GREY:SIXWF - Post by User
Comment by
throwaway11on Feb 18, 2022 2:34pm
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Post# 34442890
RE:More anonymous selling, we are now $10k away from 10 cents.
RE:More anonymous selling, we are now $10k away from 10 cents.Well, this has been a real journey, Sixth Wave. Five years ago I was like most people and did not touch microcaps.
My philosophy used to be "ignore the market, trust what you know". It did well unti this point.
I know this company has a good product, they have legitimate research and development partners, and are poised to sign contracts that could be very good for them.
But my philosopy has changed a little bit, now, with microcaps. I've come to realize that the value of a company does not make much of a difference - whoever controls the largest amount of shares also dictates what the company is bought and sold for, regardless of the underlying business.
The trading is this thin, anyone with a bit of money can wreck the stock without much effort so they can get everything as cheaply as possible, and there is nothing anyone can do about it except stay out until the (inevitable) destruction is nearing an end.
GLTA. I'm outta here.