EXPM:JGFCF - Post by User
Post by
jerrio78on Jan 02, 2021 3:48pm
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Post# 32209931
Crypto mania
Crypto mania Is this a crypto monster in the making or a gold giant that's private but wants to go public?
The reality is the big guns that bought and hoarded 70% of the shares have a plan that is money in the bank for junior investors along for the ride.
In the past I have bought multiple 5 and 10 cent stocks and held on for $1-$3 only to watch them go to $10 and even $30. This time I am treating this like an ATM. I will take out cash in the $5 range then as it heads higher I will pay myself for being loyal. I think this will be one of those cases of severe sellers remorse for the guys who sell under $2.
If you think this is just chatter or pump do some digging into who holds most of the shares, then ask yourself why? The pedegree of the deal makers is key. I have held several shares and the smallest return was about 1000% but they can test your resolve by taking months to come together.
Big deals have a lot of moving parts and the exchange procedures for filing take time. Enjoy the cheap prices then enjoy the ride, it's that simple.