Just be ready for the long haul! Penny Stocks especially, even if they are promising, will still go through many traumas over their lifetimes!
A couple of my P-Stocks finally began to materialize after quite a few years! Nastech Pharmaceuticals, which I call a success, took 7-8 years before it made its name, and high point PPS, which rose to 23 dollars or so! While I bought it at 18 cents, I had other financial needs and sold out early! Funny thing is that I expected it to do well, but the money I needed at the time was almost exactly the amount it was at, so I sold it! Even when you have a promising stock, other factors play out! It is a tough and exciting field to work, especially when most will have to wait quite a long time to see any results, if at all! If the stock is in an exciting field, like a Mind control stock I bought, its Patent-Pending status, the product now being sold with some success, and the low price I paid for it, make it a hold for me! Many sold out early, as the O/S count went through 2.5 B. and another R/S on the way! Many look at present numbers of all kinds, but fail to really factor-in the successes already in place, and the future of the new field, which, in my case, is the BCI field, where my stock resides! To me, it is just as ridiculous to expect great numbers for any early stage P-Stock, as it is for the supporters to hold onto seemingly irrelevant features and accomplishments? If we find a new and promising field though, and have a service or product that seems to be doing some good, that is another reason for my willingness to hold IMO! So many hurdles to go yet, but there are hopes for a strong finish! Even a few of the less than precocious managers will eventually get a hold on a winning formula, as I am witnessing with my manager and his associates! They seem to be passionate about the product and the state of affairs, so that is another plus!
The naysayers may be right in the end, but that is the normal work-in-progress scenario for this and other penny Stocks! Then, most Co's have to rely on less than the best financing to survive, and are almost forced into the lenders position, with inexperienced management ready to almost sign their Co's away! Anything can go wrong at any time, and much is outside the control of owners and managers! It will take a lot of patience to hold, that's for sure!
I like HYSR because it is in a futurist field, with just a few competitors, but who are doing things their own way, and might not interfere with the vision of HYSR? It seems that Young is energetic and putting together a simple, but effective product, though it is still early too early to know how practical implementation will go, if it ever gets that far, though it looks promising if FC Cars make even a small dent on the market? Only time will tell? I intend to buy more shares in a few Days...
