SNMN has better chance of making money from current level than anything trading above 0.02-0.03
I have seen many stocks now DEAD money at 0.10, if they have any small rally, it never lasts..
Anything that's 0.1 barely moves...absolutely dead
Pool of buyers is small and no one is interested barring few die hard fans..Penny stock market is not DESIGNED for high priced stocks, anything under sub-penny to 0.03 has better chance than junk above 0.1,however you can lose pretty fast on that kind of high priced stock since it has long way to crash even small hiccup. You can lose almost all..Huge risk
Not many people invest in 0.16 stock and odds of making money on that kind of high priced junk is pretty low now
Not many buyers, very limited pool of buyers left and volume is not even million, sadly people sell on BID on these high priced stock
Most of these stocks go nowhere and rot for many months
I would never touch such high priced junk especially on PINK and OTCBQ
May be Nasdaq worth thinking..
I would rather make 1000% on stock like SNMN than junk trading at 0.16 and make a 10% and potentially could lose all money
The risk on 0.002 stock is pretty low..and you can easily make 50%, imagine the odds of 0.16 stock going to 0.23 to make same money...LOL...may be next birth..if there is rally, it won't even last..
Dead money for anything above 0.1 in pennyland
Only die hard fans and la-la land people invest in those type of overpriced junk for pennyland
Heck this stock was at 0.0024 last year with NOTHING, only as MJ play and no product !
Now they have 1 million money and ton of things
Buy anything under 0.003 and ride for rest of the year
Downside is very limited.
The latest dump was BEAR RAID !
period
Now MM accumulated the shares and pump it hard
Expect 50% bounce minimum
shorts will cover and MM will pump hard to sell this 0.0018-0.002 shares
Always happens in pennyland, you get massive bounce when you see doom n gloom messages
Best time to buy ! is when stock drops 70%
Nothing like it.
You will get MINIMUM 50% bounce
works like magic