WhiteNOC... I made the same mistake about two weeks ago in looking at filings of some the stocks being looked at here, and that was to think in terms of a longer hold. This board is strictly for the daring players who know that trading rather than holding is the way to go. No one here is looking at KKRW as anything more than a quick play.
FWIW, penny CEO's have begun to do a better job of protecting the short term pps's of their stocks. This particular stock is a current play not because of its potential but because it appears to have bounced off its bottom and the movement is attracting traders. That it may experience but a momentary spike is the risk that daytraders take. But look at it like this, a buy at .0035 and a sell a .005 is a reasonable profit for a less than one day hold.
Otoh, as pointed out, the inherent risk in holding longer term goes up exponentially. But I don't think that's a problem for the savvy traders of this board.
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