollars. I imagine it takes some serious nerve and unwavering belief in the company for a PI to hold out for what might become 6 or 7-figure gains.
To that end, I'm interested in the views of anyone who might still be holding EXT from a position taken in 2003/5, or who at least held out for the highs from a sub 70c average.
How did you do it? What stopped you taking profit when it doubled/trebled etc.? Did you trade the share on the way up to improve your holding? How did you cope with deramping on these boards?
I'm very interested in the psychology of this, and the tactics that private investors employed to realise true, life-changing gains.
Apologies for interrupting your current discussions, but any replies would be gratefully received. I am considering writing a book on the phenomenon of 'holding out' as almost no investment literature covers this. I hope it'll be an entertaining read.
If you would prefer to reply in confidence, you can contact me at - bonobius @ googlemail . com (close the gaps!)
Thanks in advance for your help.
EXT Price at posting:
$6.35 Sentiment: None Disclosure: Not Held
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