What is the most you've been down on a penny stock that finally came roaring back?
You often hear the phrase "You haven't lost anything if you didn't sell" but I'm curious to hear people's best stories of comebacks they had on a penny stock they had written off as dead. A situation where maybe they were so far down it made no sense to sell at that point and so they left it there only to be pleasantly surprised that they got back in the green down the road.
I'm not talking necessarily a dollar amount down because if you have hundreds of thousands of shares in a sub 1.00 stock that drops .03 cents the losses can look bad even though you're not actually down too much. I'm talking more in terms of percentage. Say for example maybe you bought a stock at an average price of .80 which dropped to like .25 and then say down the road even if it took years it made it back above .80 instead of being delisted which you might have assumed was inevitable during that time when it was in free fall.