Replies to post #37832 on SNM Global Holdings (SNMN)

[User-65225]

For me, what I like about it is that the percentage that can be potentially made as a ROI is far better than stocks trading in the 0.10-0.2 areas, no doubt in my mind

The price per share does not matter, its all about the valuation. You can see just as much percentage gain from a .10-20 stock

That type of thinking is what draws people to sub penny stocks, but is not savvy, cause the odds of finding a long term winner is less than 1%.

Its SAFER to buy after a company has proven itself. There has been NOTHING proven with SNMN, its just a bunch of vague press release, lacking any substance... The ODDS are this will one day be worth nothing and needing to reverse split

[bigboard]

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