First, and this is important, really, really cheap stocks are cheap for a reason--they either don't make money or simply don't have a book of business that amounts to much.
As for Advanced Plant Pharmaceuticals, they had a relative high of just over a penny early in February. But then they bought another company, Biodiesel World Health. Companies acquiring others usually fall in price--the market calls it a digestion period, or indigestion if it isn't a good fit, which cause the price to fall more dramatically.
If you are trading, sorry pal, you bought high so you will have to sell low. If you are investing, then hang on and ignore the current price, it is the future prospects you are interested in. Prices will always flop around in the meanwhile. So decide: if trading, you blew it, if investing, the best is yet to come--if it lives so long (small companies, more frequently than large companies, do go bust).
2007-04-16 05:00:15
·
answer #1
·
answered by Rabbit 7
·
0⤊
0⤋
ob stocks, otc stocks and pink sheets stocks are not investments
these trading arenas are un-regulated, there are no financial statements that are audited, stocks are promoted by the principals of the companies, stock rating companies, and newsletter companies are paid to write glowing reports to hype the stocks, so insiders can sell their really cheap shares at higher prices.
Stay away from these stocks, you are just canon fodder and your money will always be gone.
2007-04-16 13:02:20
·
answer #2
·
answered by bob shark 7
·
0⤊
0⤋