I agree, picking the bottom in an illiquid stock is not a great strategy. It is of very little consequence of buying at 49c or 47.5c.
The point a lot of shareholders may be missing is that, down the track when SMN is several dollars, it is irrelevant how much small change you are currently making or trying to buy at the very bottom with a chance of missing out.
The real winners will be those who are holding the greatest number of shares & options when approval is granted & the price shoots up.
I cannot believe the mentality of shareholders who are trying to make a few short-term dollars & risking not being in the market when the big money is to be made. It is all about accumulation.
SMN Price at posting:
49.5¢ Sentiment: Buy Disclosure: Held
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