Welp, the stock for USMJ has teetered toward .0006 on a day or two since my buy, but today it's fluctuated between .0003 and .0004. I really thought I'd have turned this over a few times. Guess I'll just have to hope to clear it just the once if there's a way-up.
Death knell. It might go up, but it might not. Why are you willing to risk the rest of your capital on hope? Put in a limit order, take your loss, and consider it a cheap life lesson.
Looking up limit order........and this is why I'm glad I posted about my stupid idea.
Thank you.
To answer your Q, it's not a lot of money, but I am seeing that dividend-yielding, established, successful companies are more worthy.
If it's not a lot of money, I'll give you my address and you can send it to me. Of course I'm joking, but digital money has caused you to think you'd just waste $1500 on anything. You wouldn't. Why not buy 1500 $1 lottery tickets. Preposterous, right? But, that's exactly what you're doing buying a highly speculative penny stock. I'm someone that believes you can beat the market investing in individual stocks if you put in the time, effort, work, etc., especially if you have a passion for it. If that's you, read some books on how to trade stocks and hone your skills. Don't expect to get rich on one trade and like any other discipline, it takes years to get good. Don't throw your hard-earned money away in the hopes of getting rich quick.
Agreed, and there are many good sites out there, like Motley Fool, Wealthy Joe, etc.
I haven't made a fortune in stocks, but have made some good trades (short-term gains) based on things I've seen. For example, in 2017, when Amazon bought Whole Foods, Kroger grocery stores took a huge dump. I took a bigger look at Kroger, and personally didn't see that anything changed, especially in the immediate future. They were still an excellent employer and were still selling apples and bananas. So, when the stock fell off a small cliff, I picked it up a little too soon at $23, then had to hang out for a bit for the quarterly reports to come out. When they did in the fall, I turned a nice little profit.
Had I kept it, the stock would be about even at this moment, except that I'd have taken home reliable dividends every 3 months, and honestly, that would still be pretty good. Reliable income off of the stock of a great company that is of good service to communities around the country - it's certainly more than can be said for USMJ, which, sadly, isn't appearing to be much a business.
Not meaning this as a criticism. You seem to have criticized yourself enough already.