Just because you don't think a stock is a scam does not mean you cannot flip it.. If you can sell out for .0055 or .005 at the beginning of an emotional retail panick which is obviously going to lead to a major correction and pick them back up in the .002's or .003's, why not... So it is human reaction and human reaction to the human reaction actually... Some chose to sell and are looking for re-entry.. You held, when you could of done the same.. If everyone played the game like this, we would have fallen alot farther than we did.. & the PR came if you didn't notice.. Monday saw approx. half a million dollars flow into this stock as someone mentioned.. Where was the million going to come from the next day? Or the two million the day after? Todays volume was mostly cycled shares imo.. But nothing can keep going up forever.. there was a ton of indicators showing this was overbought? But, whatever we're in the correction. now its up to the individual human reaction as to how they want to play it...
& you shouldn't be down money, you showed up here early enough to have made a ton if you played it properly.. Your challenging someone's decision when they made the smarter play than the individual in your situation. He made money, you didn't.. Nothing to do with the company being a scam.. Instead of challenging, look at what you can take out of the trade, win or loss on knowledge for next time.. If you did take a loss, look at it as knowledge that you have already admitted is far more valuable than what your paying in tuition to hear your professor's speak. Next time you'll lock in your profits sooner...
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