Tuesday, April 30, 2019 1:55:16 PM
Here are two true stories.
It was around 1996. I bought 2000 shares ($100) of Comparator Systems (IDID) who had fingerprint technology. I paid .05 cents for the stock. I was young and had little money to invest. I waited and waited and waited. I held on to the stock for about 3 years. At one time I was going to sell but didnt. Stock price remained at a nickle.
Then one day to my suprise the stock went to .10. Then .20, . 50, .75 cents. I was estatic. In about two days it climbed to $1.50. I sold my shares and made $3000 in profit. There was a rumor around the company that fostered this movement, but wind up be nothing.
Another story XRP ripple crytocurrency. End of 2017 paid .20 for XRP. Sold for over $2.00. The currency went over $3 bucks.
So... whats the moral of these true stories. Anything can happen!!! Stock can go over a dollar. Do you know what FOMO is? “Fear of missing out”.
Irrational behavior can drive this stock even though USRM is not worth 378 million dollars market cap if it reaches $1.00 per ahare.
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