Share
648 Posts.
lightbulb Created with Sketch. 207
clock Created with Sketch. 07/04/18
08:31
Share
Originally posted by pods
↑
Mate, i've been investing in penny stocks for years. We call them penny stocks for a reason. The thing is, if it goes to 1.5c, the reason may or may not lie in the finances. It generally has to do with more than one reason. One possible reason is that it is unloved. Unloved stocks have a greater chance of realizing value than loved stocks. Things to remember is, stocks will always be over bought or oversold. There in lies the opportunity. There are headwinds for MBE right now, and i believe this will convince recent holders to potentially sell driving the price lower and thus leaving it off the radar of many people. Some people will only invest in a stock if it's price is above a certain level - that time of investment, for me, is irrational.
Expand
Pods you are spot on, key question is have we seen the bottom? I personally dont think so. Also i think a long trajectory to recovery will prohibit investment at this stage.
