He may be permanently upset with me, as his feathers have been ruffled, but that's ok. I like to hear what he and others have to say, as it's their opinions, and all opinions should be welcomed here. It doesn't make them right or wrong.
At least the old owl is starting to see the light and buying low, rather than following (what I deem foolish advice) and buying up to .70. But that's my opinion and strategy.
The key to penny stocks is acquiring a large position at a cheap price. Too many folks look at penny stocks and try to trade or invest in them, like its AAPL or MSFT. Those strategies rarely work here. Charts are useless, due to the low volume and volatility.
One can always buy at the ask and acquire shares, only to see the price drop within the next few days. So to be well positioned, it's wise to pick up as many shares as possible, as cheap as possible. Then when a spike comes, you are profitable, if you unload. You can always buy back in because the nature of penny stocks is to pop and drop.
You don't monetize your investment until you sell some stock at a higher price than you purchased it for.
Remain patient and good luck to you.
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