why do people buy bank stocks when they have billions of dollars in losses?
why do people buy penny stocks in general?
WHY DO PEOPLE ON A CONSISTANT BASIC KEEP BUYING MTLQQ (the old GM) WHEN THERE IS NO VALUE BEHIND THAT STOCK!?!?!? the old company is bankrupt and they make no money (because remember GM formed a new company)
why do people buy stocks at all?
because there is a chance to win. there is a chance to double, triple, or in penny stocks case 1000% your money invested. so why not?
this company has lines of revenue, they produce a product, they (from what i know) have a decent business plan. yes they are a start-up company, but i mean come on, no company ever started at the top. yes they WILL DILUTE.. do they do it overwhelmingly? yes i believe so. but there are hundrends of stocks with a pps higher than this, that have no revenue, billions of shares o/s, and will never be anything, yet people buy them and pump them everyday. look at BEHL. in a matter of a month, it ran from .003 to over .15. SPNG ran from .005 to .285. IT CAN BE DONE. this float is low for the most part and all we need are a couple of good days to get interest in the stock and it will be uphill from there!
