To each their own, if everyone saw things the same way as I did then there wouldn't be the amazing opportunities that sometimes arise in the penny world. I've been trading now going on 12 years and understand the dos and don'ts as well as the risks vs the rewards. You are making a blanket statement about penny stocks which is often true but not always true, and in my experience the real money is made when you hold onto a solid undervalued play and ride the wave for 100s and 1000s of %, though there's also perfectly fine strategies for smaller flips too. To each their own, like I said. And I'm not treating this like a big board buy and hold for retirement, but my strategy is to find the swing trades that I can ride for much larger than small flips. USRM was a perfect example from earlier this year. Anyone flipping that for small potatoes and never expecting it to turn into the 50 bagger it ended up being probably are kicking themselves.
You can call my strategy bad and it won't hurt my feelings, but I'm also the one who does this for a living, works maybe 4 hours a day from home, and spends the rest of the day enjoying life on my terms without stressing about the bills. I don't pay the bills flipping for small potatoes, I try to find gems and turn them into 6 figure paydays. All I need is one or two a year and I'm having a very successful year. USRM was number one for me and imo CETY is number two. Of course there's a perfectly fine chance that it does dip more still and test the 200, my average is in the 00s and I've taken profits in the past 2 months. I understand the risks and know that I can't win em all. However I do think this is indeed a gem and I do think we're incredibly close to the next leg up, which will reveal just how much upside there is here and why it's been accumulated so heavily. I think you're sleeping on the potential here but I don't expect everyone to see it my way, in fact if everyone did than the USRM type of potential runners wouldn't exist. This is actually the perfect scenario I like to see. Immensely strong signals screaming at me yet a relatively quiet message board indicating just how under the radar the play is. Reason being is that if you have too many bulls right away, there are less potential bulls down the line to be converted into buyers who push the price to higher and higher levels. I love to see a gem like this being slept on, my strategy is just to stay patient and buy when I believe it's cheap. You said you're still holding a core position so that much I can agree with and am doing the same thing, the only difference is I reloaded my +02s I sold down here in the mid 01s, I thought that was a good enough dip but I'm not opposed to buying more closer to the 200 either.. just don't expect that to happen. It's holding up way stronger than most penny stocks do after such a nice move from the mid 00s.
No disrespect meant, I just enjoy a good debate while I wait for my next payday. I do hope you're still holding a bunch of shares when this goes on it's next leg up because the momentum will explode when the glass ceiling at 019 - 02 and 027 are taken out.
