no problem, it was just my opinion, based on observations over the past seven years or so...should not inhibit MOMO plays...but...
you have to be very careful, for example, GMGC
to look at it you would think they have excellent prospects, partnerships, management and worldclass researchers...that's what you would think...looking at GMGC, imho, patents mean zero, no revenues which is a wonderful reflection on management considering the product 'potential' and how long they having been flogging it...etc, etc...
the most problematic part is the private placements and seemingly endless/bottomless conversions, again imho...near $5
if the price of this stock was less than $1, and it observed these patterns, i might be tempted to use the p word along with the d word
so be careful out there, there are a number of common elements...compay history, product value relative to competition and others...look at them closely AND even a MOMO is risky if you can't get out INSTANTLY when the velocity of volume slows down simultaneously to a pause in price increase
just a thought
ynot :) |
