When you sold SGMD at $.02 it was the same as if you were on line at Best Buy for black Friday sales and only 10 people were on line and the store had 20 big screen TV's to sell at the special sale price, You each will get one or even (2).
Now trying to sell SGMD on any slight rise will be like 10,000 people on line at Best Buy who all rush in for the sale when they’re are only 5 TV's available.
Only 5 will get one leaving the others with no TV. People will be fighting for the TV’s the same as fighting to be the first few to sell the shares only to have the bid door slammed shut after a few trades.
And I am sure 1000’s already have the selling price set into the brokerage accounts that will automatically be sold when it hits the price they chose which will be not much over the current price just so they can get out even at break even.
That will mean no one who wants to make a profit will get the change to sell on the bid for a profit as break-even sellers dump shares. And remember, anyone who bought now for the first time at $.0004 who did not buy higher and cost average means anyone who owns shares in SGMD who paid more than the current price who did cost average which is everyone here I am sure. Will never achieve profitability.
You have three options with these stocks.
1) Do not buy them in the first place.
2) short them when they start the pump and buy back for less
3) buy in at the lowest price hoping for even a 10% rise and get out with a few bucks.
ANYONE who cost averaged will not make a profit. They are stuck in the middle between short sellers and new investors who buy in cheap that did not cost average. It is like being in an airliner in a holding pattern in the sky above the airport with the storm below and the jet is running out of fuel.
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