So what happens now that I have a penny stock (ON2 )which traded at .40 cents, and is bought by Google?
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[...] So what happens now that I have a penny stock (ON2 )which traded … [...]
It will go up
or down
Hello,
Hopefully you bought for around that price, it is being converted share for share for each share of ON2 you have you get $0.60 worth of google stock, it is still subject to ON2 shareholder approval. Doesn’t sound like it is absolutely finalized For full details visit news release on companies website.
http://www.on2.com/index.php?id=472&news_id=681
ON2 closed at .5822. That is a decent little profit. I am not a financial advisor so take my answer as personal opinion. That being said, as an independent professional investor I would cash out half of it. That locks in a profit. Then wait. If the stock goes down 10% I would unload more to lock in more profit. If it goes up 20% more I would cash out more for a profit, etc.
It is important to always lock in a profit. Getting greedy is what causes 95% of traders to never be in a NET profit.
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