Petel - Dump

Petel Incorporate has finally worn out my patience. I made a tidy profit earlier this year and sold about half my shares to lock it in ... and a good thing too, as the price has been headed south ever since. Here's what I've made on the remainder:


While I took a loss on those shares, I made a profit overall - earning $993.75 ($825 in January, $168.75 today) on a $540 investment. I do wish the company would have done better, but maybe that's just greed.

This only underscores the importance of taking profit when you can, rather than holding out in hopes that a company will continue to grow. The latter may be a good idea for blue-chip investments, but this is the pink sheets, and the rules are totally different.