Friday, May 24, 2024 5:26:06 PM
.0245. It doesnt take much to move this stock, in either direction. Just another example of why pay more.
If one believes the stock is headed higher, then you assume some risk and buy as low as you can. Once news hits and you try to buy, it wont be at .05 - .10. It will spike higher than that. Then the inexperienced will chase it, wanting to get in on the action and not miss out. That will drive the price higher and thats when I will be selling the shares I acquired at .018 -.026 range.
Then in a few days, the price collapses again, and you lose money because you chased it.
Have to remember, this is a penny stock, not MSFT. It's not stable and subject to price fluctuations.
The key to penny stocks is acquiring a lot of shares and as cheap as possible. Then when the price moves up, you are profitable and can make $$.
Good luck to you!
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