Big Brother
7 years ago
Yep, exactly, it's something that I agonize over on every trade, even $500 or $1000 dollar investments.
Then I read posts like this, where this guy lost $89K in a promoted ticker that tanked, because someone from a boiler room called him and told him it was going to da moon...lol....and I think to myself WTF, are people really that stupid, not to conduct any actual DD on a $89K dollar investment...??
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133516171
Big Brother
7 years ago
Seems like most of the majority of time the trading starts at much higher prices then the private placements, or however much the seed investors paid. This one only started out .10 higher, so while it seems kind of pricey IMO, based on the share structure, DD, etc, it's actually not too bad at all. I'd say there is a strong possibility this could be a bag or two at least.. but.. could also be pretty illiquid too, hard to say that this point.