Conundrum, page-20

A smart reply, TT. Thank you.

My full rule, strictly imposed to limit losses after suffering too many on spec stocks in my early investing days, is this:

- Only ever own one spec at a time. My definition of spec in this instance is a going concern with a promising, workable product / resource that's not yet cashflow positive. 

- Never invest more than 1% of my portfolio. Without giving too much away, that's over $15k but under $20k - so not a killer amount by any means, but enough to be meaningful in the extremely rare event of a Disallowed.

This has actually served me really well, made me some money, limited some losses and never caused a sleepless night. So I'm happy with my rule. But RAP is proving to be a test. If AHZ was still trading, I would sell it for RAP, no question. But for better or worse, I'm not going to break my rule.