After a great stock rise, like NOT's, common wisdom is to cash in your seed position, put it back in your pocket, then ride with 'free' shares.
I have not done this, not cashed in any. I can't bring myself to do this. I've examined this from many sides and keep coming to the same conclusion.
Generally this advice is true, sell your seed shares, especially with an average penny stock that has caught the market's fancy and may drift to earth quickly again... and also, this is good advice, if you have other equally promising or better investments waiting in the wind for that seed money, on which you can spread your risk.
But NOT is not your common penny stock.
What better stock is there to invest in right now? What stock has better prospects, more momentum, more promise, more attention?
If you take that seed money and invest in another stock.. is that because you believe the other stock will do better? I doubt it. I think probably this act is simply in response to a trading discipline that in this case needs to be the exception and NOT the rule.
If NOT falls, she wil NOT fall over night. If the story changes, there will be plenty of time to retreat and cash in. BUT the leverage power of one's initial investment is tremendous - and cannot be replaced once removed. Any NOT shares, I believe, should not be given up lightly.
With this unfolding story she may go MUCH HIGHER. IN fact, it looks more likely that she will then NOT. For me, I am not willing to give up that leverage UNLESS I have a REALLY GOOD REASON to do so.
If someone can come up with a scenario where I would be wrong in my logic, as it applies to this stock, I'd would love to hear it. In fact, I may need to hear it!
Until then, as MMN is fond of saying..
We shall see.
BK