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Re: CashMoneyCarl post# 61462

Thursday, 07/20/2017 1:57:10 PM

Thursday, July 20, 2017 1:57:10 PM

Post# of 63559
Sure it's speculative, you can never be 100% sure about anything. We are trading penny stocks after all. But if you rely only on the most "solid" facts readily available to the public, you miss out on the other 90% of stuff that actually changes the stock price day to day. It's probably a source of frustration for many that as company revenue increase, the stock price decreased. Even during the short time they were profitable there wasn't any meaningful accrual in shareholder value. What this means is that something else was causing the share price to decline. Ignoring those factors because you cannot hope to achieve 100% certainty has not thus far been a successful strategy.

So yes it was speculative for me to bet on a pump when I loaded up a few weeks ago on a stock I believe to be fundamentally garbage. But then the stock price went up 20% on heavy volume and no news. Guess I am just lucky.