LONG rant below and some off topic perhaps, so read on at your own risk!
You know if i wanted to make some money, i would find a old tapped out well and get everyone excited of lower depths potential and get some good backers and capital raise and well ..... hmm
Dont feel bad My G as these penny stocks can be a great earner IF you dont put all your money in ONE as i sure most here have learnt that lesson. Just as one science hypotenuse is proven into theory when really good evidence is presented and tested and/or OVERLAPPING avenues of evidence comes in proving from diff angles (cough evolution), thus the point is you are way safer to have
less money spread over many penny stocks. I currently watching around 30 mixed small and strong and constantly review balance sheets and potentials and rising MC to see how the market values each stock.
Perspective example is that stock MUS i talked about while back where a guy talked his GF into around 200-250K at 15c and after failed ruby auction crashed to around 2c. That forum was a couple years ago and after was lets say "ER sirens"!!! really serious stuff!!
I was ONLY watching that stock as saw some red flags and things really went pear shaped real quick so its an example of way too much on a sure thing (rubies)?? so tempting.. I can think of some others that went bad after lots hype.
Everything is relative. Friend of mine blew their old cars engine and the shop quoted her 5K to do it and i said i would do it for about $300 as i saw the repair list and they were going to replace everything! Crooks!
I replaced New timing belt, S/H head and gaskets and all good again. Lucky i repair all my own stuff electrical and mechanical so save a lot there and know the tricks in "retail"
Point is, think of all the money you waste day to day so a couple of grand on a penny stock is nothing and you might learn something from the stock and others comments in this forum about another good unknown cheap stock; i know i have.
If you havnt watched "The Big short, go watch it as i keep viewing it just to remind its NOT always about the stock but about the Timing! Its all about to go down again but for diff reasons so soon, Gasfields will the furthest stock on your mind as everything else crashes- and people lose everything again! (2008)
Last time Aust survived the GFC as we didnt have any personal or govt debt, BUT what about this time? Aust has crippling PERSONAL debt and our economy is almost at a standstill (zero rates soon)
Think about the losses when this thing hits world markets.
So you see, Gasfields may not even exist soon and no one here will care and if it survives, a bonus!
Reports are that the biggest investors have cleared their decks, and are hoarding cash and gold- Theres an answer in reality and survival?....
So am i
in or out now overall? That answer should be obvious but thats just MO and i am emotionless and logical only... but i all always watching and gathering data as thats the only real truth
