I suggest HIMR investors should consider that t
Post# of 17862
I suggest HIMR investors should consider that this stock is in fact a penny stock (a sub-penny stock actually), and invest accordingly. That means the share structure means very little, unless one is looking at this company as a long term investment (in this case, a period of years). Penny stocks seldom go straight up. Instead, they rise and fall much like the waves on an ocean.
While it is not easy (some feel a chart or a graph may help them), if waves are timed just right one can make money on each and every rise. I am not suggesting that one should be a flipper. I have know successful flippers who end up paying 40% of their gains in taxes and in the final analysis end basically where everyone else does. The only difference is that flippers often cannot sleep at night because they always worry about every single tick and where they might have been if everything had gone perfectly for them. Unfortunately, much like gambling, the perfect scenario seldom happens.
I do feel that HIMR has potential. However, if one is truly a long term investor in the penny stock market, then one typically must invest in a company and then just walk away. Don't even bother looking at this or any penny stock on a day to day basis because they can drive you insane. This is why I feel most penny stock investors are short term oriented regardless of what they believe they are or what they say.
In HIMR's case, we have a CEO who appears constipated when it comes to news releases --- he just can't get them out. We know he has news to release (as he did with the increased position in Bayano Lake Wood Products), but for some reason he is nearly always unable to release the news on a timely basis. This situation is quite different from a company struggling to get its feet on the ground and running into adversity. In this case, HIMR seems to actually execute just fine, but still can't get the news out.
We can speculate on all the reasons why news might be held back, but it really doesn't matter. Instead, I suggest looking only at what is coming and what you expect that news to do for the value of the stock (realize you may not always be right). Ignore external factors such as bashers, or worry warts, or the eternal optimists. If you think about it, these types are nearly always wrong anyway.
Instead, think of penny stock investing as a business (it actually is you know), or as a hobby. But, one that could make you rich one day.