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Monday, June 02, 2014 10:14:20 AM
This is an endless circle that never completes. "When this happens then that will happen". Problem is "this" never happens. And while one focuses on "this" the share price falls out from under them. Then, once any kind of realization sets in, the loss is so crippling that it's pointless to sell.
Welcome to penny stock 101. Buying and holding into a total loss while being mislead into believing that greatness is "coming soon" is how these companies exist. It minimizes selling competition from dissatisfied longs and ensures insiders/funders have sole access to new marks and volume created by press releases. Not only that, but old marks keep on buying all the way to zero.
This is not the NASDAQ, you can never utilize press releases or the word of a CEO. You go strictly by results if you want to invest long term or you play the swigs and scalp a few people along with the funders when they pull a quick pump and dump.
Welcome to penny stock 101. Buying and holding into a total loss while being mislead into believing that greatness is "coming soon" is how these companies exist. It minimizes selling competition from dissatisfied longs and ensures insiders/funders have sole access to new marks and volume created by press releases. Not only that, but old marks keep on buying all the way to zero.
This is not the NASDAQ, you can never utilize press releases or the word of a CEO. You go strictly by results if you want to invest long term or you play the swigs and scalp a few people along with the funders when they pull a quick pump and dump.
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