Trace, you said.
Your response gave me a chuckle, I mean it.
Glad I was able to add a little levity to the thread. ;-)
Look, I have a measley 10k shares at .32 so I am not going anywhere.
Then, just out of curiosity, why are you concerned about today's price?
I will ride this one to zero or two zeroes with a 1 in front of it.
I'm with you!
You say it is the same company regardless of the price. Well that is exactly what I am afraid of. That .32 company was only as good as a .17 company.
The stock price doesn't reflect the true value of a company, but rather, the perceived value. I have explained this concept repeatedly on this thread. I'm sorry you missed it.
The perception is an average of the market's understanding of available information. According to EMT, the market is perfect at disseminating information. I happen to think this is a giant crock, especially with small OTC-BB penny stocks. Those willing to do a little digging have an advantage over the market. We have more information! As the company begins generating revenues, the market will take notice and more information will be available (we'll get closer to EMT). The market price will more closely reflect the true value of the company.
I'm banking that the market price currently understates that value.
The market is usually correct about these things.
Then, the market must have been correct at once valuing this company at $.61. At $.15, it's a steal!
If it sells for .17 then that is all it is worth.
I am amused at your naivete.
I hope this time the market is wrong.
The market is more often wrong than right. In fact, the market is wrong virtually 100% of the time! Want proof? Show me a stock.any stock that is priced the same from day to day to day.
The above reflects my opinions and my theories regarding stock market investing. Please do your own DD.
As I've mentioned many times, GLOW (ANY OTC-BB penny stock, for that matter), should not be played with grocery money by those with weak constitutions. It is a penny stock for chrissake! If you don't like the roller coaster, you should strongly consider a different ride! MSFT is going nowhere but up!
GO BIG RED!!! |
