Monday, March 3, 2008

GOGB: Slow Cashout

Over the past three weeks, I've been slowly selling off blocks of GOGB shares. I'd have preferred to sell them all at once, but volume has been extremely low as trades were taking place at well above the stock's objective value. That's one of the hazards of investing in penny stocks, especially the triple-zero ones.


In the end, I've sold off half of my holdings at an average profit of 200% (tripling my investment), but had to pay four commissions instead of one.

Since I have faith in the company's long-term prospects, I'll retain the other portion, in hopes that the company takes off for legitimate reasons.

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