It's not about the valuation, it's about the share structure (SS). I do not really like to buy tickers that have monstrous BILLIONS of shares outstanding, it requires huge volume days (500,000,000+) to move the price even .0001 often and when volume starts to decrease quite often these tickers return to no bid and the trader's money is trapped there for potentially a long time until it moves again. Most of these trip ticker are usually in the "Stop sign" tier or even Caveat emptor status on otcmarkets. They often have no current financial disclosures, no website, probably not even a phone number and no up to date SS listed. People will pump them up and buy them just on the chance that they may have a semblance of a real business lurking behind the scene and the chance they may post a financial disclosure. Why not just buy a ticker that is current, has a much smaller SS and some catalyst to drive pps higher? Bottom line I look for undervalued or oversold chart plays with good upside potential and preferably a good SS. To each his own but that just my take.
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Sojourner here following God, obeying God, and cleaving to Him. The journey is onward.