nano-cap is a good term. most companies trading on the brink of extinction are there for a reason. the only thing they have going for them that they cant plummet into oblivion from .0001. they are only a tick away.i'm not so sure about qbid after it so quickly gave up its stellar gain in a few wall street minutes. i'm sure many investors who rode out the last several days feel like a fly on the end of a bull whip.
the only way to play these nano penny stocks imho is to get into a free share position as soon as you can and continue to take profit in small chunks. save part for that lottery ticket, and get that capital working again. i guess i am afraid to play them at all because i don't.
uncle milty
quote:
Originally posted by DiQuiRiesco:
Look guys, just because QBID has erupted from $0.0001 to $0.0036 in a week does not mean all the other nano-cap companies will. CMKM will not be a profitable company no matter how much they whine about naked shorters. (how do you short a company who's share price hasn't moved in months?)QBID has a truly profitable future. These other companies are news because of a trend caused by QBID's ability to show potential. I watched PCBM and CMKM all day yesterday because I was as interested in seeing if the trend would amount to anything. What I did see was the same old alure with no ability to deliver. PCBM's volume was too low to make any real money and CMKM was the same old hopefull buys at $0.0002 and desperation sells at $0.0001. When the dust settles CMKM will still be worthless and blaming others for it and PCBM will be incapable of delivering even though they are trying to be just a little bit less.As always, do your own DD and trust yourself
[This message has been edited by DiQuiRiesco (edited February 11, 2004).]