In a perfect world everyone is a lottery winner an
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In a perfect world everyone is a lottery winner and everyone lives long enough to win the lottery.
In an imperfect world there is no guaranteed outcomes, and no guarantee we will even survive long enough to see that outcome.
In the real world, very few people win the lottery, and of those who do, most are broke within a few years as they didn't learn about money management, risk, and felt overconfident and lucky.
For a buy and hold investor who's is either bust or buy-out, all the price action in between may seem a distraction.
But is it really?
What if there is a set back?
What if the company needs to finance additional trials which potentially adds greatly to shareholder value?
What about the other drugs in the pipeline and other trials?
What about investors who have bet more they can afford to lose and would like to take some basis off the table as profits?
What about investors who would like to roll some profits into other stocks, or pressing life needs?
The list goes on and on.
Once a penny stock is on the big board, has big success, is a win, boards and chatter mean little. There are analysts and a multitude of players. For penny stocks these boards are very influential.
For a small bio-tech to make it big without massive dilution is rare. CTIX so far is a rare exception. A strong and rising share price helps keep CTIX strong and an exception.
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