Well the reason i hold is because i believe that this is really cheap. and if i miss the opportunity to buy at a great price, you will not get the same opportunity make the great money just some money. I still have to keep my full time job haha.
I believe a small company can only be worth so much. Once it reaches that peak it will bob up and down and will take a very long time to make anything. As my only experience with Nearmaps.
I bought nea;au @ 0.06c and sold at 0.62c. Now it hovers at 50c and hasn't been going anywhere for there. If i where to wait and buy in at say 0.20, (things can chance over night) then i would not buy as many shares and also i would only make pit-tens because i don't have a lot to begin with. I dont have $100k to throw around. So i am taking this as an opportunity for longer term. i will slowly buy more over time and lower my ave. and when it kicks then make the decision to what i think the company with worth. Personally, i think the company is worth somewhere between 0.05 - 0.10c. That's when i think the company will peak. Call me insane, but this is my personal opinion and im happy to hold and sit on it until that day.
LWP Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held