no offence to your friend, but he doesnt know what he's talking about.
I question this:
Fundamentally, technically, and logically speaking.. ICNB wont hit .50 cents short term. But.. this is the OTC. There are countless OTC stocks which are pure crap with no products currently at .40 cents+.
My favorite example which i repeatedly use.. LOGG (now LOGGD because they just did a RS). It hit .30 cents with NO PRODUCT and a fake website.
The majority of the OTC isnt about logic. Its about momentum, investor excitement, PRs, investors who dont know what theyre doing, and forward looking statements.
Most investors are here because they somehow heard that its POSSIBLE to make 1000%+ returns in a week. And it is possible. Ive done it many times.
On the same note, the majority of these people will never make a dime because it takes more than just finding a stock on iFlub's Breakout Board, throwing $4,000 in it, and expecting to become a millionaire overnight.
it takes time to learn, endless hours of DD, a lot of mistakes aka losing money (Which i have done too many times to count), a whole lot of patience, and NOT investing more than you can afford to lose. It also takes a lot of knowing when to get out running which most people never learn.
So somehow, again, i went off on a Joey68 tangent.. what was the question again?? Ah yes.. can ICNB reach .50 cents. Yes. It can reach .50 cents with the current share structure. It would probably drop, but with the right news, enough momentum, and enough excitement.. yes i believe it could.
But, it can just as easily go to .0001 and no bid. Its your job to figure out if the DD is strong enough to convince yourself to remain invested long enough to see if you were right (theres a run-on sentence for ya).
Does your friend invest in pennystocks?
a. If No.. why is he giving an opinion
b. If Yes.. I bet he will invest in ICNB and doesnt tell you
I question this:
Quote:never hit .50
Fundamentally, technically, and logically speaking.. ICNB wont hit .50 cents short term. But.. this is the OTC. There are countless OTC stocks which are pure crap with no products currently at .40 cents+.
My favorite example which i repeatedly use.. LOGG (now LOGGD because they just did a RS). It hit .30 cents with NO PRODUCT and a fake website.
The majority of the OTC isnt about logic. Its about momentum, investor excitement, PRs, investors who dont know what theyre doing, and forward looking statements.
Most investors are here because they somehow heard that its POSSIBLE to make 1000%+ returns in a week. And it is possible. Ive done it many times.
On the same note, the majority of these people will never make a dime because it takes more than just finding a stock on iFlub's Breakout Board, throwing $4,000 in it, and expecting to become a millionaire overnight.
it takes time to learn, endless hours of DD, a lot of mistakes aka losing money (Which i have done too many times to count), a whole lot of patience, and NOT investing more than you can afford to lose. It also takes a lot of knowing when to get out running which most people never learn.
So somehow, again, i went off on a Joey68 tangent.. what was the question again?? Ah yes.. can ICNB reach .50 cents. Yes. It can reach .50 cents with the current share structure. It would probably drop, but with the right news, enough momentum, and enough excitement.. yes i believe it could.
But, it can just as easily go to .0001 and no bid. Its your job to figure out if the DD is strong enough to convince yourself to remain invested long enough to see if you were right (theres a run-on sentence for ya).
Does your friend invest in pennystocks?
a. If No.. why is he giving an opinion
b. If Yes.. I bet he will invest in ICNB and doesnt tell you
2
View My Board Here:
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.
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.
