RE:Do not buy the dip with penny stocks!!!Bu11ish0NG0ld wrote:
Through my own personal experience of 10+ years of trying to find the 10, 15 or 100 bagger is that you do not ever buy the dip with penny stocks You can lose 5, 10, 25 or 33% a day and it's not worth it. Either you hold strong with what you got from your earlier investment or sell out and watch like one of the posters did...
So either the investment is worth risking your money on or it isn't?
As silly as that sounds, that's exactly what that statement means.
Every day when you wake up with money invested in stocks, you have the option to leave it in, or sell. Leaving it in is exactly the same as buying, because by virtue of not selling, you are "buying" by having your money stay in there. It's your money, regardless of how much Up or Down it has gone. It's YOUR money. Leave it in...you're buying....Sell it, you're selling.
To say one should not buy dips is not different than saying one should not buy, period. If one should not buy, then it's not worthy of investment. If it's not worthy of investement, one should then sell.
It's really silly to tell one person, "hold on to what you have in there," while simultaneously telling the person next to them , "you should not buy."
You are, in effect, telling two people to do exactly opposite things at the very same time.