posted
SKFT was up 50% when I looked awhile ago, but breakfast was ready and so I didn't mention it. Now it is up over 170% for the day, and no PR. Has been climbing since last week when it was mentioned here, and now, today it is really taking off. May be some news ready to be released. Maybe a big contract or some other news that shows that this is a real company. It was mentioned by others here that some big company might come along and duplicate their process and so put them out of business, but that may not be that easy. When I mentioned it it was in the .015 range. Now it is in the .06 range in less than a week. I hope one or two people bought it last week. If it turns out that they have an exclusive patent, or at least patents enough to make it difficult for another company to horn in on them, then I can easily see them reaching .40/share and possibly many dollars a share. Expecially the way it is shooting upward this morning. There might be a PR before the end of the day. I plan to hold it long time, but somebody might want to try a quick trade, plus keep some for longer term appreciation. Here is what I wrote last week:
Author Topic: SKFT Small # shares, great product. literally a penny stock price STAR GAZER Member
Member Rated: posted June 26, 2007 20:50 -------------------------------------------------------------------------------- Strikeforce Technologies has developed a product that encripts your computer key strokes as you hit the keys on your computer and so any spy device can not see what you are typing. This prevents identity theft and protects your valuable information such as when you query your on line bank statements. The company is starting to sell its products, and yet even though it doesn't have many shares, it price is less than 2 cents a share, and that's even after being up 18% today. The company has developed an excellent product that is going to be in high demand over the coming years. It has a small number of shares which means that it can easily suport a high price number. If it had hundreds of millions of shares or even billions as some stocks have, it would mean that, even with positive earnings, unless they were excellent, it would probably only have a share price in the pennies of even just fractions of a penny. And that brings me back to its small number of shares and excellent products. The company should start getting positive earnings some time next year. It has a product that people are going to want and as people learn about their product and demand for its product rises, its sales start are going to start taking off. And yet, even though it doesn't have hundreds of millions of shares, its price is less than 2 cents a share. Unless there is something I'm missing, its share price should be in the dollars, especially once people start buying their product and start telling others about it. So it should easily hit 20 cents a share, which means that if you bought it in this price range, every $1 you invested would become $10. And if it reached $2 a share, every $1 that you invested would become $100 -------------------------------------------------------------------------------- Posts: 557 | Registered: Oct 2003 | IP: Logged |
a surfer Member
Member Rated: posted June 26, 2007 21:32 -------------------------------------------------------------------------------- Thanks star gazer
Member Rated: posted June 26, 2007 22:56 -------------------------------------------------------------------------------- Here's my gut reaction:
O/S count on 12/31/06: 28,844,494 O/S count on 3/31/07: 34,847,209 So that means they diluted by over 6million shares in 3 months, which increased the O/S by almost 25%. Seeing as we are now at the end of June, it's entirely possible that they've diluted significantly more.
What, if any, rights do they have to the idea of an encrypted keyboard? If it's a good idea and people want to do it, can bigger companies just make their own versions and push these guys out of existence, or do they have any kind of patent?
So let's say that right now they have 35million shares outstanding. Are they a $70million market cap company? A $700K market cap company? Somewhere in between?
I don't think you can, without more info, really know what the price *should* be. Although I tend to think if it's trading at .02, it's not a $2 per share company.
I'm skeptical by nature, so unless I find something more juicy, I'm sitting this one out.
Good luck to you though!
-------------------- 1) NEVER believe someone who predicts a multi-bagger. 2) "Good buying opp" = Look out below
-------------------------------------------------------------------------------- Posts: 3019 | From: West Chester, PA | Registered: Jan 2006 | IP: Logged |
stocktrader22 Member
posted June 26, 2007 23:16 -------------------------------------------------------------------------------- came to the same conclusion PC nice DD
-------------------- Disclaimer: Nothing I say is a recommendation that you purchase, sell or hold any security.
Member Rated: posted June 27, 2007 00:10 -------------------------------------------------------------------------------- Oh I can find the down side in any stock. I just need to learn to recognize the GOOD ones every once in a while
-------------------- 1) NEVER believe someone who predicts a multi-bagger. 2) "Good buying opp" = Look out below
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posted
Just curious. Did anyone besides me get into this stock? It's up a ways since it was at .015 on June 26th, but still at a good price. Yesterday it traded 10% of its float and barreled up to .06 at midmorning, but then backed off and closed at .03. Today it is up 50% and it looks like it may trade 10% of its shares again today. About 1/3 of its shares have traded in the last week or so. It still looks to me like insiders know something and are trying to buy shares before an announcement is made. We should thank them for giving us such a blatent hint of what is up. I know that I am going to thank them by buying some more shares as soon as I have finished posting this.
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