posted
How many people in here knows of a stock that has traded with relatively high volume at .0001 PPS and recovered to .0002 and above without doing a RS?
[ December 23, 2006, 01:30: Message edited by: Bob Frey ]
Posts: 203 | From: Ft Collins, CO | Registered: Nov 2005
| IP: Logged |
posted
GWGO trades millions of shares a day and can't move from .0001.
Looking at their web site it's hard not do be impressed by the company and jump on board but until they do a major buy back to reduce the float and then retire the shares the PPS isn't going anywhere fast.
Posts: 2498 | Registered: Mar 2006
| IP: Logged |
posted
Yea, I have been holdong GWGO and it has not moved since shares sold at .0001 but I dont know if I should hold on to it. Based on the responses here I do not think that there are too many stocks that have bumped up from the .0001 PPS unless they did a RS.
Posts: 203 | From: Ft Collins, CO | Registered: Nov 2005
| IP: Logged |
posted
Indeed, the low triple zeros almost always do a R/S and leave you holding the bag. I rarely buy anything below .0005/6 When a stock pulls it self out of the gutter (triple zeros) and into the low double zero range it's worth a hard look.
Posts: 669 | From: Gouldsboro, Pa. | Registered: May 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
