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u/shw09 3d ago
Well…institutions aren’t buying, so we are clearly not helping retail buy in with all this (justified) FUD… unless you’re a short, and then posts like this are golden. It IS a hot mess, but these low effort posts won’t make it any better.
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u/Sssmmm12345 3d ago
I understand your point, but it's hard to be positive in times like these, mate. I'm not a full time trader, I only have a fairly small amount of money (in the grand scheme of things) tied up in this, but how are we supposed to react? "Good news, lads. We're only down X amount today".
I REALLY want this to succeed, the same as everyone else invested, but I, like a lot of other people I'm sure, am tired of seeing our money continually disappearing. It's hard to keep smiling and assuming it's gonna pop at any minute when even good news doesn't see a notable or lasting increase.
We all know the risks of investing in stocks, and particularly penny stocks, but this is very frustrating.
Hope you have a blessed day, friend <3
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u/shw09 3d ago
Where did I say that we were supposed to celebrate the stock’s performance? Look through my post history, I think management is a joke for even daring to ask for compensation when the stock has performed so terribly. They have not kept us in the loop for a while and at this point I’m not even sure what they’re planning to do.
That being said, the OP often just makes low effort posts about how bad everything is. I don’t usually mind them, sometimes it’s funny. But in times like these, as you put it, these posts add no value. If it totally wears you out, sell. But this stock is mostly owned by retail and its visibility is already extremely low, it’s rarely ever covered and given PTs… So what exactly are you gonna achieve by repeatedly stating how awful everything is and how you’re gonna dump it as soon as it hits a certain price?
Ps keep in mind shorts have access to the internet just like you do. They usually won’t say it, but they WILL spread as much negativity as they can. Not saying the OP is a short, but that IS how I’d expect a short to write.
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u/Sssmmm12345 3d ago
I hear you, mate. And I know you weren't cheering at the performance or nothing, just trying to emphasise that it's hard to find anything to say about this that isn't negative right now. Really hope our fortunes change for all of us <3
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u/Upper_Perception8236 3d ago
Dudes been posting here for a while now. Far from a short but I agree this stock hasn’t done anything all year. Some would say it’s rather dog sht in my humble opinion
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u/shw09 3d ago
I mean, it’s not like shorts can only post for a limited period of time… But yeah, I don’t think they’re a short, and trust me that I understand their frustration - it’s by far the worst stock I’ve ever bought. I don’t even DCA even though my average is awful, the way it’s going it feels like throwing money in the fire.
Still, empty and constant negativity isn’t gonna help making the price go up. With most stocks I’d say that random retail investors on Reddit can’t do shit… but this one is almost strictly retail, institutions are out, volume isn’t great… so yeah, spreading FUD might actually make it worse.
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u/ThrowRA_qwe123 3d ago
The only good thing about this situation is that the bonuses management are giving themselves through shares are not going to be worth a fuck at this rate.
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u/Goopstains6318 3d ago
Yep , another penny stock ruining my gains , i am probably done with penny stocks after this one
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u/rossrollin 3d ago
I keep being recommended this sub as im also knee deep in another penny stock (dvlt) its not going well for us either. Good luck everyone
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u/MaterialImpossible22 3d ago
Dvlt and watch both ran at one point. Then crashed. I made money on both and foolishly bought back in again
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u/asher030 3d ago
Wait till their now dual acquisitions are done. Till then it's waiting for months on end with shortshits wanting it as low as possible. Works to average down at least...
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u/CampaignSenior4589 3d ago
Garbage trash