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Friday, May 08, 2020 3:59:22 PM
My first purchase came the end of last year, it was at just under $.007 a share. I really didn't look at the entire year, I know it had been somewhat lower, but also substantially higher, so it didn't end the year on great news.
For those, like myself, who learned of the company at the end of the year, it didn't take me long to see the company was positioned in the right place, and it's been great since then. I believe it's just getting started. This time next year for every one who's invested today there will be somewhere between 10 and 100 new investors who've either gotten in, or are looking to.
If the price approaches my extreme highs for the year, over $5, a tremendous number of shares, perhaps over 50% of the shares will be owned by Institutions. That means that many here today won't be then, and my only advice would be, keep some shares for future growth. Small investors like ourselves generally make the greatest percentage gains, but after huge percentages, we let Institutions buy our shares, and they make the greatest dollar gains. Riding a stock from a penny to a dollar is a great gain, but the institution that buys those shares for a dollar, and still holds them when they're $10 has made a lot more money, though only 10% of the gain achieved by those who held from $.01 to $1.00. When it's $1, ask yourself if there is a reason it won't go to $5, and when it's dollar $5, ask yourself if $10 is probable. Sell some if you need some money, or consider borrowing on margin.
I've had many penny stocks that are worthless, but it only takes one that does great things to make you wealthy. I believe this for many will be that one.
Gary
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