This "low float" that you keep mentioning is great - as long as your on the side of good news. Let's just say the entire marijuana sector starts to fall due to something like political opposition... Yes Lifelloc will probably fall in percentage about the same as the average marijuana stock. But now let's say Lifeloc reports their annual earnings report in March, and in that report they state something like they continue to be confronted with challenges in the development of their marijuana breathalyzer - and may feasibly be able to bring one to market. Now what happens with this low float stock...? That's right - it could lose 50% , 75%, of it's value in a matter of minutes... Just like it did about a month ago when it went from $20 to $9 in minutes - with no bad news at all.
You could get the same results by putting it all on red, or all on black.
I would bet that Lifeloc, in the near future, will probably regret ever attempting to get into the cannabis market and being designated as a "marijuana stock." Just my opinion.
I still own shares, but unfortunately, I can't sell them - because there's no volume, and no one wants to buy them.... So if you are contimplating buying this stock, just know what you are getting into before you pull the trigger.- and know that you may have to hold those shares for a long time. As the market continues to hit new highs almost daily, my money sits stagnated in this stock - when I could be trading with all of the liquid market movers. Fortunately, I'm not all in on this, and continue to hope we see a bounce on some kind of stimulus - so I can formulate some kind of exit plan. Until then....
