Well, I don't know that people are ignoring the positives exactly, it's just that unless one's timing is perfect or presentient just about any sub-dollar stock one buys quickly leaves the investor underwater and about 99% of these never recover their initial pump highs of which falling knife most people end up buying into.
Since most stocks in this price range have serious problems that aren't immediately evident there is a lot of understandable skepticism and suspician for those who may have just started looking at it.
The lack of liquidity/thin volume makes it unappealing for traders.
The overall market is a lot worse than the major indexes indicate as well. Except for a few isolated sectors, most stocks have investors underwater right now and even normally good trading and investment stocks seem to be behaving irrationally and erractically. People who have just lost money on a "sure thing" -- fully reporting major exchange traded atocks with great fundamentals etc, that were never seemingly in doubt are suddenly tanking now, people are probably not going to be out looking for high risk penny plays so much right now as in an up market.
People are distracted by the holidays. There are probably a lot of reasons.
With me, I've probably got about as much as I want unless I get a serious bottom fishing price to lower my cost basis.
Obviously, the longer one waits, the more risk to missing the date of record whatever that may be. people may or may not realize that, the record date could be set in a quiet settlement that we might not hear about right away, right?
But, with so many of these little stocks one has to wait and wait for the big event and often it never comes. Or it comes and turns out to be a non-event or worse. Meanwhile, that's dead money. I certainly get sick of that.
Psychologically it's a lot easier to be patient when you are not underwater.
Almost every chart pattern has an evil twin. Is this a consolidation pause before the next leg up? Or is this going to continue the long tail down? (much more typical).
It's not unusual for the volume to completely dry up and the spread widen such that you get pretty much trapped in on this price range of stock as well. People like me who actually like this kind of stock, nevertheless, tend to learn to try to balance caution with exuberance. The ones who go overboard on the latter tend to be gone, which leaves those erring on the side of the former.
