To begin, I am not an authority on Spectrascience, and none of my posts are investment advice. Nothing I write guarantees anything.
Every question you ask has been touched on in previous posts. If you're interested, you could start from the early posts and work your way towards the most recent posts.
You asked why did the price fall from 2015. If you want to get technical, the price has steadily declined long before that. If you do enough DD, you will discover old, obsolete forums of investors bragging how to bought 5,000 shares for I believe .55 cents. 5,000 shares for the low low price of $2,750! In fact, there are still a few still invested in SCIE from those days. Looking at it from this perspective, SCIE seems like a horrible investment. Why would anyone invest in something that was so high in price and is now at .002? I HAVE NO IDEA!
...actually I do, because I'm invested.
Read post # 410 for a rather long and dramatic explanation. This post pretty much explains my perspective as to why the price dropped. SCIE is a medical device company. Its not sexy like other stocks. Two previous posts have links explaining why medical devices can take a decade or longer to go from concept to clinical use. The WavSTAT is its own worst enemy (in a good way). SCIE started out with the WavSTAT and LUMA device. LUMA is gone.
Over the years, SCIE upgraded the WavSTAT from 1, 2, 3 and now version 4. They didn't have to do this. They could have kept the WavSTAT1 and hoped for the best. But early trials showed the accuracy of the '1' wasn't good enough for clinical use. The delay between the 1 and 2 caused the price to drop because nothing 'sexy' was happening in the eyes of investors. Then came version 3. This was years later. Now, investors had to wait again while updates were done, more trials started, distribution had to be set up, yada yada yada.
In a more recent post, I found a video (its in the post you can actually watch this), CEO Michael Oliver explained that SCIE made the mistake years ago of trying to set up distribution themselves in the UK. He openly admitted SCIE lost over a year's time doing so because it didn't work. He went on to explain they decided to hire professionals to help them enter the UK market (which is where they are now). So, that by itself is almost 2 years of nothing. The reason I stayed invested was because he admitted his mistake and was very transparent. Not many pennystocks do this.
If you haven't noticed, individual red days mean nothing to me. Why was everyone so ecstatic when we ran up to .0092? Oh, everyone loved SCIE. SCIE was the greatest! 'Here we go!' people touted. SCIE was the greatest investment the world has ever seen. And yet, mere weeks later, people are starting to complain about SCIE; the company they just touted as being 'amazing'.
This happens in 99.999994% of penny stocks in online forums. Investment sentiment is more fickle than the wind. Love SCIE when price goes up; despise SCIE and the people doing DD when the price goes down. It's basic human emotion. Its pretty much a guarantee people will once again just absolutely love SCIE when the price begins to rise again. Strange.
Long term investing doesn't work like that. Invest, don't buy more than you can afford to lose, and see what happens. That's how I look at it (and sell when necessary). By doing so much DD it spills out of my ears, I get a good idea of what MAY happen. And I see a higher probability of success than failure. As said before, if things change, id sell in a second.
Ok lets see, my post is a ramble now... continuing on..
The whole thing about CDEL and groups propping up the price; I ignore that stuff. If SCIE is going to succeed, theyre going to succeed. It seems the majority of online talk constantly focuses on daily price action. 'MORNING SCIE!!! HERE WE GOOOO!' and 'Once this thing passes .005 theres no stopping this!' are common online jargons. I tend to ignore these. Although I cant speak for others, its sort of, kinda obvious that the majority of online investors are short-term investors. Price drops, they ask why. Price goes up, they say yay. The majority of complaints stem from investing more than someone can afford to lose. The next biggest problem stems from investing based on others DD and then blaming that person when the price falls, when clearly it is everyone's own personal decision when to buy, hold, and sell, and no one should invest based on others DD and should always seek professional investment advice.
Because, come on, let's be honest, how many people reading this post have actually called an investment professional, met, sat down with, and discussed their SCIE investment? I'd have to guess the majority have not (which is fine, to each their own, but not seeking advice and then complaining when the price drops doesn't make much sense to me).
Dang, this post is a novel now...
To sum up the above blabbers, long investors don't worry as much as short term investors. Short terms panic when price dips, questions why the dip occurred, and gets angry when a day closes red. Typically, these investors don't know when to sell, don't know when to take a loss and move on, and end up losing it all because theyre trying to invest based on other short term investors moves.
Long investors invest a set amount of money, but only invest what they can afford to lose. Sure, ive lost thousands upon thousands upon thousands (I could keep going) of dollars investing. Ive invested in companies I thought would succeed only to be slapped in the face with a reality check. Am I mad? Eh, it was emotional at the time, but that's what investing is; win some, lose some. You see, short term investors want long term gains and it doesn't work like that.
You cant throw $1,0000 in and expect a million dollars a week later.
Right now, its my personal belief (not investment advice) that SCIE is at a turning point. This has no exact time frame. Could be today, tomorrow, September, 2017, who knows. They have had sales in the past (almost a million dollars total which is amazing for a pennystock). They had tiny sales in the 10K. We have a 10Q coming out in a couple weeks. If it shows sales again, this may be a trend forming. Time will tell.
Concerning going back to trips.. hey why not? Anything is possible. As said in yet another post, I think people are focusing on the run up to .0092 and comparing the current price to .0092. If the run didn't happen and we slowly increased in price from .0007 back on Feb 18th, everyone would be so excited of our current .0028 share price. Odd right? Same price, but the run has changed expectations. We'll continue to hear things like 'Load up now! Gift prices!' and 'just bought another million!'. Short termers like to average down. We've all done it. It's fun, exciting, the possibilities are endless. Averaging down makes up the majority of online forum conversation. The problem with this is buying more and more shares only increases the amount of stress during price dips.
The golden cross is what I'm excited about. Not bragging, just stating what happened; I called the 50MA and 100MA cross. Will we definitely see a Golden Cross? No. nothing is a guarantee. I find it strangely interesting the timing of the 10Q and the current positions of the MA lines. It sure seems possible (if the 10Q is strong) that a golden cross may occur in the next couple of months.
What would propel this? A PR, a SEC form 4 (insiders buying shares), getting closer to the 10Q release. Training isn't an issue anymore I don't believe. Europe has several WavSTATs. Kuwait's initial training is complete.
Things holding us down? Being caught in the middle of finalizing whatever had to be finalized for sales to start and sales revving up. Knowing it can take a decade for medical devices to be brought to market, the timeframe is much slower here. The old run up to .20+ cents occurred mainly because SCIE bombarded investors with PR after PR. This may happen again.
Things hardly talked about in forums (but should be):
The rack mounted wavstat - still a mystery
Oncoscope stuff
WavSTAT in china. Its happening but behind the scenes
PMA approval - updates?
JAGWorldwide - whats going on with this?
What made up the $6,000 in sales shown in the 10K?
If you want to read a ridiculously long post on SCIE, the WavSTAT, and China, read post # 147 from February 26th.
In all, this isn't advice. I'm not saying to invest in SCIE. Everyone needs to do their own DD and make their own, independent decisions.
Every question you ask has been touched on in previous posts. If you're interested, you could start from the early posts and work your way towards the most recent posts.
You asked why did the price fall from 2015. If you want to get technical, the price has steadily declined long before that. If you do enough DD, you will discover old, obsolete forums of investors bragging how to bought 5,000 shares for I believe .55 cents. 5,000 shares for the low low price of $2,750! In fact, there are still a few still invested in SCIE from those days. Looking at it from this perspective, SCIE seems like a horrible investment. Why would anyone invest in something that was so high in price and is now at .002? I HAVE NO IDEA!
...actually I do, because I'm invested.
Read post # 410 for a rather long and dramatic explanation. This post pretty much explains my perspective as to why the price dropped. SCIE is a medical device company. Its not sexy like other stocks. Two previous posts have links explaining why medical devices can take a decade or longer to go from concept to clinical use. The WavSTAT is its own worst enemy (in a good way). SCIE started out with the WavSTAT and LUMA device. LUMA is gone.
Over the years, SCIE upgraded the WavSTAT from 1, 2, 3 and now version 4. They didn't have to do this. They could have kept the WavSTAT1 and hoped for the best. But early trials showed the accuracy of the '1' wasn't good enough for clinical use. The delay between the 1 and 2 caused the price to drop because nothing 'sexy' was happening in the eyes of investors. Then came version 3. This was years later. Now, investors had to wait again while updates were done, more trials started, distribution had to be set up, yada yada yada.
In a more recent post, I found a video (its in the post you can actually watch this), CEO Michael Oliver explained that SCIE made the mistake years ago of trying to set up distribution themselves in the UK. He openly admitted SCIE lost over a year's time doing so because it didn't work. He went on to explain they decided to hire professionals to help them enter the UK market (which is where they are now). So, that by itself is almost 2 years of nothing. The reason I stayed invested was because he admitted his mistake and was very transparent. Not many pennystocks do this.
If you haven't noticed, individual red days mean nothing to me. Why was everyone so ecstatic when we ran up to .0092? Oh, everyone loved SCIE. SCIE was the greatest! 'Here we go!' people touted. SCIE was the greatest investment the world has ever seen. And yet, mere weeks later, people are starting to complain about SCIE; the company they just touted as being 'amazing'.
This happens in 99.999994% of penny stocks in online forums. Investment sentiment is more fickle than the wind. Love SCIE when price goes up; despise SCIE and the people doing DD when the price goes down. It's basic human emotion. Its pretty much a guarantee people will once again just absolutely love SCIE when the price begins to rise again. Strange.
Long term investing doesn't work like that. Invest, don't buy more than you can afford to lose, and see what happens. That's how I look at it (and sell when necessary). By doing so much DD it spills out of my ears, I get a good idea of what MAY happen. And I see a higher probability of success than failure. As said before, if things change, id sell in a second.
Ok lets see, my post is a ramble now... continuing on..
The whole thing about CDEL and groups propping up the price; I ignore that stuff. If SCIE is going to succeed, theyre going to succeed. It seems the majority of online talk constantly focuses on daily price action. 'MORNING SCIE!!! HERE WE GOOOO!' and 'Once this thing passes .005 theres no stopping this!' are common online jargons. I tend to ignore these. Although I cant speak for others, its sort of, kinda obvious that the majority of online investors are short-term investors. Price drops, they ask why. Price goes up, they say yay. The majority of complaints stem from investing more than someone can afford to lose. The next biggest problem stems from investing based on others DD and then blaming that person when the price falls, when clearly it is everyone's own personal decision when to buy, hold, and sell, and no one should invest based on others DD and should always seek professional investment advice.
Because, come on, let's be honest, how many people reading this post have actually called an investment professional, met, sat down with, and discussed their SCIE investment? I'd have to guess the majority have not (which is fine, to each their own, but not seeking advice and then complaining when the price drops doesn't make much sense to me).
Dang, this post is a novel now...
To sum up the above blabbers, long investors don't worry as much as short term investors. Short terms panic when price dips, questions why the dip occurred, and gets angry when a day closes red. Typically, these investors don't know when to sell, don't know when to take a loss and move on, and end up losing it all because theyre trying to invest based on other short term investors moves.
Long investors invest a set amount of money, but only invest what they can afford to lose. Sure, ive lost thousands upon thousands upon thousands (I could keep going) of dollars investing. Ive invested in companies I thought would succeed only to be slapped in the face with a reality check. Am I mad? Eh, it was emotional at the time, but that's what investing is; win some, lose some. You see, short term investors want long term gains and it doesn't work like that.
You cant throw $1,0000 in and expect a million dollars a week later.
Right now, its my personal belief (not investment advice) that SCIE is at a turning point. This has no exact time frame. Could be today, tomorrow, September, 2017, who knows. They have had sales in the past (almost a million dollars total which is amazing for a pennystock). They had tiny sales in the 10K. We have a 10Q coming out in a couple weeks. If it shows sales again, this may be a trend forming. Time will tell.
Concerning going back to trips.. hey why not? Anything is possible. As said in yet another post, I think people are focusing on the run up to .0092 and comparing the current price to .0092. If the run didn't happen and we slowly increased in price from .0007 back on Feb 18th, everyone would be so excited of our current .0028 share price. Odd right? Same price, but the run has changed expectations. We'll continue to hear things like 'Load up now! Gift prices!' and 'just bought another million!'. Short termers like to average down. We've all done it. It's fun, exciting, the possibilities are endless. Averaging down makes up the majority of online forum conversation. The problem with this is buying more and more shares only increases the amount of stress during price dips.
The golden cross is what I'm excited about. Not bragging, just stating what happened; I called the 50MA and 100MA cross. Will we definitely see a Golden Cross? No. nothing is a guarantee. I find it strangely interesting the timing of the 10Q and the current positions of the MA lines. It sure seems possible (if the 10Q is strong) that a golden cross may occur in the next couple of months.
What would propel this? A PR, a SEC form 4 (insiders buying shares), getting closer to the 10Q release. Training isn't an issue anymore I don't believe. Europe has several WavSTATs. Kuwait's initial training is complete.
Things holding us down? Being caught in the middle of finalizing whatever had to be finalized for sales to start and sales revving up. Knowing it can take a decade for medical devices to be brought to market, the timeframe is much slower here. The old run up to .20+ cents occurred mainly because SCIE bombarded investors with PR after PR. This may happen again.
Things hardly talked about in forums (but should be):
The rack mounted wavstat - still a mystery
Oncoscope stuff
WavSTAT in china. Its happening but behind the scenes
PMA approval - updates?
JAGWorldwide - whats going on with this?
What made up the $6,000 in sales shown in the 10K?
If you want to read a ridiculously long post on SCIE, the WavSTAT, and China, read post # 147 from February 26th.
In all, this isn't advice. I'm not saying to invest in SCIE. Everyone needs to do their own DD and make their own, independent decisions.
SpectraSCIENCE Inc. (SCIE) Stock Research Links
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ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
http://investorshangout.com/Joeys-Investment-Board-91611/
Invite Only
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties. These links are provided for informational purposes only and are NOT endorsed by the writer of the above post. The writer of the above post has no control over the contents of any linked website and bears no responsibility for the accuracy, legality, or content of the external site or for that of subsequent links.
YOU ACCESS ALL LINKS ENTIRELY AT YOUR OWN RISK.
The writer of the above post makes no warranties or representations, express or implied about such linked websites, the third parties they are owned and operated by, or the information contained on these websites.
The writer of the above post accepts no liability for any damage or loss, however caused, in connection with the use of or reliance on any information, material, products, or services contained on or accessed through any such linked websites.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
