RE:No Regrets.
I am stalking the shares personally speaking. I may not be done buying just yet even though I have a good enough position for me. If people want to keep giving away their shares to buy elsewhere to market time those equities that may be successful or not it is up to them. People are looking at equities which are .10-.12 but I think they need to ask themselves why are they there and where did they trade prior to that. They should also look at the overall company history and see what all it has done and with what type of offering and what type of results they had even though the past may not necessarily predict the future as things can change but it still is a good piece of info to keep in mind. I think the mentality is, and I think along the same way because a company's shares are cheap people will most likely buy them compared to those that trade ten or more times higher such as this one to any around .10-.12. What I found is that that is not necessarily the case, people become smart and fussy with those as well and people who are looking for a quick flip will be quite disappointed. So, I would look at more factors such as history of the company, it's success and under what circumstances etc. along with trying to figure out how long any potential offering such as Sam will take to make it to market. If there is a seeming time drag than you will be stuck until things get done. As a general thing that I find is that just because things are announced everything still takes time to test, be evaluated and then diffused to the rest of the market. If something is different than it will likely catch fire if not and there is a lot of them out there there will be less fast diffusion and limited adoption. Cheap isn't necessarily better. I would be careful with this way of thinking and go with those companies that have made considerable gains and are at a resting point. For instance, and I don't mean any pumping by this there was pyr it traded at a year low of .16 and went as high as .98 it is now around high .40's low .50's. Yes, I have some shares there and I am stating this as an example to illustrate what types of companies I would consider vs the cheapies and trying to explain why. Now if one looks at pyr--they already have a book order which is continuing to grow, multiple streams of revenue, and not too long ago had a share buy back. I would look at all these things in companies and see their track records and differentiate between which ones to buy. As mentioned not all cheapies are not duds. I would look for the best of the "cheapies" and try to find the ones that offer something different than what is already out in the market because if there are too many with crowded spaces it will be hard for the equities to do well and if they do and it doubled I personally would likely sell knowing there is just too many competitors in the space. In any case, this is just my two cents and honest opinion. Like I said, I too am drawn to cheapies and do often believe they have a way better chance to go up and possibly double faster than one such as this that already has and is higher in value but like I said, this can be a bad fallacy if you pick the wrong ones especially when we are talking about tax loss selling. Some may well be worth to buy but one may have to hold a lot longer than desired. I would just be careful not all stocks are created equally and just because things are cheap doesn't make them things that will blossom--cheap shouldn't be the key reason to buy something nor should company's telling everyone at retail how great their product is--really look into it and see if it is and one key thing is is it really new! I got killed in lots of ventures that always make it sound that they have new technology, not so, there is likely something on the main exchange as well as the US and around the world that has something like it or better! Now with this one, I will challenge everyone including myself to try to find a device exactly like this one with this type of accuracy etc. Right now I can't think of one and as we are shown this is in fact better than the existing and standard tech of the metal detector! Finding novel offering is not easy. And sometimes one doesn't have to re-invent the wheel maybe something is built on and enhanced which can be a differentiating tech but again as in Sam's case we see there is another dm very much like it--so what can you say?