You don't have to buy just oil drilling company. You can buy oil containing company, oil servicing company or do what I just did now. I bought oil tanker transportation shipping company like
DRYStaking a new position on this one and letting some failed one goes. Can't make money, gotta release and keep on moving and looking for that one hit wonder to recoup our money. Too many times, I have seen investors who are stuck with their losses and they continues to hold onto it for years. It is like their money is being trap and hoping for such company to do a U-turn for them. If you want to do this strategy, you have to buy more on the low low if you think such company has a future. I see people gripping at holding the bags at $11 a share when I got it for $1 a share. Even though I took a loss, it is not as bad of a loss as the guy who is holding the bigger bag.
Drys, my next investment of another yet 2.2 billion dollars revenue company who shares I believed is undervalued. A penny stock with 2.2 billion dollars revenue company? Sign me up and sell me more.
In at 0.83 and looking for her to hit $1 or she will be delisted. I loved them stocks that dances around the $1 and under range. Although I may not be fully correct but from looking at other stocks like
Hero and my
nymx, they are or will be moving pass the $1 marker soon. If they are able to do so, you make a profit for buying at the low low or at the rock bottom pricing. So sick and tired of holding onto a bag where it is in the red day in and day out. Stock market isn't easy business but we are trying. May cost a fortune to try though but hey, at least we are trying. I pay for my education.