The reason I am not too keen on Consolidation are:
1. when you are trading penny stocks like TSC even a .005/.001 increase can be a substantial increase in percentage depending on the starting price. The ROI can be high if you get a good announcement. Example jump from .003 to .004 is a 33.33% increase. and a jump from .002 to .003 is a 50% increase or a mid point sale of .0025 is a 25% increase on .002
2. .005/.001 are the smallest increments and the SP will go up or down by those increments. At .002 there is no way the SP can go up by 10%. For that to happen the price will have to be 0.0022. The SP can either be .002 or .0025 (mid point sale)
3. However, once the SP is consolidated, say in TSC's case which might be around 0.10, smaller increments of as low as 1% will be possible. Example: increase from 0.1 to 0.101. Therefore the growth on investment is likely to be slower.
DYOR
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1 | 61779 | 0.120 |
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Price($) | Vol. | No. |
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