Fuck.
I use penny stocks purely as gambling. I don’t pretend it’s sound investing. I’ve been using MULN for the past year to gamble since it’s been sitting under a dollar for that time. This week I dumped almost two grand into it as it went from .16 to .09, DCAing as it fell. When it spikes it usually goes up one to three hundred percent this falls back down.
woke up this morning to see MULN has been halted. Apparently it was going to undergo a 1-100 reverse stock split. All I knew was that when the market opened I had lost 96 percent of the money and the restructured stock was sitting at seven dollars. I wasn’t even mad, I was so embarrassed and disgusted with myself. Was definitely going to ruin my weekend.
just checked it again and it has shot up to seventeen dollars and I couldn’t hit the sell button fast enough. Ended up doubling the money. I’m still a moron as most of you are aware, but a happier one.