Monday, October 24, 2022 5:26:43 PM
I know you already know this, but never invest more than you are willing to lose, especially in OTC stocks.
That being said, RNVA has been bouncing between 0.000001 and 0.0001... which is insane considering that RNVA's market cap is only $15k at 0.000001. Consider that RNVA is expected to report $4M in 3rd quarter revenue... yet its market cap drops to $15k on a daily basis. Lots of games being played with this stock by market makers. I'm not aware of any brokers that allow trading at 0.000001. Schwab rounds my trades up to 0.0001 and apparently pockets the difference.
Based on what I'm hearing, 0.0005-0.001 is very likely and even 0.01+ is being talked about. With potential returns of 5-to-100x, it's not a bad way to gamble a few hundred bucks. BTW, it hit 0.0004 just two weeks ago!
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