I have been looking into one stock. Signature Devices (SDVI), well the only reason i started looking into SDVI was because i got spammed on it. (See Spamming does work) Anyway, at the time it was at $0.45 after a couple days research it went up to $0.55 and then again to $0.59 and by the time i bought my first share it was back down at $0.50. I know what you’re thinking, “thats only fifty cents, why bother?” well why not? its my first trade and i dont know what im doing so the loss is minimal. well turns out i didnt buy just one share i bought 2500. i was excited and pumped i was sure this stock was going to go up and up. Everything i read showed it was going up and that i had made the right decision.
All of that took place back in May, its not august and SDVI is now worth $0.16, if thats not disappointing then i dont know what is. My first trade, my first loss; oh how exciting the stock market is. However i am still confident that it will go back up. I recently read they are filing to get out of the pink sheets and registered on the Nasdaq. If this is the case, and my understanding is correct, theyre stock will go up to atleast $1.00 doubling my money. Its a good thing i didnt want to sell the stock.
As of now though, i guess ill have to be patient to see if the stock does anything or goes anywhere. until next time.