Amidst a 12 hour Sunday work day, I am bored out of my mind. I decided to register and read up the Investorshub message board.
I picked about 10 stocks trading from $.02 to $.30 and one thing was prevalent in all of them. They ALL have someone or multiple someones who are totally convinced their product or service is going to be a "game changer". From biotechs to security software to legalized mary jane, they all think their company is going to go to $5+ within the next 6 months.
Then I look back at the CYDY and see the same kind of optimism. Fact is, only a very small % of these penny stocks are ever going to make a difference. Most will end up being gone in a few years, or they will just piss along treading water, and never really doing anything. There are stocks trading for a nickle that have been hovering around there, people waiting for 5-10+ years for something to happen. Just "holding the bag" so to speak.
For those that got in on CYDY early, it has already made a huge difference. Get your cost basis to 0 or near 0, or lock in some profits and then enjoy the ride. No reason to stress it. For those of us that got in a bit later and are trying to get on the positive side of things, I think we knew what we signed up for. I would be thrilled if I can get my cost basis down enough to cash out to a 0 cost basis and still have some shares to see it through. If it holds Monday, I will be doing just that.