Anyone who has invested in penny stocks has done it before. You look through your account and find a stock you had bought many moons ago, a stock that has done nothing but take up room on your account positions page. Finally you decide to sell, maybe because the stock brings back bad memories, or to free up some spare cash, no sense holding onto it.... or is there?
Last month "some unlucky soul" sold 210,000 shares of SBRH at $.0006. The price was the best offer at the time and that "unlucky soul" decided he had enough of holding SBRH. He just wanted to get rid of it, at least that is the way I see it. Today that unlucky soul is either hanging from a noose or drowning his sorrows somewhere. On Monday SBRH hit a high of $.219 and those $126 worth of SBRH shares at that price are valued at $45,990.
The lesson here: you might want to re-think selling off your dormant stock holdings. They may one day offer a return far greater than you ever expected.
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3 comments:
SBRH made me some insane $$$ today, and its gonna keep on rolling for the rest of the week. 50% short position and we are up +500%. When they cover, along with the momentum we already have, we are going to be in the dollars. Finally my first pennies --> dollars stock!
thats the exact mentality that will get you to hold your shares...
then in a few months YOU WILL be the one selling at .0006
you have to play these things as they MOVE. You never want to be sitting on one of these for a long period of time simply because the majority of them do not do anything
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