i bought this at 18 cents thinkting that it might exceed a dollar in the next few months. what do u think?
nhyt good or bad?
Answers
511 points
songcon answered 3 weeks ago …
As of today, it's lost about 75% of the value for the one year period You've lost one third of your investment so far. What makes you think you holding of $.12 per share will go up 8 times in the next few months
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4085 points
EthanR answered 2 weeks ago …
Looks like you bought this stock right as it fell below the 200 day moving average, which is never a good sign. Buying penny stocks is always a high risk, high reward "investment". I put quotes around that word, because penny stocks are really more like gambling than investments.
My advice is this, if this stock goes back up to 27 cents, take your 50% profit and be happy. Don't get greedy. And if it falls below 11.5 cents, I think I would just sell it and let it be a lesson that people will lose money in penny stocks 80 or 90% of the time. There's a reason these thinly straded stocks sell as cheaply as they do. Usually the companies have no earnings and are just crap shoots.
Unless you have some kind of knowledge that this company is about to launch some wonderful new product or announce spectacular earnings, I would ask why you assumed it would exceed a dollar in the next few months? Just because it's 18 cents doesn't mean that it has to go up to a dollar. It's just as likely that it could go to 5 cents.
