RE: please please help me!!!"i bought 500 shares at $1.20...what should i do...thanks!"
First, try not to panic over a 50% loss of $600.
Secondly, there were 2 options to consider when you bought @ $1.20 ...
1. How much am I willing to lose?
2. If I am willing to lose the money, how long am I willing to wait to recoup the loss?
Sounds like you're in option number 2. So hang on to your $300 for another month or two and wait patiently.
IMHO,
Mr_S