The takeoff !Hey guys,
I'm new to the investing world (since october of this year). But here is my attemps at explaining why this stock isen't climbing as fast as we'd hope.
Smart money is in control, right ? And I would assume the smart money type that plays pennystock is not the same as the one playing established company. The latter looks deeply into fundamentals and I would assume they have some kind of guideline on what to invest and on what to avoid, as the first, are more into speculation on a company potential at its infancy stage.
I'm pretty sure ID is on the radar but is not just ripe enough yet for long term investors.
Also, I would assume that before the penny stock smart money let a stock ride, they make sure they can run it as high as possible before large investors come in. What's the point in keeping this company in the .60 range and having to buy more at that price to sell it later at a dollar when you can bring it down, keep accumulating shares off daytrader, swing traders and impatient retail investor ?
I would also assume that professional pennystock speculator know all to0 well at what point the real investors come looking for a pennystock company...
So my guess is, when the fundamentals will be right, this is gonna get launched rapidly into... I dont wanna point a number cause I'm no expert... but I guess it's gonna run a lot higher than .61.
As always, your insights are appreciated, as I am always eager to learn on the investing world !