A loss but at what cost?, page-69

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edmonbigs

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18/08/16

21:34

Post #: 18553169
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Originally posted by nihilism ↑

While I agree with some of your sentiment, the dream of holding on for $150k is a dream, not a reality of a healthy investment approach.

There are over 1600 spec stocks currently. Do you know how many sustained runs there has been over the last 10 years? Maybe 10-20. I can't think of more than 10 but I don't follow the bios or Financials etc.

Do you know how many spec stocks have been delisted in the last 2 months? 20. Last 10 years? 1066.

So while it's true that it's an asset and it can appreciate or depreciate, using the logic of holding on because you're currently losing and would realise that loss.. is not a good investment strategy imo.

So I feel as always, do your own research, feel out what you think of the company. Read the threads and see if there is any information you didn't know and see if there is a reliable source behind it. Figure out what you'd pay for the stock if you weren't already invested. If you would pay less than current price... then sell and wait.

If above current price, then hold on.

Just imo.

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What might be interesting is how many were tackling new industries and how many old. They do say we are on the verge of a new "industrial" revolution, old term I know but surely at some point there will be new markets which may tilt the favour a little.

IOT Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
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A loss but at what cost?, page-69

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