RE:RE:RE:RE:Flipping stockGood info. That makes sense. But I know if I try and take some profits the next time it's at 30 cents the stock will skyrocket and never look back and I will be out of it.
I tried that a few times years ago. I flipped one uranium stock ( 75,000 shares) and thought I did great at 60 cents when I was in at 40 cents and it took off like a rocket the next day and three weeks later was at $4.60.
Do the math. I tossed away $345,000. But oh yeah, I made $1500 on the flip.
Talk about an expensive lesson. I waited and waited for that stock to come back down but all it did was go up, up, up.