One of the BIGGEST problems I have with small cap stocks....especially microcap issues...is their volatility. That is a good reason in itself to avoid them entirely....or at least be AWARE of this.
Anyhow, instead of beating around the bush, let me let you know that I just BAILED OUT of my ECHO this morning....just bought it YESTERDAY (yikes) at a price of $9.931. I had a cost basis of $12.03 for the 200 shares...when I sold it, my account said I was down 17% on the shares...and you know I have that 8% rule...so regardless of whether it bounces right back in the next 15 minutes....out it went.
Oh well, back to 24 positions. You know what that means....I can look for #25. That is ALWAYS the good news for me!
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