OTCPK:SPLID - Post by User
Comment by
old_dogon Feb 12, 2021 12:23pm
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Post# 32553179
RE:RE:Messed up it was 40%
RE:RE:Messed up it was 40%Nothing wrong with that.
Investing over the last 40 years has changed, back in the day you got news that was delayed or outdated and you really had to be at the exchange floor to know what was going on. Today your on the floor every minute of the day and that has changed the way people (A) look at investing and (B) make decisions based on their views. Everyone wants that double every week....EVERY WEEK...it doesn't happen....but you can buy a stock that doubles and doubles over TIME......a 2 cent or a 5 cent stock has very little downside and the POTENTIAL for a lot of updside. and Yes it can go both ways. The real issue is not the stock in most cases it's the investor. Today people PANIC and they panic really fast and the next thing the underwear is wet and full and the sell button gets hit.....minutes later after a trip to get cleaned up and the anxiety is gone they return to the computer screen that not only did it return to the previous open but has jumped ap 5% or 10%...but they took a 10% haircut. This also fits in with how long you hold a stock...people figure if the stock is stuck in it's price it's time to bail..."OH WAIT....Bought it on one day at X$'s....3 days later it's still at X$'s....so I'll sell.....4 weeks later it's up 235%......IF ONLY I HAD WAITED!!!!!.....
Many years ago GEAC Computer warrants were sold on the market for 1 cent a piece....MIllions...I mean MILLIONS...10 to 25 million....they had 30 days left before expiring....2 days later they were at $1.00.....I bought in at $2.35....by the end of the week they were at at 4.80...I sold at 3.75.......
I can only imagine what was going through someone's mind after a week and they had sold them for a cent.
STAY LONG......GET MORE BAGS
old_dog