RCMW Group Inc (fka RCMW)

[Gildersleeve]

jkl146, I think that youre argument that CPOW hlding steady, though slightly depressed, after the report as evidence that penny stock investors hold based upon waiting for news (ie holding out hope for what they are waiting) is probably correct, but it doesnt justify that method as a viable and long-term sustainable trading strategy.
While I think you are right (obviously there are many holding out hope, or else CPOW would have slithered closer to its real valuations), it is this very sort of thinking that I am warning against.
As long as it is repeated, people will be burned by the market.
But the fault will always lie with them for not heeding warnings.

Listen, Im not saying CPOW isnt going anywhere. It MIGHT.

I am, and always have said, dont look for information to confirm your hopes. That is called confirmation bias, and it leads to tears.
Be objective.
KNOW that you CAN lose 100% of your "investment" in this stock.

Be okay with that. And if you are not, reduce the size of your position, no matter how committed you feel.
No matter how much you hope.
No matter how much you want it to go to $1 or how much you ONCE THOUGHT it would go to $1.