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Jetmek_03052

07/14/23 1:38 PM

#312198 RE: OTCNewbie #312195

Again - the overwhelming majority of penny traders are dreamers. They dream of being a millionaire on a few thousand dollars of investment.

When they buy low and then watch a little pop in the price? They don't sell. They only think of how RICH they will be when it's dollars a share, instead of pennies. So INVARIABLY, the average investor of penny stocks doesn't sell for a mere profit. They want the 20, 30, 50 or 100 "bagger"!

So they hold onto it.

And then watch - as it dribbles back to around where they bought it (or...inherited it).
Bearish
Bearish