I think what a lot of people forget when investing in penny stocks such as ICPA, is that these are not normal companies and normal stocks that we are invested in.
These are purely speculative investments: bets, gambles, or educated guesses at best. We are not investing based off revenues. We are investing based off what we think this company will be come down the road. The only information we have to go by is what Steve chooses to disclose and the work being done.
That is why this stock has traded so volatile. Nobody actually knows what a company like this is worth, especially at the present moment. We can all try to guess what it will be worth in the future, and choose to buy in or not based on our research.
That being said, looking at the charts only helps one thing: trading. Or, planning enter points to get yourself THAT much better of a deal by a couple tenths of a cent. But to be honest if you're long, it shouldn't matter that much because the only thing that you should be focused on are the fundamentals: why is this company poised to make money and how will they continue to make more money? What do they have going for them now? What will they later have going for them? Is the business plan conducive to turning a profit? Is there room to expand and grow while still maintaining profitability?
What I know for sure is that Steve is slaving every day of every week working to make IC Places the next big thing. We can see that. We have evidence of that. He is rubbing shoulders with some of Hollywood's hottest stars and elite insiders. He is forming business relationships that if not profitable now, will certainly prove to be beneficial down the road.
As painful as it is to watch these -20%, -30%, -50%, retracements we have to remind ourselves what it is we saw in ICPA in the beginning, and now. I originally got in for a trade, but after doing research I changed to being unequivocally long. Someday, I'll be able to sit back, and have complete confidence in my financial security all thanks to the decisions I'm making now. Go Steve. Go ICPA. I know what I own.
