posted
Hello, I've been checking out posts here for over a year. I tend to see a lot of poeple post a stock, say it's hot, and then tell you to go find out for yourself but that you should buy it.
I'm going to be on the straight and level. I can tell you about stocks I've bought that were hot and I made a lot of money on, but anybody can say anything they want; who can verify it?!
Here is why I believe SWTS is a good buy.
As you may or may not know, some companies buy up other companies that are in the hole in order to acquire their ticker symbol. You probably do know getting listed on the stock market is a huge task and sometimes it is easier to buy a pink sheet company just to get their stock symbol.
SWTS, Sweet Success, I believe is one of these companies. However, they were bought out by a company that has an actual interest in them and they are building the company back up. I see as I search the forum somebody wondered about this stock back when it was 10 cents. I hope you purchased it if you were one of them. As of today it is at $2.00.
I believe it will rise and fall a bit, but that shouldn't cause any worry. I believe this stock will be worth between $7-10 within 2 years.
If you're looking to make a quick buck then stop reading now, I'm talking about the future of this stock. I'm not here to pump it and hope on Monday everybody buys it so I can make money. I plan on holding on to this stock until it has more than doubled.
My reasons for believe this to be the cause are simple.
The company has just started distributing product Texas and will also start in Florida and Nevada.
Based on that information along it is clear this is a company trying to make a come back. Not even that so much, but it was bought out by a company that was on the up and coming and they saw it for what it was, a booster to meet their goals.
Here is credible news and links on their www.sweetsuccess.com web site. Sweet Success News Again, it is obvious beyond the shadow of a doubt this is a company trying to make a come back.
Now, here is something I think is very exciting about this stock. If you look at the news links on their web site, they signed a deal with Mark Burnette. If you don't know who Mark Burnette is, he is the producer of the two reality TV Shows Survivor and The Apprentice.
If you have ever watched one of these shows, specifically The Apprentice, you might know why this is exciting. I'm sure Mark Burnette as well as people he works with buys stock in every company he signs a deal with. When Mark works Sweet Success into one of his shows, the company will explode with name recognition. I can just see it now, The Apprentice - "Your task this week is to develop a marketing campaign for Sweet Success, a company on the come back that was recently bought out by another company interested in breathing life back into the product line."
That's ALL it will take.
Let me establish a little more credibility here. I didn't just pick this stock off the list of because of the news. They make fitness replacement meals. I've been involved in weight lifing, fitness, and what not since I was in my early teens. I know that 90% of people don't know anything about meal replacement products, power bars, and you name it. All it takes is for them to recognize the name and they will buy it. Not only that, but their product is of quality as well, it's just the name recognition will massively boost the company.
I can't do ALL the research, but if you know about The Apprentice and some of the products and companies they featured, you know it has impact.
I'll let the facts speak for themselves.
Most of the stocks I own are large companies. I did catch BIDU on the way up and made out nicely, exiting on Monday during it's peak that day. Currently I own FedEx Corporation and Marathon Ashland Petrolem stock. Those aren't cheap stocks to own, but these are typically what I invest in. Again, you as the reader have no proof as to this, I could tell you I own 1,000 shares of Ebay (I wish I did!).
However, I think this is a good company to invest in. Last year I was really interested in Wet Seal, which was down to 65 cents but I didn't like the idea that it was a penny stock. Now I see it's trading in the mid $5 range and I wish I would have tossed a thousand at it.
Thanks for taking the time to read this. Let me know your thoughts on this stock as well. I don't plan on short selling it, I seriously believe it will be a $7-10 stock within a year or two. Even if it under performs, I'm sure it will at least hit $5. Just wait until the next TV season starts and Mark Burnette features the company. The stock will definitely jump because it will be pumped, I'm sure people could make a lot then on the short, but the long is still a good buy.
Scott
Posts: 19 | From: Toledo | Registered: Aug 2005
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posted
Thanks. I've been checking the stocks people are posting about and then checking the market, I don't see too many "hot" stocks living up to the expectations. Seems like everybody is looking to cash in on a rally to make money back they lost.
Here is another stock I've been watching. QOIL
I actually bought it at .32 and sold it yesterday for .60 cents. It just seems to keep going up, the volume is pretty good as well. I was skeptical because the business has changed ownership/function 2 times now. They went from medical, to media, to oil, but I think it's another example of a company buying to get the stock symbol. Appearantly they as spudding a natural gas well. Unfortunately, I don't know a whole lot about that business. My buddy who's wife is an exec attorney for one of the largest oil companies turned me on to it.
I ended up selling, but I think it might just keep going up. It's at 68 cents right now. 52 week high was $2, and it looks like it's consistently heading back by about 8% a day.
I'm hoping to establish some credibility here, so that in 6 months or a year I can say "Go back to 8/16/05 and look at my posts and picks". Ya know?
Thanks again. I can't wait for Sweet Success's distribution to really kick in. I'm trying to get a hold of their product to sample it myself.
Posts: 19 | From: Toledo | Registered: Aug 2005
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Okay, I really shouldn't have sold it for .60 yesterday. I'm going to watch this one the rest of the day, guess I'll buy it back if it finishes solid today. I'd be impressed if it closes at 75 of better. Even .70 would be impressive being it opened at .66.
They just did 2 more PR's too.
Posts: 19 | From: Toledo | Registered: Aug 2005
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posted
Alright, I decided I should buy QOIL back. This time I bought 1400 shares though. Before I just had a couple hundred bucks in.
Posts: 19 | From: Toledo | Registered: Aug 2005
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If you would have purchased this stock when I first recommended it on Friday, you've made 14.5% by now.
$1000 x 2.00 = 500 shares
500 x 2.29 = $1145
$145 profit in 3 business days. Not bad at all.
I'm not expecting this stock to double until late winter/spring. At this rate it could double ahead of my expectations.
14.5% isn't to shabby, especially when popular mutual funds top out around 14% over a 10 year rolling average.
Personally, I like trading stocks better. If they dip, I can sell them, if they go up, I can make a lot more. It also gives me hands on, so I know exactly what's going on with my money. Even IRA's and Mutual Funds can lose money, sometimes a lot.
I'd rather invest in bigger stocks, but I'm having a LOT of fun investing in these dollar stocks.
I hope my tips on the 2 stocks I've been talking about are coming in handy. As I come across more stocks I like, I'll continue to post.
My goal is to post solid stock that are going up. I don't plan on posting any stocks trending down and telling you they are going to be winners. My picks should be solid and I'll keep backing that up with sources, information, as well as putting my own money into them WHEN I post them.
Maybe it's just me, but a lot of the stocks I see people posting and pumping up recently took a big hit. It's my personally opinion that they bought high, took a hit, and are now trying to save themselves by talking the stock up.
My advice, sell it before it goes down further, never by a stock trending down unless you're short selling.
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