I expect you mean that you still have to watch it
Post# of 1525
Posted On: 01/23/2016 5:50:45 PM
I expect you mean that you still have to watch it like a hawk... due to the simple fact that it is trading on the OTC, yes?
That's generally the way I've felt with OTC stocks but I think, generally speaking, if you're not categorically diversified in securities by investing via an index fund or similar mutual fund, you really should be watching any stock you own... like a hawk.
The interesting thing is, RXMD isn't anything like most penny stocks: $13.5M in revenue in 2015, most recent quarterly revenue of $3.9M puts it at annual revenue of $15.6M with consistent QoQ and YoY revenue growth over the past several years to substantiate that $15.6M number, ZERO debt, and so much more.
That's generally the way I've felt with OTC stocks but I think, generally speaking, if you're not categorically diversified in securities by investing via an index fund or similar mutual fund, you really should be watching any stock you own... like a hawk.
The interesting thing is, RXMD isn't anything like most penny stocks: $13.5M in revenue in 2015, most recent quarterly revenue of $3.9M puts it at annual revenue of $15.6M with consistent QoQ and YoY revenue growth over the past several years to substantiate that $15.6M number, ZERO debt, and so much more.
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