May be, may be not !. I don't trust anything in pennyland anymore. Every year you see tulip stocks that are the next best thing and then crash later. May be 1 in 10000 will work out..
Hard to know
Most I believe is pump n dump game run by crooked market makers
They will run these spikes on RM hype, everyone falls for it and then they short it back. These MM know attention span of average penny investors is days, not weeks :) so it's easy for them to run fast spike as greed takes over and then dump later. Once the stock sinks, most move on and they can short the stock into the ground. The bagholders are left with worthless stock for long time until next hype starts
kind of sad games..
Its game of musical chairs. Know when the music stops
good luck
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