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Re: squire1 post# 3182

Thursday, 02/28/2019 7:57:44 AM

Thursday, February 28, 2019 7:57:44 AM

Post# of 12572
Part of the problem is Wall Street's strong bias against penny stocks. Most such stocks just automatically go down, down, down even if the company is profitable. This is quite simply the result of mass stock investor bias against ANY stock that has a very low selling price. Perhaps they should hire a promoter to give the stock a price boost so it won't keep going deeper in the ditch. If the company could say that they were paying quarterly stock dividends that would certainly help.
A reasonable rule of thumb on this is the 50 cent rule. Once a stock share price dips below 50 cents/share the stock usually gets caught in the perpetual downward spiral syndrome where its price just goes down, down, down no matter what.