Strategy or greed

I was so busy these past few days. The demand of my work was too much that these last three days alone, I worked more than 20 hours a day. People just got crazy about the penny stocks ( USXP.OB, CNES.OB, IVOC.OB, and etc…).

Anyhow, I am leaving you some questions in connection to this. These questions have been playing in my mind since last week because some investors are not selling. They are not taking the opportunity of converting them to clear cash.

The USXP.OB has a 52-week low of $0.0002 and rose to more than $0.04 at the end of February 06. It closed at $0.0251 as of 02 March 06.

I know one person who holds more than 400 million shares, bought at an average of $0.002 per share. This guy is not selling yet.

If you were given a chance (as the person I mentioned above) to make more than 17 million dollars from your stock investment when the price went up to more than $0.04 but, due to your strategy (if there is any) or apparent greediness or overly positive outlook (that your particular penny stock would still go up), you let go of that opportunity. Your profit on paper is reduced to a half because the price went down; the company has a problem with SEC.

How would you accept the fact that instead of making money (as much as $17 million), you are now faced with the prospect of earning less or perhaps losing your investment? How would you handle this situation? What would you tell yourself? How are you going to convince yourself that your strategy is not sound but rather based on your greed? Would you still be positive that there will be another price increase or would you sell now at a reduced profit?

Please, let me know.

Related Post: Investing in pennies, million dollar return

Tag : penny stocks
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