I love when people use excuses such as, "This is a
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That excuse would imply that every stock with three zeros 'sucks'.
Funny.. how come on February 18, 2016 I invested in a stock at .0007 and by March 23 of the same year, it jumped to .0092? That was a 1215% PROFIT for me in under two months. I thought 'triple zero' stocks sucked??
So you see, the number of zeros in a stock is not an indication of utter and complete failure. In fact, many people make the most profits by investing in promising companies down here. and why? As an example, if someone invests $1000 at .0003 they get 3,333,333 shares.
By not investing more than they can afford to lose, it doesn't take much upward movement to create a decent profit. In fact, in the above example, if the stock went to .0007, that's a $983 profit after tax; pretty darn good for a .0004 increase in share price. of course, every stock has the potential to not increase in price, which is why DD is so important.
I don't think its the number of zeros that necessarily determine a 'good' or 'bad' investment. its more along the lines of whether or not the investor has the fortitude to know when to sell at the correct time, not investing more than they can afford to lose, and not being money hungry by constantly buying millions upon millions of shares in one company.
Not investment advice.
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