Party’s Over: Paralyzing Penny Stock Dilemma
Not get out when you could-should have
We just can’t seem to help ourselves, we see that previously thinly trading penny stock start to catch fire for reasons we shouldn’t have to say, and seeing that stock gets our blood flowing, our juices ramped up – and dollar signs in our eyes, we exuberantly say; “YES! This IS the ONE… ewwww….ahhhh…. uhhh… hmmmm. No it’s not is it? Don’t blame yourself, again, sure most of us have been there. So, you see that get-quick-rich-fast stock go in just over a few days from maybe $1 to .75 to .50 to .25 all the meanwhile with less and less volume. Yet, we say to ourselves; “I just know it’s going to bounce back!” And yet, it never does, rarely does, ever. Well, don’t blame yourself (yes, we repeated this line again), or should you?
Think about it, why don’t we ever pull the string to get the hell out of that toxic stock when we could have, even if at a loss? At least then you had a small window of opportunity while it was trading, now the thing doesn’t trade a single share a day! The fact is we all to often become paralyzed while staring at the downward spiral it is taken, we can’t stand the fact it’s down 50%, we refuse to believe it (I got my kids college money in this thing – I can’t sell NOW, NOT NOW!). Yet looking back, getting half your money back doesn’t sound so bad right about now does it?
Bottom Line is be cautious with some of these penny stocks, reading a few press releases and visiting their shiny new website just is not enough. Email the company, then call the company, ask for it’s corporate address and tell them you would like to swing by sometime, and if you hear any pause whatsoever on the other side of the phone, well; Run Forrest RUN!