R59- IPW is a perfect example of why
playing micro cap stocks is much riskier vs larger small caps to large caps. I mean, first you almost never get guidance, so you have to guess if one good qtr means much. Then you often have to dig into the 10Q to try and understand the business. Also bid and ask spreads are often huge(2%+). I mean even with all the volume IPW has done, you still have to pay 1%-2% if you want to get in and out quickly on each trade- otherwise you need to put in a limit price, sit there and watch for who knows how long, and pray ! Then you have deal with huge volatility, where you can lose 50% in one or two days ! I mean the stock went from $3.40 to $.130 in 2 sessions I can only tell you that I have done much better overall in the last 15 years with larger small caps & mid caps, as larger daily volumes, small or tiny bid ask spreads(less than .05%), and guidance of some sort on earnings reports is a huge plus.
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