I currently own 16150 shares of FRCP @ .30 I bought them thinking it would fly on the news... but it didn´t
What do you guys advise me? Should I get out of this NOW or wait for it to climb at least to .30 again?
I would loose big money selling now Will it take too long to climb?
Posted by tiagofreitas on :
Please give just some thoughts´
I really would appreciate
Posted by Vinny on :
I would buy a ton more to average down...then sell when there is a little volume and the pps reaches your target
Posted by rsnws on :
I would ask myself if I can afford to loose it. Remember, you haven't lost it until you sell. I have learned in penny stocks that what goes down, most of the time will come back up. Average down is an option also.
[This message has been edited by rsnws (edited May 20, 2004).]
Posted by SCS on :
I don't think you will get to many replies about this because that is always a choice one has to make for themselves. It is the hardest one to make. One of the craziest things that seems to happen to me is I ride a stock down and hold out till I can hold no more and finally sell. The very next day, or sometimes within 30 minutes of my sell, it bounces back to where I bought it or higher. It is the strangest phenomena, it is like the MM's where waiting for my personal shares and when I let loss of them, the MMs say, "we got him boys, let's take it back up".
This really does happen to me. And afterwards, I swear I will hold out the next time-and I hold again even longer--till that last drop of blood has been squeezed out of me, I give in and the next day, up it goes. I can't explain it.
It drives me bonkers.
So, I would look at your stock, do you really think it will go back up, and make your choice.
Posted by Poker Star on :
Sell it and invest in TFCT....JMHO
Posted by vado on :
quote:Originally posted by SCS: I don't think you will get to many replies about this because that is always a choice one has to make for themselves. It is the hardest one to make. One of the craziest things that seems to happen to me is I ride a stock down and hold out till I can hold no more and finally sell. The very next day, or sometimes within 30 minutes of my sell, it bounces back to where I bought it or higher. It is the strangest phenomena, it is like the MM's where waiting for my personal shares and when I let loss of them, the MMs say, "we got him boys, let's take it back up".
This really does happen to me. And afterwards, I swear I will hold out the next time-and I hold again even longer--till that last drop of blood has been squeezed out of me, I give in and the next day, up it goes. I can't explain it.
It drives me bonkers.
So, I would look at your stock, do you really think it will go back up, and make your choice.
WOW that's exactly what happens to me...
Posted by WWJD-thru-me on :
I have some at .30 and I will not sell those at a loss. This company will eventually go up. I bought more at .225 thinking that was the bottom. I bought at .235 and .27 before and sold to make some money and bought back cheaper. This stock has a lot of selling pressure right now. I don't know if it is being illegally shorted or not. But since they have one of the best and most needed products- I am holding tight and if it gets cheap enough I will buy more. You ultimately need to decide but can you think of a more needed product with government contracts? And for the future this is needed not just in Iraq but pretty much anywhere where terrorists could strike. With modifications the this could have tons of security applications. IMO-DD-Best-Debi
Posted by tiagofreitas on :
Thank you guys for your replys
From what I´ve read I think as WWJD-thru-me said this stock should be back, it has to be
and if we look in the past week, it was rising slowly before the news let´s give them some time
Thanks again you all
Posted by tiagofreitas on :
quote:Originally posted by vado: WOW that's exactly what happens to me...
Mee too, don´t worry You´re not alone
Posted by user095263 on :
I really don't understand this one. Huge news- HUGE 15.3 million$ contract- and it tanks. However, that pesky 10QSB they released immediately following the great news also stated they don't have enough capital to manufacture the order. There was a small suggestion that they may need to dilute to raise capital.
In March it traded over .50 cents per share.
I think a bunch of us got stuck on that call, but I'm personally not selling. It'll bounce- it's a good company, and there's aneed in the military. Even when the troops are withdrawn they will still need vehicles to patrol, and these are the vehicles they're ordering, obviously.
So, my adive, FWIW, is to hold if you can afford to and wait for the upswing =) I belive it'll come soon enough. Kinda like my DRDF did today, and I had to hold that for a while... GL, ~BB
Posted by fjean on :
it will eventually go right back up sooner or later. In case you sell, invest in NIVM
let´s give them some time