Jodi, Thank you for taking the time to respond. I have some other questions, and i do not wish to 'attack' you or anyone else here. I hope my questions are not seen as an 'attack' However, if you are in and out of a penny stock with any sizeable' amount of money, are you not damaging the stock, the company, and the other shareholders?
Would momentum trading be the same as buying one, waiting for others to start buying, and then getting rid of it when the price rises, and 'moving on' ? And if you do that, what happens to the value of a stock when a large number of shares are 'gotten rid of'? Surely the price goes down!
I think its great that you are able to make some extra money for your family. God knows teachers are way underpaid as it is. But, when it is my family, freinds, and other people that I am encouraging to buy into a stock, whether intentional or not, I would have a hard time enjoying my profits knowing I left someone holding a handful of worthless stock.
You may be right about one thing...I dont think I am putting the kids' college fund into otcbb stocks. I think I will stick to my 'play money' for now.
Good luck to you. |
