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Alias Born | 06/13/2006 |
Friday, January 24, 2020 7:32:17 AM
All I am going to say/repeat is that based on my fifty years of investing, which includes owning the highest proven and highest quality stocks out there as well as to a tiny extent unproven and hyped penny and in this case sub penny stocks like this one, is beware because the odds of any of them succeeding are miniscule.
They trade at the price they do for reasons and seasoned and successful investors either avoid them entirely or invest only money they can COMFORTABLY lose if the company should go belly up, which is what happens in the overwhelming number of cases or at the very least lose 99% of their value.
As stated previously, I own quite a few shares myself and am way down, but as stated before, compared to my overall holdings and valuations, the money lost here on paper for me amounts to a fart in the wind.
I am pretty sure it will bounce around here and may go up a little from its present level, meaning that if you want to have some fund and trade it, then sure go ahead.
Beware of bs 5000% upward predictions like stated here for the simple reason that historically speaking those making them are simply trying to pump up the price in the short term for their own personal gain and will be exiting shortly afterwards if and/when the stock rises.
I am not personally adding one share myself at ANY level.
If I am wrong and there is some truth to what I perceive presently as the bullsh t news of late so far, I will gladly admit I am wrong and will have some additional "lunch money" to that which already have.
Good luck to all who either already own shares in this company and/or add to their positions and of course those who are considering adding to them for the very first time.
Most importantly do your own dd and don't be swayed by self serving pumpers who don't give a rat's ass about you and are here either on their own and/or who are paid by people associated with the company itself, which in many cases is a shell company no matter what the news may lead you to believe.
That's it.
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