InvestorsHub Logo

GetSeriousOK

02/19/24 2:09 PM

#326832 RE: JustGoDeep #326826

If I thought I could make money flipping this stock, I would do it. But I don't think a trader can make money here. The MM's buy all the low-priced shares and they only fill their own sell orders for the "high" priced shares.

Add that to the steady PPS decline and factor in the musical chair of the impending reverse split, and the result is: dead stock. No money to be made here, flipping or otherwise.

You talk about flipping as if it's illegal or immoral. As far as I'm concerned, if a trader can turn a profit "flipping" a stock, that is one smart trader. Compare that smart trader to a stupid trader who buys a pinksheet penny stock and holds it for 10-15 years while it loses 99% of its value and ties the trader's money up when it could be EARNING profits elsewhere. And when that trader mindlessly pumps that stock for 10-15 years... well THAT is immoral.

Here's where you'll first learn of the reverse split, BTW:

https://egov.maryland.gov/BusinessExpress/EntitySearch/Business

the company business ID is D05750989. They'll file an Article of Amendment here.