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That's alright. I thought I was talking with intelligent, like minded people about how to handle subpenny stocks but I guess not. Who in the hell cares how much money you lose playing subpenny land. When you finally lose everything you've got thinking you were in the right stock THEN we can talk.
Good for you but don't be telling me to keep my mouth shut while I'm handing out good advice. I'm not telling anyone anything that shouldn't be told. I've been in enough of these subpenny stocks to know what the hell I'm talking about. Don't fall in love in subpenny land and lose your ass the way I did is all I'm saying. Most of these CEOs only care about making their money off shareholders who put their hard-earned money into their crappy stocks. I'm not saying that Profitable Developments is a crappy stock but you never know until you lose everything thinking you've got a winner.
No sir, what I said applies only to subpenny land. This is why most people don't invest in these subpenny companies. To accept the facts you need to be down here investing in these subpenny companies for quite a long time in order to see more clearly what I'm saying. Some people can be partisan when they are so bullish in their investment. I invested in these subpenny companies for 7+ years and losing my ass too much before someone came along and told me how the game is played. I'm nonpartisan because I have no skin in this game. I don't fall in love with these companies like some of you have.
Not to confuse anyone here on this board what I'm saying about subpenny stocks, but I'm saying that CEOs of subpenny stocks like to use their stocks as a penny bank to enrich themselves AND they dilute the heck out of their stocks bringing the stock down to .0001 leaving most investors unimpressed to invest in the company stock. The diluting process occurs for many reasons and one of the biggest happens to be in order to pay the CEO his salary out of the stock. A RS usually takes place to bring the pps back up to reasonable levels to entice most investors to invest in the company once again. This is usually a never ending process with the CEO because that's what the stock is only good for to enrich the CEO pretty much and that's it. Again, I don't know Profitable Developments to know what this CEO is thinking but that 90% to 95% of the CEOs of subpenny stocks do this.
90% to 95% of these subpenny companies won't make it. The biggest problem with subpenny stocks is dilution. Not saying that this stock is diluting because I don't know this company, but there are many, many subpenny companies that dilute the heck out of their stock leaving the shareholders with nothing. This is why many subpenny stocks go to .0001 because of dilution. But I've said my peace here and now it's up everyone else to listen or not.
I'll get back into this shortly but right now it's still bearish.
The best way to play these subpenny stocks is to buy when it's going up and sell before it goes down. NEVER, EVER fall in love with these subpenny companies...the CEO makes a penny bank out of these stocks to pay themselves and leaving the shareholders with nothing. I was in subpenny stocks for 7+ years and mostly lost my ass. I had to get wise and thought about how the games are played before I stopped losing and started gaining my money back. The best way is to not invest long term but only short term and then once you've made your money off this stock, move onto the next play. Hardly no one will listen to what I'm saying but I hope a few will. Just my 2 cents here.
I bought shares this morning.
Hey, by all means stick with the company, but as for me I no longer believe the crap being dished out by any CEO in subpenny land. In subpenny land there is a huge risk of losing your ass and also why 95% of investors stay away from these stocks. I just flip them one day and move onto the next flip.
I agree. There are problems with most of these subpenny companies. 90% to 95% of these companies will not make it because of the shady deals these CEOs do and they leave the shareholders holding the bag. My suggestion for those who don't want to lose their hard-earned money is just flip these stocks and if you don't want to do that then invest in companies that have already proven themselves and are trading much higher than subpenny land.
And I appreciate that...my problem is that I have been in so many companies where the CEO made a penny bank out of the stock and left the shareholders with nothing and I lost my ass on most of the plays I was in because of it. I vowed to myself just to flip them from hereon and that's it.
See, this is why I only flip these stocks and never invest long term. This stock has been on a downward trend over the past year and I'm sure you've had enough news to make this stock go up to a $1 IF it's going to. Just my thought about this stock/company. You all do what you want but I got tired in believing in companies where the CEO made a penny bank out of the stock and left the shareholders with nothing.
The reason I just flip stocks is because for many years I fell in love with companies only to get burned and lost on most I invested in long term. I decided to no longer invest long term but just to flip now and I have been making better money just flipping than going long term. That's just the way I am now.
I don't fall in love with the companies, I just flip but let's see what happens.
Just bought in some shares here so let's see what happens.
Thanks for the heads up. We'll have to see how AITX trades tomorrow. I may get back into this tomorrow don't know yet.
This was just your regular pump and dump today. People took their profits. Let's see what happens at closing and the start for tomorrow's trading.
Look, I have been in these stocks before for 7+ years and NEVER does anything good become of it. I fell in love with many of the stocks that I invested long term and I lost my ass on most of them until I started learning to trade them for what they are -- just a pump and dump. 90% to 95% of these subpenny stocks go nowhere. But you do what you want. If you can break even at .02 do it and then get the heck out and start trading these as a flip. You will make a heck of lot more money just flipping these than you will trading them for long term. Anyway, just my 2 cents here.
I have looked at the long term growth on barchart.com and this stock doesn't have it. The chart shows this stock has been headed on the downward trend over the past year and NEVER up. This isn't a good indication of company growth. Oh well, it's a good flip anyway.
OK, I'm in this on Monday...it looks good for the run up.
Don't worry, the guys that pump and dump stocks will make this go up and then it will come back down again. Everyone wants to make a profit even if it is for a short time.
Dang, volume has certainly dried up. We'll have to see what Monday holds for trading here.
How high do you guys think this will go?
Lol, so true and I'll be waiting.
No it wasn't and that's why I sold all my shares. I'm waiting for when it's really bottom.
I do have a plan. I'll be watching this one to see what happens.
I will say I'll keep this stock on my radar because it could move shortly with enough buyers coming in to keep it from stagnating.
Dude, I only use small change...around $200 is my buy-in. I lost some of that leaving that dead stock. Lol. Thanks for caring.
I went ahead and sold...moving on to something else.
Yeah, I noticed this when I bought here. I may have to get out of this one.
I'm here only for a flip. I've tried doing all this long term and it didn't work out. To each his/her own. I was in these for 7+ years and mostly lost my ass and promised myself things would change. 90% to 95% of the subpenny stocks are scams and I found that out the hard way...never again.
I bought shares into this yesterday thinking this will go bullish. Looked at all the technicals on the chart and everything seems ripe for this to turn bullish but nothing is definite yet...hoping I'm right. Let's see what the pps does today.
No, I've decided to flip these subpenny stocks. I trade short term and only invest for a good flip. Sorry. 90% to 95% of these stocks I feel are scams. I've traded many, many of these over several years and fell in love with them and mostly lost my ass.
I sold everything and waiting til this DOES hit bottom. I should have waited for the signals to come together to actually buy in and I didn't. My bad.
I'm waiting for this to reach bottom before buying anymore.
I totally agree and had I done that from the beginning I would be better off now.
OK, thanks I'll take a listen to that.
I just bought some shares here.
So what's the news on this one and why the move up???
OK, thanks for the heads up. I'll take a look at both of those.