Should I sell?? 1,118.75% gain!!

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pennylane
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Should I sell?? 1,118.75% gain!!

Post by pennylane » Thu Dec 06, 2018 11:16 am

Hey everyone, a few years back I dabbled in penny stocks and foolishly bought some terrible stocks that. 7 years later I only buy index funds but in my old scottrade account I had $8 worth of stock that I purchased for $133. I never sold them because it wasn’t worth selling over $8 and plus the commission would of net zeroed it out.

I log in today and see that my position has gone up and the stock that was once worth $8 is now worth $1,624.99.

Should I sell or just ride it out?

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Meg77
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Re: Should I sell?? 1,118.75% gain!!

Post by Meg77 » Thu Dec 06, 2018 11:19 am

Um, yes. Sell it and consider it a little holiday gift to yourself. You got lucky; and you clearly don't follow the stock as you were shocked to find the value had soared. Sell and move on! :)
"An investment in knowledge pays the best interest." - Benjamin Franklin

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greg24
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Re: Should I sell?? 1,118.75% gain!!

Post by greg24 » Thu Dec 06, 2018 11:19 am

SELL!!!!

Nate79
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Re: Should I sell?? 1,118.75% gain!!

Post by Nate79 » Thu Dec 06, 2018 11:20 am

pennylane wrote:
Thu Dec 06, 2018 11:16 am
Hey everyone, a few years back I dabbled in penny stocks and foolishly bought some terrible stocks that. 7 years later I only buy index funds but in my old scottrade account I had $8 worth of stock that I purchased for $133. I never sold them because it wasn’t worth selling over $8 and plus the commission would of net zeroed it out.

I log in today and see that my position has gone up and the stock that was once worth $8 is now worth $1,624.99.

Should I sell or just ride it out?
Would you buy the stock today at today's price? If not I would sell. Of course consider tax implication but unless it is a stock you think you should hold I would sell.

pennylane
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Re: Should I sell?? 1,118.75% gain!!

Post by pennylane » Thu Dec 06, 2018 11:24 am

Nate79 wrote:
Thu Dec 06, 2018 11:20 am
pennylane wrote:
Thu Dec 06, 2018 11:16 am
Hey everyone, a few years back I dabbled in penny stocks and foolishly bought some terrible stocks that. 7 years later I only buy index funds but in my old scottrade account I had $8 worth of stock that I purchased for $133. I never sold them because it wasn’t worth selling over $8 and plus the commission would of net zeroed it out.

I log in today and see that my position has gone up and the stock that was once worth $8 is now worth $1,624.99.

Should I sell or just ride it out?
Would you buy the stock today at today's price? If not I would sell. Of course consider tax implication but unless it is a stock you think you should hold I would sell.
I would not. I also would feel like a bonehead if the stock 10x'd

Darth Xanadu
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Re: Should I sell?? 1,118.75% gain!!

Post by Darth Xanadu » Thu Dec 06, 2018 11:29 am

Sell $1k-$1.2k, keep the rest?
"A courageous teacher, failure is."

Jags4186
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Re: Should I sell?? 1,118.75% gain!!

Post by Jags4186 » Thu Dec 06, 2018 11:33 am

pennylane wrote:
Thu Dec 06, 2018 11:24 am
Nate79 wrote:
Thu Dec 06, 2018 11:20 am
pennylane wrote:
Thu Dec 06, 2018 11:16 am
Hey everyone, a few years back I dabbled in penny stocks and foolishly bought some terrible stocks that. 7 years later I only buy index funds but in my old scottrade account I had $8 worth of stock that I purchased for $133. I never sold them because it wasn’t worth selling over $8 and plus the commission would of net zeroed it out.

I log in today and see that my position has gone up and the stock that was once worth $8 is now worth $1,624.99.

Should I sell or just ride it out?
Would you buy the stock today at today's price? If not I would sell. Of course consider tax implication but unless it is a stock you think you should hold I would sell.
I would not. I also would feel like a bonehead if the stock 10x'd
The stock already 10xed.

GoldenFinch
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Re: Should I sell?? 1,118.75% gain!!

Post by GoldenFinch » Thu Dec 06, 2018 11:35 am

Sell and don’t look back (at the stock).

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Raymond
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Re: Should I sell?? 1,118.75% gain!!

Post by Raymond » Thu Dec 06, 2018 11:35 am

If you sell, don't spend all the money in one place :D

If only you'd bought <Dr. Evil pinky finger to lips> ONE MILLION DOLLARS of the stock back in the day.
"Ritter, Tod und Teufel"

pennylane
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Re: Should I sell?? 1,118.75% gain!!

Post by pennylane » Thu Dec 06, 2018 11:45 am

Raymond wrote:
Thu Dec 06, 2018 11:35 am
If you sell, don't spend all the money in one place :D

If only you'd bought <Dr. Evil pinky finger to lips> ONE MILLION DOLLARS of the stock back in the day.
I really would only need to have bought $10,000 of this stock at its low of when my position went down to $8. Of course I would never do today.

KlangFool
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Re: Should I sell?? 1,118.75% gain!!

Post by KlangFool » Thu Dec 06, 2018 11:49 am

pennylane wrote:
Thu Dec 06, 2018 11:16 am
Hey everyone, a few years back I dabbled in penny stocks and foolishly bought some terrible stocks that. 7 years later I only buy index funds but in my old scottrade account I had $8 worth of stock that I purchased for $133. I never sold them because it wasn’t worth selling over $8 and plus the commission would of net zeroed it out.

I log in today and see that my position has gone up and the stock that was once worth $8 is now worth $1,624.99.

Should I sell or just ride it out?
Sell half and keep half.

KlangFool

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happymob
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Re: Should I sell?? 1,118.75% gain!!

Post by happymob » Thu Dec 06, 2018 11:52 am

Darth Xanadu wrote:
Thu Dec 06, 2018 11:29 am
Sell $1k-$1.2k, keep the rest?
I get that idea if you are really into the stock (cover the cost basis and let the rest ride), but the OP basically abandoned this account. There's no real attachment. Sell it. Close the account. Pay the taxes (or offset it with capital losses).

AJS
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Re: Should I sell?? 1,118.75% gain!!

Post by AJS » Thu Dec 06, 2018 12:14 pm

I would only sell if $1,600 is meaningful to you. If not, just keep the stock but keep a closer eye on it so you can sell it when you're ready. I would assume your not ready now if you're asking the question here.
The sea was angry that day my friends...

aristotelian
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Re: Should I sell?? 1,118.75% gain!!

Post by aristotelian » Thu Dec 06, 2018 12:21 pm

Darth Xanadu wrote:
Thu Dec 06, 2018 11:29 am
Sell $1k-$1.2k, keep the rest?
Better yet, reinvest the gains in some more penny stocks. It already worked once!

Smoke
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Re: Should I sell?? 1,118.75% gain!!

Post by Smoke » Thu Dec 06, 2018 12:23 pm

In reality it's such a small initial cost for the investment, I would just let it ride.

pennylane
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Re: Should I sell?? 1,118.75% gain!!

Post by pennylane » Fri Dec 07, 2018 9:07 am

Thank you everyone for your input. I ended up selling and taking the money as an early Christmas present.

I asked myself if I would buy this stock at the current stock and my answer was NO. Therefore, I'm taking my money!

I am still in absolute shock that my once $8 position turned into $1500+

pop77
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Re: Should I sell?? 1,118.75% gain!!

Post by pop77 » Fri Dec 07, 2018 9:14 am

It is too late now, but in such situations, I typically try to sell it to the worth of the original investment + 7% return p.a. In your case it would be 133*1.07^10 . Let the remaining ride. If it does not pan out at least I get the money equivalent of a stock index return. If it does :sharebeer

Flyer24
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Re: Should I sell?? 1,118.75% gain!!

Post by Flyer24 » Fri Dec 07, 2018 9:16 am

pennylane wrote:
Fri Dec 07, 2018 9:07 am
Thank you everyone for your input. I ended up selling and taking the money as an early Christmas present.

I asked myself if I would buy this stock at the current stock and my answer was NO. Therefore, I'm taking my money!

I am still in absolute shock that my once $8 position turned into $1500+
Smart move. You hit a lucky pick. I would have taken the profits too. It is just like hitting it big at the casino. You walk away before it disappears.

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sperry8
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Re: Should I sell?? 1,118.75% gain!!

Post by sperry8 » Fri Dec 07, 2018 9:17 am

pennylane wrote:
Thu Dec 06, 2018 11:24 am
Nate79 wrote:
Thu Dec 06, 2018 11:20 am
pennylane wrote:
Thu Dec 06, 2018 11:16 am
Hey everyone, a few years back I dabbled in penny stocks and foolishly bought some terrible stocks that. 7 years later I only buy index funds but in my old scottrade account I had $8 worth of stock that I purchased for $133. I never sold them because it wasn’t worth selling over $8 and plus the commission would of net zeroed it out.

I log in today and see that my position has gone up and the stock that was once worth $8 is now worth $1,624.99.

Should I sell or just ride it out?
Would you buy the stock today at today's price? If not I would sell. Of course consider tax implication but unless it is a stock you think you should hold I would sell.
I would not. I also would feel like a bonehead if the stock 10x'd
You'll never be unhappy with cash in your pocket. You will be unhappy if it goes right back down to pennies. I'd sell. Or as another poster mentioned, at least sell 1/2 or 2/3 and let the rest ride. I mean, what return are you looking for? 1000% is pretty good. Was it your intention to get 3000%? :shock:
Humbling BH contest results: 2017: #516 of 647 | 2016: #121 of 610 | 2015: #18 of 552 | 2014: #225 of 503 | 2013: #383 of 433 | 2012: #366 of 410 | 2011: #113 of 369 | 2010: #53 of 282

z3r0c00l
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Re: Should I sell?? 1,118.75% gain!!

Post by z3r0c00l » Fri Dec 07, 2018 9:42 am

That would be infuriating! (To have barely missed out on a small fortune.) But anything is something, I would sell right away.

pennylane
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Re: Should I sell?? 1,118.75% gain!!

Post by pennylane » Fri Dec 07, 2018 9:49 am

pop77 wrote:
Fri Dec 07, 2018 9:14 am
It is too late now, but in such situations, I typically try to sell it to the worth of the original investment + 7% return p.a. In your case it would be 133*1.07^10 . Let the remaining ride. If it does not pan out at least I get the money equivalent of a stock index return. If it does :sharebeer
i thought about this but then I would be getting average returns for above average risk. So i took my above average return for my above average risk :mrgreen:

z91
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Re: Should I sell?? 1,118.75% gain!!

Post by z91 » Fri Dec 07, 2018 11:31 am

I may have missed it, but what stock was this, out of curiosity?

Elena
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Re: Should I sell?? 1,118.75% gain!!

Post by Elena » Fri Dec 07, 2018 12:25 pm

I am going to be cute:
Sell it all except for $8 worth.

theplayer11
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Re: Should I sell?? 1,118.75% gain!!

Post by theplayer11 » Fri Dec 07, 2018 12:29 pm

put in a stop loss at $1,200....but I would research and figure out what is going on with the company first.

pennylane
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Re: Should I sell?? 1,118.75% gain!!

Post by pennylane » Fri Dec 07, 2018 3:32 pm

z91 wrote:
Fri Dec 07, 2018 11:31 am
I may have missed it, but what stock was this, out of curiosity?
NHPI

wbrianwhite
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Re: Should I sell?? 1,118.75% gain!!

Post by wbrianwhite » Sat Dec 08, 2018 4:03 pm

I had to look it up. In the 1 year chart, this skyrockets out of nowhere. In the 5 year chart it's starting to get back some of its previous value. In the max chart it's obvious this is near 0 after it's high

MotoTrojan
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Re: Should I sell?? 1,118.75% gain!!

Post by MotoTrojan » Sat Dec 08, 2018 4:21 pm

wbrianwhite wrote:
Sat Dec 08, 2018 4:03 pm
I had to look it up. In the 1 year chart, this skyrockets out of nowhere. In the 5 year chart it's starting to get back some of its previous value. In the max chart it's obvious this is near 0 after it's high
Wow. Google rounds it to a 100% loss from it's all-time high.

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