I believe Dardadog had said something about this stock roughly 6 months ago. it went up to around 0.45 (52week high) then dropped off. I am not seeing a bid ask on my screen.
To my understanding this will make it difficult to get in and out at your desired price. Am I wrong in thinking this?
Posted by Machiavelli on :
seems to be doing pretty good today.. has a volume over a million and its up .045 per share...
Posted by Mini Me on :
January 5, 2005
Taking Safe Risks With “Play Money”
The description of Penny Stocks (“Microcaps”) in the Wall Street Journal article today, January 5, 2005 titled “Investing Your Play Money” perfectly describes the possibilities that exist for Kenilworth’s “Roulabette™ Systems”, an annual $500 Billion net win market worldwide.
See Kenilworth report on “Is There a Future for Lotto?” at www.Roulabette.com
Kenilworth is in active negotiations both in the U.S. and in foreign countries for approval from the respective Legislators, Casino Control Commissions and Lotteries to permit live in-progress interactive casino table game broadcasts via satellite to television sets in homes, OTB offices, racetracks, hotel rooms and other public gathering places. The broadcasts will enable viewers to place wagers on the games as they are in-progress. The lotteries and their licensed lottery agents and terminals will accept deposits and pay prizes, the same as selling lottery tickets and paying prizes, using their database to control who may play. (Absolutely preventing minors and impulsive gamblers from wagering.)
When one U.S. state approves the simulcast there are 40 additional states that have lotteries and are in the remote gambling business. The domino effect propelled by the need for extra funds for education, other social services or supplement their budgets could explode momentarily into a $200 Billion market in the U.S. alone, with each state collecting an approximately additional one billion dollars annually in revenue (income).
Investing Your 'Play Money' With Market Returns Modest, Investors Set Aside Funds To Gamble on Risky Assets January 5, 2005; Page D1
Microcap Stocks
Investing in microcaps is like foraging through an old mine — it is a dangerous place to play but potentially rewarding if you stumble upon a nugget of gold overlooked by others.
That is especially true for the smallest microcaps, known as penny stocks, because their shares often trade for just pennies apiece — though some do fetch a few dollars a share. These tiny companies are far removed from Wall Street's radar screen, and as such the market for their shares is wildly inefficient. With a little homework, you can often find financially solid companies trading at cheap multiples with great prospects.
The reason points to the risks: Corporate financial information is unusually rare, sometimes nonexistent. Penny stocks may trade only a few times a month, or not trade for a year. The shares typically aren't listed on a big exchange, but instead post on the Pink Sheets, an electronic stock-quotation service that doesn't impose the same standards as does the New York Stock Exchange or the Nasdaq Stock Market. Analyst research generally doesn't exist, so you must research the companies yourself or build a relationship with an investment firm specializing in microcap trading and offering investment advice. Worst of all, the penny-stock world is rife with promoters of worthless stocks.
Still, great profits can be made in corners of the market where few investors tread. On news it would control a majority stake in Elvis Presley's estate, microcap Sports Entertainment Enterprises Inc. recently surged from just 10 cents a share to as high as $11.20.
So where do you find promising penny stocks? Walker's Manual of Unlisted Stocks is considered the bible of small-company stocks, and is often carried by public libraries. Pinksheets.com posts various companies' quarterly and annual reports, and many companies, even though they might not be required to report to the Securities and Exchange Commission, post financial data on their own Web sites, or will send it if you call.
—Jeff D. Opdyke and Justin Lahart
Safe Harbor Statement: This newspaper report contains forward-looking statements that involve risks and uncertainties. Actual results could differ materially from those discussed in such forward-looking statements based on a variety of factors. Other risks are reflected in Kenilworth Systems Corporation filings with the Securities and Exchange Commission.
Posted by Mini Me on :
The last time KENS saw this much volume it ran up to over 40 cents,so it's possible it could be headed back up to them levels. With a relatively low O/S(131,577,921) if this company releases some good news in regards to their product,this one could run big time.
Posted by Mini Me on :
Up 27.5% today on 2,395,366 volume!
KENS is also on the SHO list if anyone is interested.