Trace, third time's a charm (or so I've been told) so I'll give it one more shot. Now, you said.
correction. It went from .60 to .09 and now is around .11.
True.however, it also went from .03 to .60.
According to Big Red, this is a good thing because the price doesn't matter now, it just matters when (AND IF WE CAN) we sell it.
Trace, you are having difficulty understanding "what could be" so I'll explain it in terms of "what is". A week ago yesterday, the stock market took a major league dump. While everyone else was looking for an open window at the top of a tall building, I spent the day raising cash. At the open on Tuesday morning, I loaded up on tech stocks. As of 11:40 this morning, each of my acquisitions is up by between 14% and 25%. You know what? That doesn't mean diddly squat to me because I have no intention of selling now and at any moment, the market could take another dump. It's all paper gains! I won't realize the gains until I sell!
So who cares that the value has dropped85% just buy more.
If you have evaluated a stock to be a good buy at $1.00, and fundamentally, you view it to be the same stock today trading at $.15, by all means, buy! Now, with that said, you might want to more closely scrutinize the stock in light of its decline ("Did I miss something? Does the market see problems I have not detected?"). However, if after that close scrutiny, you deem it to be the same (or better company) than what you believed it to be at $1.00, I think a kindergartner could figure out what to do.
I must issue two caveats, however: (i) My logic assumes you are in the financial position and have the stomach to invest in non-reporting OTC-BB penny stocks. If you don't, you should have never invested in the first place; and (ii) You have room in your portfolio to average down your investment. Having access to cash is always a good investment strategy and in the above scenario, you could cut your average cost in half with an investment of less than 1/5 the original purchase.
This is not my advice mind you. It is just my interpretation of some other hypsters, oops, I mean posters on this thread.
***WARNING**** ***HYPING TO FOLLOW*** ***READ AT YOUR OWN RISK***
Anyone who plays ANY OTC-BB stock with grocery money is an idiot. Throw in the fact that GLOW is a non-reporting penny stock with little operating history, and it is even riskier. As I have mentioned dozens of times on this board, you should NOT be investing a significant portion of your portfolio in this company. GLOW, as are ALL OTC-BB stocks, is inherently risky! I did NOT invest next month's mortgage payment in this company. I invested part of one of my IRAs in it. I invested money that I can't get to for another 30 years. If I lose every penny of my GLOW investment, in 30 years, I will have long forgotten it!
With all that said, based on MY analysis and ONLY in MY MOST HUMBLE OPINION, I do believe that the potential of GLOW will be realized.
BTW, one of the stocks I bought on Tuesday sank an additional 15% right after I bought it. Was I "happy"? No. But it did not concern me because I had no intention of selling it during the 1-2 hours it was 15% down. It is now 20% up over cost.
GO BIG RED!!!
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