QS, let me tell you something! There are 2 basic ways to look at penny stocks, and for me it iis NOT looking at the numbers, as they can go sky high one minute & drop just as much in the opposite direction, maybe more! Very sensitive area! It is folly to use formulae or numerical values you might use in more settled and or well established Co's though it still might be a gamble, & not worthy of intensive investigations, as there always will be multi-variables that cannot be determined there too!
1) Fundamentals! Right or wrong, I look at the operational FIELD, product innovation (& whether its presence alone will force the stock higher,) COMPETITION, (as some product Co's will have too much too face w others who are more financially secure LOL,) MANAGEMENT, (Whether they are the Inventors, whether they are both Creative & Business oriented,) whether they are honest, (but all they can do is divulge the strides being made,) PRODUCT STAGE, etc.,etc! I know they will face all kinds of Personnel & financial problems, but when a product comes along that rings at least 3 of the 4 bells, then I buy in and hold! Yes, a gamble, but this is what I am in for...(A COMPANY that has a good chance of bringing something to market,) Very important to me is when they stcik to the basic premise(s) they initially started with! if they abruptly change to another product (Is it a dream product or one they have been working on all along! Only the Co' knows?
2) TRADING. QS, you miss the points ,and act like a TRADER, not a true Investor! That is good you made a profit, but maybe you are holding on to crtg too long, when it is showing very bad fundamental signs! Who doesn't like the idea, but it has to be sound Technology, as well as based in common sense! They are not in the same league as the Large Car Manufacturers, who have reseach teams of their own, & have the luxury of working on many models of Battery for example
a) You must not be seeing what I see or heard, but TOYOTA has begun to stop the ELECTRIC CAR (Electric battery type!) Fuel cell cars are on the move, maybe your Endurion will better be suited in that genre, IDK?
b) I got out when I saw a change in their efforts, as they originally wanted to sell the CHS material to Battery manufacturers, not to build one themselves! Why did they do that? Obvious isn't it? There was one battery Co' (ENEI) I bought that built a huge manufacturing facility somewhere in Indiana, but was bought out by a rich RUSSIAN!! At least they focused and developed EV batteries, not change from Batteries to Cryptocurrencies for example that occurred in 2 of my past Co's! I've seen it too many times where their efforts failed for one reason or another! I bought into 3, (Maybe more,) of those Co's myself, w ?DNA?, (maybe changed its symbol,) and SDVI being the other two that I can think of! If you are doing well fine, but I don't think you are seeing beyond the Wavering and Untrustworthy numerical values...too bad?
AI
