I tried to warn you guys a long time ago. This is not a Bitcoin related company. It is a tea company. It has now been delisted. Don't trade this company if you are thinking about it. It won't recover.
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Kube : I said the same thing multiple times, but people don't want to listen. just looking at the chart and it shows you it's been making lower highs and lower lows for like the past 4 years. There are so many better bitcoin miners out there that do this as their main business operation so idk where their conviction is coming from to stay with this. Is it because it's a penny stock and they think it could 1000%? Nonetheless I like to check back on this every now and then because it's amusing.
SpyderCallOP Kube: I always assumed that this was a stock being pumped on YouTube, reddit, or any other social media. That is why I thought everybody liked this stock, but I'm not sure.
And I still check the charts of a lot of meme stocks from time to time. Like AMC, GME, BETS, etc. Sometimes, you can get a good swing trade out of them. But not once they get delisted. I tend to stay away from deliated stocks unless they are legit companies. Like BYD, Nissan, roll royce, ASX 200 ADRs, and other things like this.
Kube SpyderCallOP: This was being pumped on social media but it was because of $Marathon Digital (MARA.US)$ earnings hype back in December and Bitcoin rallying. Newer investors tend to gravitate towards cheap penny stocks because they think it could offer them bigger returns. I know I did when I first started investing as well but it's not about the price of the stock but the growth potential and if I'm investing in a specific sector, as a general rule of thumb I like to follow the sector leader and in bitcoin mining, that's $Marathon Digital (MARA.US)$ $CleanSpark (CLSK.US)$ and $Riot Platforms (RIOT.US)$ . Heck even $NVIDIA (NVDA.US)$ when it's at multi hundred dollar value a share have done better than this. imo MARA doubling at 20 to 40 is just as easily as this doubling to 2-3 dollars.
SpyderCallOP Kube: Agreed. The penny stocks have much more volatility and can provide quick spikes up in price for quick trades for big profits. But then they can spike back down just as fast. That is why I stay away from most of them. If I do trade them, then I get in and out quickly.
BelleWeather SpyderCallOP: It is popular on Reddit among the Short Squeeze contingent.