Sugarmade Inc (SGMD)

[MallenNV]

suissac, LOTS of investors grab shares regardless of the warning or financials. They just like to buy when the stock tanks with the hope if it rises a little they can get out first with a profit while everyone else who paid more or cost averaged has to wait.

They figure if they buy now at $.0003 then they are into the stock for less than all other investors except for others who buy in at the low price. But there will be far less selling IF the stock rises to even $.0005 they make a few bucks while most have to sit and wait till the price goes higher.

It’s a strategy that rarely pays off but what is dumber? Buying into intent hyped marketing at $.18 or more with the back up that if it goes lower you will cost average and eventually hit bottom or buying at bottom initially so any rise you make money while cost average investors have to wait?

Either way EVERYONE loses except for the ones doing the debt dump. Any sales now that are not being bought to cost average but just bottom feeders will kill any chance for initials or cost average buyers to sell at a profit.

As soon as the ticker rises a little, millions, 10's of millions who got it at the bottom will sell and the market makers will never raise the bid. In fact, even if just a few bottom feeders sold, the market makers would kill the price below $.0003 so even the bottom feeders cant sell except at a loss and they too join the losers lounge known as the OTC investor club.