Stock Question

[Ndfan]

I don't know much about investing in penny stocks, a buddy of mine told me to buy stock in a company called versant(vsnt). I bought it at 2.47 and is now trading at 0.75. He is a very solid investor, who invests in a lot of small cap stocks, and says this is still one of his favorite stocks. Can anyone give me an opinion on this stock, because im leaning toward buying some more. This guy has givin me two solid winners in cnty, and vsty. So I'm wondering about Vsnt.

 

[selkirk]

Ndfan when I lose money on a stock I do not dollar cost average down, especially on a specualation. if you lose more than 50% on a stock you have to make sure you still understand why you invested in the stock.

also would you buy the stock .75 over any other small caps.

I wish you the best on the stock, they have lost money the past three years, but it does look as if the losses are getting smaller.

I may hold a spec stock that tanks but I never dollar cost on a losing position, just a rule....always follow.

if you do invest make sure you know the story and why the stock will make a run.

thanks
selkirk