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u know what JP I like your strategy and it's really smart
2/3 and lock some profits and leave the rest play ...so NICE
I will try to impliment it in the future

you are right and here is what happend with me
1-SUOG 180k shares B @ .046 & S @ .082 and then the stock went to $0.14
2-GRYF 4.6mln shares B @ .0006 and have n't sold when it hit .0013 and now my cash is stocked in a stupid position we don't know what would happen to it.

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Originally posted by justplayin:
Dreamer, it all depends. Did you do DD and do you expect to go long on this, or are you just trying to turn a profit?

Pennies are tricky and it may well go below where you bought it.

I have a pretty successful plan:

I buy a stock. When the pps doubles, I sell off 2/3 of the original buy. This guarantees a profit on that play and I still hold 1/3 that cost me nothing (just in case).

Warren Buffet said a profound theory of the stock market:

"Pigs get fat, and hogs go to slaughter"

Good Luck!

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