I can tell you from personal experience, I was buying a company at near .25 for a long time. Now, this is not less than a penny, but still, a low-priced company. I sat on it and watched it run to something like .75 and watched it correct several times. Finally, after holding it for something like 1-2 years, I sold on one of those corrections when everyone was negative and saying they had no chance. In my head, I had examined the facts and thought what the company had put together would be of great value someday, but my inexperience and worry on one particularly dramatic correction made me sell -- "I'm not letting a good gain turn into a loss!"
Fast forward about 5 years. I did not look at that company for about 5 years. Completely forgot about it. They had a symbol change and then an up listing, so I lost track. I actually did almost nothing in the markets during that time -- couldn't have told you where the DOW was on any day for a million bucks. Sitting watching CNBC one day, the guy says, "largest mover on the AMEX today was MYOLDCOMPANY." What I bought at .25, held to .75, and sold at .35 was streaming by at over $50 a share. My first thought was they must be a new company, or they had a huge reverse split at some point, or something weird had happened. What had happened was, the value I saw early on was finally realized by others. Their projections for revenue finally started to happen. Growth exploded. The stock had not had a reverse split, but a FORWARD split. I had a sick feeling about going back through old statements to verify how many shares I actually owned. That $20,000 would now be worth $8 million!
I have one other story, not quite so dramatic, but same scenario and enough money to buy a nice house tossed away because I let other's negative comments and my worry scare me out of a position.
Not since that time have I had the same initial feelings about a company. Not until ETIM. The circumstances are different because of the "tinyness" of the company, but everything else is set up the same for me. This time, I will see it through.
I might add, that in between these episodes, I went full bore into another investment based NOT on my own DD and intuition, but that of someone else who convinced me, despite occasional protests, that I would make out like a bandit. That cost me almost everything I owned. Won't make that mistake again either!
I'm sure a quick scan could reveal many companies going from pennies to dollars. It has to be a real company with real products and real demand. I believe we have found such a company.
News 
Market Data 
Discover 
