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Sunday, February 21, 2021 2:25:15 AM
By the way, I was correct and even though it did not drop to what I said it dropped badly and without a good press release the only momentum you saw and might see again is a pump to dump and this cannot continue which will cause the stock to drop and laggard then drop even more before going up.
I noticed that many investor when then buy a stock the stock they bought cannot be fallible, they praised the stock they invested in, they bash those who gives opinions, but this is a sign of immaturity and remember that an opinion is not factual.
I know that BYOC has good clients, but with no press release and posting a $7 million loss manifested in the chart the way I read it, there was not reason for the stock move the way it did. That does not mean that I was bashing the stock. I will acknowledge that they do have a good margin (67%), but they need to put out concrete news, not just release news to move the stock, but to let the people know that they are for real.
When I invest in penny stocks I invest knowing that one day the stock will spike up and as fast as it goes up that is how fast I sell otherwise I will lose potential profit. Rarely do I invest long term in a penny stock because most of them have no future expectations, they are operating on investors money. As for BYOC, I believe they are a good company, but they need to post press release that are positive.
Above is based on my opinion and under no circumstance am I bashing BYOC, but I am sure people dont like to here the bad and ugly of a company.
Recent BYOC News
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Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM