Bought some PSON based on a flyer and then a big drop in price.
I'm willing to sit on this.
What do the penny experts think about this decision. I'm looking for a quick double with "disposable" cash.
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Good decision?
Bought some PSON based on a flyer and then a big drop in price.
I'm willing to sit on this.
What do the penny experts think about this decision. I'm looking for a quick double with "disposable" cash.
Say, which one is it? Either way this old pump and dump goes down long-term..... They recently filed to give away 12,000,000 shares for services & did a secondary register of 12.2 million shares for a few old shareholders. With volume only in the couple hundred thousand range, they will drive it down....
You are aware of how most of these finance deals work right? They short it and then use the shares they get issued by the company in said deal to cover the position essentially making 100% no matter what, without ever creating a short squeeze.....
PSON testing recent lows today. If .60 cracks, adios.....
Down to .30 these days. I warned you. Funny part is, the CEO recently added that he owned another 40% of the company that he seemed to have forgot about when PSON acquired his own company. Can't make this stuff up. Such is the junk penny stock market where only insiders and shark traders make money.
Lesson to be learned here: Penny Stock Companies ALL Suck.
Learn price action, it's your only chance to make money against the con artists and insiders/financiers.
