Wednesday, September 11, 2019 7:21:45 PM
This "paranoia" that people are trying to steal your shares is crazy. The price is dropping like a knife because of the opposite, no one wants to catch a falling knife! No news, and uncertainty about whether a merger is really going on. And rest assured, a company with no news and late on filings is a death sentence in the OTC. I mean, for anyone to accept the fact that their account is bleeding and they are holding on in "Hopes" of a potential merger is insanity. HOPE IS NOT A STRATEGY. I'd much rather chase and miss out 100% in the initial run, than watch my account slowly get wiped out. The payback period of selling-to-chasing, is approximately 3-4 days. If you had sold at 0.04, I gurantee you that any price you'd be "chasing" from these levels, you'd still buy in at a price lower than what you sold. To each their own though, what do I know.
And if you're wondering why I'm sticking around to bash this stock, I'll be very clear and transparent, unlike some of my colleagues.
If I bash this stock, and it proves to be a scam, oh well... no harm done and I told you so.
If I bash this stock, and it proves to be legit, thats awesome, I can still chase it from a much lower price and likely buy at a price lower than what I sold it for. I'd gladly flip-flop and pump this to the moon.
As it stands, longs are grasping for straws and delusional. every penny stock is a scam until proven otherwise. Just look at the 99% of failed penny stocks and day traders to know that being "long" on a penny stock, is not the best strategy, especially on one like this.
So you tell me, whats the game theory of holding a stock that bleeds out like this? Why take the risk of holding a stock that you have no certainity of whats going on behind the scene, and run the risk of the SEC halting this?
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