I bought 240 shares of prw at 1.82, what do I do now? What will the stock do in the next month do you think?

Answer 1

might as well hold it.....looks like it's just taking a breather before heading higher......but you don't want to hold this very long....sell into strength.....sometimes takes a couple of weeks for these kind of runs to reach their highest point, sometimes they're done in 3 days......one thing in your favor is it's reasonably low float of 20mm shares.

Answer 2

I seem to recall a similar question yesterday. Was that you? Yes, it was. What did I tell you then? Do you recall? The company is in my opinion a flim-flam operation. Look at the executive salaries. Look at the administration expenses. The executives are bleeding the company dry. When all the money is gone they will be gone and you will be left holding the bag. At the moment the bag is a little more than half full. You can dump the half on someone else at the moment. I would personally take advantage of that opportunity.

Answer 3

sounds to me like you are paying for your investment education, like most new investors do, buying stock, on a tip and having no idea about the company, it's markets, it's market cycles, it's financial health, etc.

Hope next time you learn BEFORE you invest.
Start with a balanced Mutual fund for good diversification, low risk, low volitility, Do it through your bank.

If this PRW is your only stock it is extremely risky.
A wise man once told me, you can buy the best blue chip stock in the world, but if that is your only stock, you have a risky portfolio.

If that is the case, what would a one only junk stock make the portfolio.?

Answer 4

All of Pro-Pharmaceuticals' product candidates are in the development stage with one, DAVANAT, in Phase II clinical trials.
That means they are many years away from making a profit. The first responder assumed this was your only holding. If it is, I agree with the need to diversify more. If you are diversified with a core holding, and this is only a tiny part of your overall portfolio, bought with "gambling" money, then its ok, but its going to take a lot longer than one month to make any money.

Answer 5

Why would you only invest ($1.82X240) $436.80 at a time? The commission on that must be killing you.

Sell limit order at $1.30. Then, take the money and put it all in VGT (or similar etf) and forget about it for a year. You'll loose your shirt if you're not diversified.

Answer 6

I think your ok it should go back up from my anylis. My question is why did you buy it for the top price when every one was selling the selling volume is going down so it will turn around soon.