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Kube :
At this point, there's probably not much to wake up to lol. I found this stock because there was a lot of retail interest and have been warning people since Dec to be careful because this thing has continued to make lower highs and lower lows for the past FOUR YEARS but it fell on deaf ears. They only look at the short time frame and see a small pump and buy in and hope it will continue to go up. Buying on a down trend means you are trying to catch a falling knife because until a higher high is made, there's no indication of a bottom. If you aren't a trader and just buying to hold for a while, then wait and only buy when both the fundamentals and technicals are aligned. I get the allure of penny stocks that many new retail investors fall into because the stock is cheap, you can get more of it but remember it's a penny stock for a reason and such a low market makes it easy for a larger player to move it however they want. It's not about the price but the growth potential. Find solid companies with strong fundamentals and then find a good level to buy based on the technicals. Even a huge company like Nvidia managed to climb 600%+ in the past 15 months. Quality over quantity.
70673812OPKube:
Yes but this company BETS/BETSF has done unethical and possibly illegal activity like creating news that appears to be FAKE just to pump the stock. This could have also involved insider trading. This stock needs a full and comprehensive criminal investigation
Kube70673812OP:
I wouldn't be surprised. As a general rule of thumb I just don't invest in Chinese stocks because they are easily susceptible to shady manipulation and geopolitical tensions between the US and China.
Kube : At this point, there's probably not much to wake up to lol. I found this stock because there was a lot of retail interest and have been warning people since Dec to be careful because this thing has continued to make lower highs and lower lows for the past FOUR YEARS but it fell on deaf ears. They only look at the short time frame and see a small pump and buy in and hope it will continue to go up. Buying on a down trend means you are trying to catch a falling knife because until a higher high is made, there's no indication of a bottom. If you aren't a trader and just buying to hold for a while, then wait and only buy when both the fundamentals and technicals are aligned. I get the allure of penny stocks that many new retail investors fall into because the stock is cheap, you can get more of it but remember it's a penny stock for a reason and such a low market makes it easy for a larger player to move it however they want. It's not about the price but the growth potential. Find solid companies with strong fundamentals and then find a good level to buy based on the technicals. Even a huge company like Nvidia managed to climb 600%+ in the past 15 months. Quality over quantity.
70673812OP Kube: Yes but this company BETS/BETSF has done unethical and possibly illegal activity like creating news that appears to be FAKE just to pump the stock. This could have also involved insider trading. This stock needs a full and comprehensive criminal investigation
Kube 70673812OP: I wouldn't be surprised. As a general rule of thumb I just don't invest in Chinese stocks because they are easily susceptible to shady manipulation and geopolitical tensions between the US and China.