About those who are waiting for the stock price to drop to increase their position...
A those who invested in IRNC stock then say they are waiting for the price of the stock to drop so that they can increase their position, these people appear to not know anything about stocks. If they want to increase their position having the expectation that the stock price will rise, why don't they just increase at the current price and stop wishing for the price of the stock to drop? This goes with any stocks.
One invest with the expectation that the stock will increase in value, not hoping for it to drop so that they can increase their position.
For you young investor, if you bought shares of IRNC, just hold on to them and don't let hype push you to increase your position. As you can see that the stock went to .0006 and dropped back down and I am sure most of the shareholders cannot sell because they are losing money. I am losing money, but not a lot, but as stated with penny stocks I invest with what I am willing to lose and remember this, if you put all your eggs in one basket you better watch that basket.
