Quote:
Originally Posted by Dbacksbaseball
I am getting smoked this week. Trying to learn a little from
you guys here’s.
Honest question—-I bought into ZOM at $2. It’s been dropping like a rock the past two weeks and officially crashed below a buck. I’m assuming at this point just hold and wait for an earnings report.
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What made you buy it? Was it price action or was it drug pipeline? If it was price action, you fooled yourself. If it is the drug pipeline, see it through.
We don't dabble in anything in that price range. There are reasons for that.
You said to wait for an earning report. Do they even have anything out on the market? If not, they won't have any substantial earnings. I don't know enough about the company to call it a dog, but re-think the investing in a company sub-$3 because it sky rockets one day. They generally retrace and the investor is stuck holding that bag. There are exceptions (NVAX was one) but it took a global pandemic for it to take off.