DOCInvestor wrote: So obviously I had bought this at essentially an all-time low with that fear that I might have to eat some paper losses for a few months or longer before my investment paid dividends (as per my first post, I bought in at .57 cents)
However, I seemed to have got lucky and I caught the bottom...which really never happens to me, so it feels good, but I digress. Future price action.
I've watched and tracked and traded enough fledgling Venture stocks to know that the IPO price is like a threshold stimulus. The action potential (sorry for the stupid biology analogy) when you have a stock that recovers to its initial range is the psychological range that exceeds that IPO. You can play argue if it's a technical indicator or a sentiment indicator that will unleash the next level of this stock, but this is how I am playing it:
I sold at .75 cents, up 31% so far.
I have a new limit buy at 80 cents. I believe that is the threshold that will result in the next substantial move up.
If it dips below 65 cents in the interim, I will also buy.
I have no idea what the long long term of the company holds. It's an outstanding buy at this level and is a great entry point for anyone new. I'm just trying to be greedy asf and I've had such a good start I'm going to keep on going with it.