It is a gamble. It boils down to risk vs reward. A small play of even $500 worth could become $5000 or $10000 in a short period of time. It could also fall to $200 or $0 as well.
I'm in with 700000 units for $3700 including brokerage. Have an open order for 500000 more units at 0.4 cent. Works out be less than 1/2% of my nett worth so in the scheme of things it is not a lot of money for me if it goes bad and I lose the bulk or even all of the stake. Potential return could be 10x or more of my stake.
When buying into a risky stock, penny stock or otherwise you should only risk what you can afford to lose.
If one can not stomach a loss or bare to see red arrows on their portfolio screen, then the share market is probably not for them.
Sentiment: Not above this level.
KBL Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
