There are no other pennies like the ones you describe, monica628. Most people buy a penny stock (or any other stock) at price A and sell it at price B > A in order to make money at any time this is convenient to them. They might also sell the stock because of fear/anxiety/impatience, etc, etc. This stock has been overbought already. There are no NEW buyers attracted to it because of lack of promotion/advertisement, failure of the stock promoting entities, or just the present economic conditions.
As you can see, I didn't even mention dilution that might be taking place.
Flipping a stock has actually become so common, that thousands of Americans QUIT their jobs in order to become ... DAYTRADERS!
So, your question actually amounts to the following: "why are you people shorts and not longs?"
All IMO, of course.
Nowhere is there a pure creation or production of power
without a corresponding exhaustion of something to
supply it.
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Michael Faraday, 1840.
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