AL,
I have the spasms. I bought 1/2 my fancamp at $1.97 and 1/2 at $1.87. I also own UC, Spider, Probe, Macdonald's, and of course my dear NOT. I have been long not since $.61 and added from $3.25 to $5.71.
My plan is let it all ride and hopefully a couple will hit big. I just do not have the skill for major trading. Obviously I had to sell something to add to my NOT and make the area plays since I am retired with little guaranteed income, but I never buy thinking short term trades.
I do like your plan to sell when the price doubles, a great plan indeed. I hope you can execute it cause if you do it will erase what would be a losing trade for me if I sell