So you invested $40k to make $500...wow...you must be a cheap bastard! LOL! But I guess it's better to earn few bucks than nothing. But if stock has good news coming out, I wouldn't sell before the news (unless of course it's earning report).
I own stocks and option calls for Sprint. I'm keeping my stocks but selling options when there is a big spike. I see Sprint go to $6 when the phone gets launched.
It's kind of weird that you would make an investment decision based on TV show clown. To each his own...i guess..lol!