Post by
winnerswing on Sep 06, 2022 12:04pm
Absolute minimum bid-ask price in the pipeline
I think we could unfortunately have to experience the lowest bid-ask possible:
0.5 -1 cent!
According to the historical charts, 0.5 cent would be the first time this stock would reach.
It would corresponf to a market cap under 700k$ !!!!!!!!!!!!!!!!!!
If you buy 1M shares at this price, it would ''only'' cost you 5 grands! But it is risky.
If you own 1M shares with an average price of 2.5 cent, you portfolio would experience a paper loss of 20000$ !!!!!!!!!
This stock current situation is very difficult. Not the worst of the worst, but very hard to eeperience.
Comment by
winnerswing on Sep 08, 2022 4:52pm
That's it! My prediction came true! bid = 0.5 cent ask = 1 cent! Reverse split? Possibly. The thing that gives ''hope'' is the decent current QTR result. This situation leads to the biggest challenge regarding how to derisk it without losing your shirt?