What it comes down to is if this company can become profitable in the future because right now they are far from it. also, it is shady how there is no definite answer to how many shares outstanding there are. The run up was obviously do to hype and the plummet was obviously due to fear. I do not have a position but I am very interested. I bought IMGG a month ago and am seeing some nice gains on that (check it out). However, as of now this thing has no news and the company is not big enough to issue PR's and to care about stock price when they aren't even making $1. What PDMI needs is to come out wiht some big news about their new device or approval or something that is positive to let people know that this stock was not a scam. Also, if you look at the stock haven article is said in the disclosure that they hold a short term position in PDMI. AKA pump it up and dump it down. All of the people who made tons of money left to go to a new stock - that does'nt mean this is a hoax or anything. either way if you are buying at stocks at these levels you shouldn't worry about short term. One huge event could turn this into a .10 cents stock. Thoughts?
If you do not need your money, or can hold on for a while, do not sell at all !!! think about it, the next time news comes in, this will not look back anymore.
I am long and strong ! I believe this is a great opportunity. Even if you have to wait for a relative long period ( say a month...), this could be a very small loss, compared to the upsite of it !!
Exactly .. the mistake a lot of people make is staring at the intraday chart as the PPS plummets momentarily. The pumps are moving on to the next stock and the lemmings/noobs are panicking and dumping their shares. It's a perfect storm.
Me, I'm down $7K on 5M shares right now. Made $3K on the way up on a small position. Not worried one bit.
yahhh dont sell, its much better to hold your shares and let the pros sell who bought under .002 i mean, they still have like 15-20% of their holdings that they didn't sell over .006
keep holding! it can come back! theoretically !!!!
Here's how I play these stocks.
You wait for a bottom to form and volume to pick up, which is what just happened at .0035, then buy with both fists.
It's hard to do, but it usually works.
You were just left holding the bag by daytraders, but every gap needs to fill, so this will bounce back, IMO. Not above .55, but it will bounce.