posted
Sounds good but didn't CNES dilute the crap out of their stock a year ago when they ran out of money?
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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I will admit the tech is interesting though. I ran with this stock about 1 1/2 years ago because of that.
Good luck to you.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
True. I wouldn't recommend throwing thousands at this stock, but no sweat on a couple hundred.
CNES has been hitting .0002 quite often lately so it is movable. ...however, not quite enough volume to get out of it after doubling your money. Your sell order will probably expire before it gets filled. i haven't checked the float lately but it usually takes several billion shares traded in one day to get excited about.
-------------------- Get In, Get Out...but Make Up Your Mind! Posts: 803 | From: Houston | Registered: Feb 2005
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posted
At one point in time I actually had 15 mil shares of this stock averaged in at .002
Yes that's .002
I was just about 29k in the red for over a year and it literally made me sick to look at my portfolio on a daily basis, but figured it wasn't worth selling at that point (it was at .0001 at that time)...
I woke up one morning and volume was pouring in pre-market and it ran like the wind all day, then ended up closing at .0017 and I actually held it again overnight...
I sold it all within 15 minutes after the opening the next morning for .0024 (I think it topped out at about .0028)
Recovered all my losses and actually made 6k...true story
Needless to say...I have never put that kind of money in a penny stock since...but I have purchased about 6 mil shares of this in the last week or so at .0001 just because of the volume it's been getting the last couple of weeks...love their technology...don't like the share structure...
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It's all in the timing... Posts: 4303 | From: DSA | Registered: Dec 2003
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posted
Share structure is bugging everyone. I wonder if they are purposely keeping it that way to prevent a buyout until they are in a leveraged position (ie. revenue flows and growing contract base).
Seems like the product would sell it self.
Posts: 803 | From: Houston | Registered: Feb 2005
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