With the amount of O/S Shares how high could this stock realistically go. ?
quote:Originally posted by machtabow2: I'm proud to say that i've recognized many breakouts before they've occured in the past few weeks. In many cases they were simply hot stocks that were oversold... nonetheless many made many 50% to 100% gains.
Now... the big question. Will PGHI breakout in the next few weeks. I was reading the post by PSU regarding breakout stocks that are breakout in an overbought position. Great read... see attached... http://www.investorshub.com/boards/read_msg.asp?message_id=1805873
Nonetheless.... lets try and apply it here and see how it works. PGHI stochhastics are now around 60... (Watching for 65/66 which should happen soon)
I've noticed that even though there are up and down here... it is continuing to trend upward and doing it well.... Also... as discussed 5 day has crossed 10 day ma... and there is very strong momomentum...
on balance volume increasing significantly...
Finally Bullish MACD crossover is occuring as I type. (Indicating bulls are in control ... )
I'd be much more confident making a recommendation to buy here... but will only say that I'm buying several hundred thousand today at .023-.024... in the long run (Could I get in for less...maybe.. maybe not... but I'm looking at upside from here as more important)... regardless I believe I will gain 500-10000% ($2) in the next year... so the risk/reward .... will be reward... the question posed... is will it break out in the next week or so... I think it may... (When I say breakout... I'm talking about a giant move... 100%, 200% or more)
Why I like this stock so much... PGHI has recently acquired Veegeez.com... an online game rental company similar to NetFlix... people on the net are comparing the two... and the possibilities for Veegeez... NetFlix stock surged in one year from sub $1 to over $60... (See NFLX) and the expectation here is at least for big gains from current levels....
Upper bollinger band around .027... and it was pierced Wednesday with a rush to .03.. and now is consolidating... A break through the upper bollinger band can often signal a near term breakout... when bollinger bands are tight...
Finally... what may send this baby over the top in the next few weeks... they are expected to release there new Website and the new company name which I believe is GamesNFlix.... which should give it a double boost....
Due your own DD... here... and let me know what you think... I'm looking up and believe a breakout will send this to .08-.10... very soon. Remember... buy when everyone else is selling. mach
posted
Hi Mach, yes, may be consolidation today. I checked out many technicals and over 90% indicates that this stock is a buy, clear uptrend is happening, we have to load by these lows 0.02s.
quote:Originally posted by machtabow2: Hi Mav... It's been difficult picking up shares today.... Was hoping we'd get some selling at the open... trying to pick some up at .024... but didn't work... I had to pick a few more up at the ask. Hoping for a breakout continuation this week... would be nice. Today may be consolidation... mach
posted
Shares Outstanding: 317.07M Float: 133.20M % Held by Insiders: 57.99%
The float is relatively small here. 58% of Outstanding shares controlled by insiders. Supply/Demand determines price movement and I anticipate substantial demand in the near future. I will not guess "how high"... but I will say much higher than current trading levels. In fact... several hundred percent from current levels is very realistic. mach
quote:Originally posted by Sigma_1966: Newbie question
With the amount of O/S Shares how high could this stock realistically go. ?
posted
I think the breakout may occur within a few days... I suggest a few weeks as I am always cautious... but really it may be Tuesday/Wednesday... Bollinger Bands are very tight and we are pushing the upper band very hard... the fact that it pierced the upper band a few days ago... was my first indication that it might be breaking higher... mach
quote:Originally posted by Mav: Hi Mach, yes, may be consolidation today. I checked out many technicals and over 90% indicates that this stock is a buy, clear uptrend is happening, we have to load by these lows 0.02s.
posted
Mach, I am keep checking charts and technicals and they indicate a solid uptrend ...
quote:Originally posted by machtabow2: Shares Outstanding: 317.07M Float: 133.20M % Held by Insiders: 57.99%
The float is relatively small here. 58% of Outstanding shares controlled by insiders. Supply/Demand determines price movement and I anticipate substantial demand in the near future. I will not guess "how high"... but I will say much higher than current trading levels. In fact... several hundred percent from current levels is very realistic. mach
posted
Mav, I hope you've managed to pick a few up so far today... It's beginning to move strong as anticipated... though I was hoping for a flat day to accumulate... must get in before it breaks .03... mach
quote:Originally posted by Mav: Hi Mach, yes, may be consolidation today. I checked out many technicals and over 90% indicates that this stock is a buy, clear uptrend is happening, we have to load by these lows 0.02s.
posted
It would be nice to pick more up at .025... if it breaks .03 today... skies the limit... you will see a run for a few consecutive days... mach
quote:Originally posted by Mav: Yes, I am loaded already, but I want to buy MORE, but don't have enough money, this may break 0.03 today and will keep moving up.
posted
Again Mach, I just took a look a the 1 month chart and this uptrend is just at it's early stage so I think there is a long uptrend road ahead ...
Posts: 943 | Registered: Oct 2003
| IP: Logged |
posted
There's no doubt... very long... I like the business concept... gamesnflix... i like the fact that they are benchmarking netflix which ran from $1 to $60 in 1 year. I like the fact that the President John Flemming is also VP of Ford Motor Company. Qualtiy People... make Quality Products... and this will be very hot in the future... as it is developmental right now... and yes... we can see this all in the techs... mach
quote:Originally posted by Mav: Again Mach, I just took a look a the 1 month chart and this uptrend is just at it's early stage so I think there is a long uptrend road ahead ...
posted
It has pierced upper bollinger band again.. I think this is the initial stages of the run continuation... mach
Posts: 2695 | From: orlando | Registered: Sep 2003
| IP: Logged |
posted
I don't mind when the run begins... but a PR tommorrow and this will really run... mach
Posts: 2695 | From: orlando | Registered: Sep 2003
| IP: Logged |
posted
Hey Haz... I have a good feeling too... Let's see what happens. You never know... in a few days... we could be @ .08-.10... very possible.... Regardless. A year from now .02-.03 will be a distant dream for many... mach
quote:Originally posted by hacvelez: I'm in at 0.028. Have a good feeling about this one. andres
posted
I know... I've been watching it... It's crazy... we are at .027X.029... I'll be happy with a break today... but I'm very certain that it will happen either tommorrow or Wednesday at the latest... You have to get in under .03... Once it breaks... it's gone... mach
quote:Originally posted by Mav: Hey Mach, the MACD looks great, this is the time to get it ....
posted
I don't keep my eyes off the chart, I also think once it hit 0.03 will go up more ...
quote:Originally posted by machtabow2: I know... I've been watching it... It's crazy... we are at .027X.029... I'll be happy with a break today... but I'm very certain that it will happen either tommorrow or Wednesday at the latest... You have to get in under .03... Once it breaks... it's gone... mach
[This message has been edited by Mav (edited December 01, 2003).]
posted
MM continue moving bids up.. Now two at .027... no pullback yet... will we see one at all? mach
Posts: 2695 | From: orlando | Registered: Sep 2003
| IP: Logged |
posted
I honestly see this stock trading up much much higher in the next few months... I tell you .02-.03 will be a dream for many two months from now.... This is one stock that has the potential of making you very wealthy, very fast. mach
quote:Originally posted by Mav: I tell you If I'd had more money I buy more ... I need to transfer more money here.
quote:Originally posted by machtabow2: I honestly see this stock trading up much much higher in the next few months... I tell you .02-.03 will be a dream for many two months from now.... This is one stock that has the potential of making you very wealthy, very fast. mach
Posts: 292 | From: Baltimore, MD, USA | Registered: Oct 2003
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
