Sunday, February 03, 2019 10:45:58 AM
The company could very well be undervalued right now, but the pps has been walked down to these low levels, due to lack of interest, liquidity, communication and awareness.
My problem is with folks who think that investing long term is the only viable strategy, and that some how trading, or looking for signs of potential movement in the shorter term is some how bad.
I mean, if your investment strategy is to buy penny stocks and hold them for years, waiting for them to become the next GOOGL or AMZN, then more power to ya......I wish you good fortune.
However, IMO, If traders are 'speculator's, then long term penny stock investors are 'dreamers'. I'm a realist, I play the odds, and the odds are 90% of penny stocks, in 5 or 10 years, will never have amounted to anything, and will be nothing more than zombie tickers or sub pennies.
The main people getting 'enriched' in penny stocks will almost always be company officers and other insiders, who get shares for nothing, or dirt cheap. Those least likely to have made any money are the dreamers, who held for years, waiting for the untold riches, that never came.
Just my 2 cents.
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