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Wednesday, March 25, 2020 8:29:33 PM
2) Stocks trading sub penny come back all the time! Just like how this stock bottomed at .0008 ( traded under .0010 for only 2 days), and went up 300% to .0030.
3) This is an excellent trading stock and no r/s is planned. Your strategy is correct with many stocks but not all of them.
They had recent news of a nice contract. They have things in the works and most stocks have been oversold in the past couple weeks due to CV. This is highly likely to come back up over .002 and has potential to make a new 6 month high up toward a penny. Market cap is under a million. Buying is a good idea right now especially hitting a low of .0012, it's a very good risk/reward ratio especially with a relatively small position.
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