Most definitely. If a company is actually making money and doing things, then yes, it will recover, and be better long term. But if it's a lifestyle company with no substance, only consolidating to inflate the SP to stay on the asx, then it will tank and stay there.
And if you're a smart trader, sell once consolidation is done, buy back in when you think it's bottomed out. And if it doesn't drop, buy back at a higher price, no capital lost... But according to some , that wouldn't have the companies best interest at heart....... please! You think half the penny stocks out there have their shareholders best interests at heart? I have my pocket at heart. To hell with companies and their boards. Unless it's a biotech trying to create cures for illness/diseases.
ROG Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
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