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LFZA Reverse Merger Running
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[QUOTE]Originally posted by beechwood: [QB] atthebank said: : i'm still learning to read the charts : The first thing you need to know about penny stocks is that fundementals & charts don't apply as they do with the major exchanges. In pennyland (i.e.; the OTC:BB & pinks) price is moved more by PR, hype, and MM manipulators on the trading floor. I've seen stocks that shouldn't be making a dime go through the roof in pennyland while stocks that have a decent balance sheet/chart crash & burn. Genrerally, buy in at support (52.week low) if you can and sell at resistance (near 52 week high). Don't try to apply logic to pennies - it won't work. Reverse mergers, like LFZA here, present a golden opportunity to see a stock skyrocket. It's a chance for a private company to trade publicaly w/o setting up an expensive IPO. The public comapny then traded is commonly called a "shell" as they are the co. that now trades under the private co. that aquired it. A name/ticker change usually follow driving the price even higher. Watch for LFTA to change it's ticker symb. & see. Anytime a stock is bought out (a.k.a.; aquired) through a R/M the aquired company's stock usually spikes dramatically for some time. Such is the case with LFTA here. Also the same with SROE and TTDS (which I missed) Check out the six month charts on these and you'll see what I mean. I own scores of these double/triple shell candidates w/o a lot of baggage (debt, liens, etc.). You can buy tons of shares real cheap for same. Many simply flip on a point or two gain and you can make a few bucks here and there. Occasionally you can turn a shell (like LFTA) into a gold mine if you get in early and hold. The best thing that can happen to a penny or sub-penny stock is a reverse merger. It can make you a fortune in a matter of days. [/QB][/QUOTE]
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