Penny stocks? I'd rather take my hard-earned money and play craps... marginally better chance of return...
I agree...No, wait a minute I disagree.
I own Ruyan, and I am a fairly active trader, although I dont make a living doing it.
Ruyan is the first penny stock I have ever owned...I have no idea what I'm doing with it. Granted, I dont have a bunch of money in it either, probably chump change compared to what some people have.
What I am mostly confused about is that I own the american version and it seems to move in a very exaggerated manner. If 0329 goes up in Hong Kong, RUYNF (U.S. offering) goes WAY, WAY up, and vice versa. I dont completely understand the relationship between 0329 on the Hong Kong market and RUNYF on the New York exchange.
0329 went up 20% 2 days ago and RUYNF went up 100%. Of course that made me VERY happy.
Last night, 0329 went up 39%. I cant wait to see what happens to RUYNF today. Maybe a 400% increase???