All you bulls never answer Dan's question.
You must be in a conspiracy against hard working
How can this company through company posters be so
wrong and continue to attack Dan?
I just want the truth. That is probable fantasy land
For one I no longer own PCS. I bought it based on it's growing revenue base and based on the virtues of it's sector/niche. I got lucky. I didnt do my DD. I saw the cracks showing and bolted for the exits in order to hold onto 60% gain. Did I speculate? Yes, without intending to. Anytime you fail to do your DD you are speculating whether you know it or not. Now, even if the company was bleeding cash, if I believed in it enough to believe wholeheartedly that it would pull through the night and see the dawn, then an investment would be considered speculation to some but not to others. Call it what you want.
Now, why is a company a penny stock? Because the markets put no value on its future earnings. Therefore buying it is always speculation because there's nothing to "invest in"? Wrong. The markets are not always right. Sometimes a company will start out small and grow large. I think your confusing those stocks with the ones that were once large capitalizations and shrunk down to size.
Incorrectamundo: Investing is buying the future prospects of VALUE. ALL stocks oscillate between undervalued and overvalued...even bankruptcies. The price per share has nothing to do with FUNDAMENTALS or future VALUE. Many good stocks have launched from the penny arena into the big leagues. Those who saw the future POTENTIAL were INVESTORS. VALUE is not always reflected in net worth. Sometimes it is an intangible potentiality.
therefore Penny Stocks do NOT always = speculation
Well, Dan thinks it was stupid to buy the stock at 80 cents. That is how you tell. If he himself had bought at that price and sold at the current price he may have cured some of his bitterness. It would have been perfect for him since he is the typical impatient lottery ticket buyer. His questions are questions you would normally see being addressed to large corporations such as Boeing and Exxon, not this kind of very small companies where there are not that much information available. This is a small company and there are many uncertainties and that is why this is a penny stock. He just doesn't get that.
" Well, Dan thinks it was stupid to buy the stock at 80 cents. That is how you tell. If he himself had bought at that price and sold at the current price he may have cured some of his bitterness. "
I have said many times (just last week to Wojo) that if you can make money off of this stock, good on you.
"It would have been perfect for him since he is the typical impatient lottery ticket buyer. "
No, I'm not..... I've said many times I look for long term positions to invest in based on the long term prospects of a company. If you are comfortable gambling on penny stocks then you should also be prepared to accept the losses which will surely come with that level of risk. Daytrading and investing are two very different things.
"His questions are questions you would normally see being addressed to large corporations such as Boeing and Exxon, not this kind of very small companies where there are not that much information available. This is a small company and there are many uncertainties and that is why this is a penny stock. He just doesn't get that."
Its a penny stock because of its long term performance. Its a penny stock because they have never shown a profit. its a penny stock because their sales have never been above $4MM. Thats why its a penny stock.
So since a company is not a large cap you shouldn't look at their performance? Really? Wow, thats quite a statement. On what basis then would you make an evaluation of a company. Magic 8 ball? Ouiji Board? Monkeys throwing darts (which can be effective). Just wondering.
As an investor you should always look at the performance of the company. You should also be skeptical of the information they put out. As a responsible investor, its in your best interest to question the management of a company to determine whether what they are reporting is true. Otherwise you have to accept ridiculous comments from people like Train telling you about $2 EPS and $700MM contracts which are pure fantasy.
Its not just your right to question these things, its your responsibility. Grow up. Stop believing everything you read.