The one thing about the pinks I know, is that investors love names like Walmart, Amazon, etc, because of the dramatic growth affect they can have on a small company.
i’ve traded thousands of penny stocks and these are the types of PR’s that put in the biggest runs, other than reverse mergers... and when the chart is showing a bottom/reversal, it draws the TA traders in who spike the volume and spread the ticker/hype around all of the social media sites, etc. This chart has not shown a bottom like this since the last big run, which is key. Traders don’t chase a chart that’s in a downtrend, but they love bottoms/reversals
The worst mistake someone could make is selling now, before these PR’s even start. Because if the stock is not falling apart with the delays, lower revenue, higher than expected debt, etc, why would it fall apart with what’s coming?
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