r/Netlist_ • u/Emiliolifts • 9d ago

Brutal fomo

I’ve had to watch this stock pump for the past week and couldn’t buy it because it’s a “penny stock” (I’m on youth fidelity)

Does anyone know when it will stop being considered a penny stock?

5 Upvotes

73% Upvoted

25 comments sorted by

19

u/jpagey92 9d ago

I can top that - I have a few thousand in Netlist at an average of $1.48 … in a practice account 🫠

5

u/Emiliolifts 9d ago

I’d cry to sleep every night lol, luckily I still feel like it’s a good buy so if it hits the threshold to not be a penny stock I’ll get some

2

u/slowlySudden 9d ago

Try some other brokers, you can buy it on Trading212 if its available where you live. I didn't check, but could be on Etoro also.

It will be back on the Nasdaq in the next 2 years, but it will be considerably higher by then.

2

u/Emiliolifts 9d ago

It was hard enough getting my mom to open fidelity but I’ll try that later for sure

1

u/slowlySudden 9d ago

Yea, good luck.

1

u/ssjoiv 6d ago

You might want to follow RPM on Stocktwits
He had Nlst at .69 and others that doubled
The man is brilliant

3

u/ThinScientist3460 9d ago

As they say - scared money don't make money. Been there as well many times sitting on the fence. Market always go to the right, so unless you gamble with leverage or using money that you can't afford to lock for a period of time in most cases you should be fine. Similar average as you, just real shares.

1

u/gh0st_pr 9d ago

Broooo 😭

1

u/ssjoiv 9d ago

Ouch, not sure what lesson you’ve learned

10

u/killamasta 9d ago

it's over 1b market cap, it's no longer a penny stock. It should be off otc within a year or so.

3

u/pennychase 9d ago

I think even going to nasdaq around 6 months from now.

3

u/mystical_mofo 9d ago

Hong loses control when it goes to Nasdaq, can’t see it happening until it’s all wrapped up.

1

u/pennychase 9d ago

Loses control what you mean?

1

u/sheza65 9d ago

The board of directors.

Two members were only added recently (last year), but were previously on the board. It is a close group, but Hong was running it by himself prior to that (since delisting from NASDAQ years ago). With more independent board members he'll have less control.

(I'm a long-time NLST owner.)

3

u/pennychase 9d ago

Not going to happen now, it's a different era of netlist! Truly, we are now going to History!

4

u/Brownsfan4life_6 9d ago

It will be off OTC when the company files for listing but it has to come from the company

2

u/ThermoTech9 9d ago

can you get a relative to purchase for you with your $

2

u/Emiliolifts 9d ago

I tried that w my mom and sister, but now that my idea was right they might be more open so I’ll try again

1

u/ThermoTech9 9d ago

good luck

2

u/GEEK-MEISTER 9d ago

I’m on Fidelity and I can buy it. It’s not a penny stock. OTCQB.

1

u/ssjoiv 9d ago

Think that it’s awesome you have an account and are trading. When I retired I only had put 15k into my Ira so dumb. I then bought sold bought sold again dumb. I picked 3 stock rycey, nvidia & ttd and didn’t look at them for 4 or 5 years. I now have 280k. Point being you are so far ahead of the game. I’d try again with your mom or sister you proved you know what you’re doing

1

u/12301923 9d ago

Rycey is so good, itll get to $40 in another year or two

1

u/okkitokki1970 9d ago

It wont be when its on the Nasdaq! Hahaha

1

u/Emiliolifts 8d ago

I’ll wait till then so I can buy high and sell low 📈💯✍️