I have had this stock for a couple of years now. I bought 200,000 shares at 0.005 cents. I have watched it go back up to 0.005 and drop down to 0.001. The current price is 0.003 - should I get out?
Hi BossJungle To answer that question properly it is necessary to know a lot more about the company than just what has happened to its share price. Good luck!
If that really is the price in cents and irrespective of what curency you are talking about I think you'll find that the dealing costs would be more than the value of the holding.
These shares cost you 10 dollars plus trading costs. The holding fell in value to 2 dollars and now is worth 6 dollars. Since your worst case scenario currently is a total loss of 6 dollars, you've nothing to lose by holding on to these shares and hoping they rise in value exponentially.
