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TheCoach

03/03/24 9:29 AM

#195213 RE: Bud-Wiser #195200

Hey Bud-Wiser,
Agreed. I took a flyer on this one with 2.5 million shares in late 2020. I rode it up to .71 and sold it all. After it corrected down below .10 I came back in with 1 million long and a half a million to trade. I added the million long to the trade metric and have made into 6 figures with the trade account. Following the spike to .13 I came back in with a position at .6 and would be happy to recoup that and get out altogether. This has been a minimal trade vehicle since that spike. It will be a few months and our 12 month high and low will only be a few cents apart. A true penny stock.
There might be a time in the future when the world suffers another pandemic, everything shuts down globally, people are handed thousands of dollars and, with time on their hands begin playing the market and driving up stocks like this one-but I doubt it. It was a fun ride and this wasn't the only one to spike without anything to justify it. You have to have your metrics and stick to your plan. I admit to playing few pennies. The majority of my investments and trades are on the big boards and, now, in bonds. The first few months of this year have been an few of the best ever. There's a sea of money out there. You just have to know where to cast your net and when to haul it in. I'll see how this one is in a few months after our season is over. Good luck to all. Have a great day.
Cheers,
Coach