Yes you are absolutely right. Theres absolutely no point with these spec stocks.
I so regret turning $5k into over $70k in the last 12 months with dead as a door nail stocks that will never ever rise in SP. RRP being the last one. I was the only poster for months but held in there .002 - .018 then daytraded up to .037.
I may be a "mug punter" but my trading style has paid off for me of late. I have my batch of researched stocks and have some ASX casino punts like this one but i dont go around bagging how other people trade.
The people getting into this type of stock know theres high risk the flip side being high rewards if it goes your way.
Good luck to all.
CLY Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held