Sinking With the Ship or Taking Off…

I bought my smallest share ever of a company ($387 worth) of Superconductor Technologies (SCON) a short while back as an experiment. The exeriment was to catch a short term gain after a large breakout in price. I caught a short gain, then it fell. I was going to sell but I liked the company, although the charts didn’t look good.

I roughed out a -40% loss for 2 months, and finally today the stock rose +33.72%. The headlines aren’t saying what caused this massive 3 hour increase in price, but it looks like I may actually get my money back and then some. The only reason I accepted such a high loss was because of my limited amount of exposure, unfortunately when the stock goes up, this small exposure doesn’t make me much $$$…but hey, at least I won’t be losing any!