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ksammut

07/12/17 12:01 PM

#14724 RE: DoogieStyle #14720

You are absolutely correct that the .0002s will be harder to unwind unless there is a definitive update from the company that mining has begun, their forecasts are correct, and they anticipate additional permits soon.

As you know, penny stocks move mostly on psychology. The story can push a penny stock up hundreds and thousands of percent. Once people start jumping in, those already in start pushing back their ask price as they are hoping for a huge pay day instead of taking a small profit. For a short period of time, even on a stock with this many shares outstanding, the price moves up crazily as speculators hold on for the highest price.

The trick is to not get to greedy when you are in a stock that is going through a feeding frenzy.