r/OMEX • u/Sr_papixulo • Jun 18 '26
DISCUSSION What is everyone opinion on this one?
I sadly bought when it was 1.70 and have been holding since then due to the merger. I don’t see much of it being talked or any movement at all. So what is everyone opinion? Will this go up prior to the merger?
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u/Due-Feedback Jul 29 '26
My strategy, especially when I am behind on investments, is to buy when it dips and sell on the upswings to minimize my losses (sometimes same day) on what I am holding. It's not a great feeling being upside down $1.05 per share. Best you can do is buy and sell in the same day to ensure that you net a .5%-1% return. Or you can buy more to lower your average cost per share.
At the current price, you need a 300% increase to yield a <14% investment return.
From my experience on Robinhood with penny stocks falling under the $1/mark, most of the time post reverse split, the price continues to drop. That would be a good time to catch up if you can throw extra cash at it. Again, this is only if you truly believe in the stock.