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For those who follow my picks, I bought here I am going to hold for a little while. I think we can see 3-or 4 times your investment depending on where you bought in!!
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From Pink sheet Outstanding Shares: 1,490,000,000 as of 2006-09-27 Estimated Market Cap: 1.639M as of 2006-10-27 (based on Outstanding Shares as of 2006-09-27) Authorized Shares: 3,000,000,000 as of 2006-08-22 Float: 280,000,000 as of 2006-09-27 Number of Shareholders of Record: 150 as of 2005-04-19
Still looks like low O/S for u ?
-------------------- To reach hill top start from the top
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The rev is about 4 M$ per year and the market capital is only about 1.5 M$. So the O/S is relatively small at current pps level. The average trading volume is only about 6 M shares per day. It took very small volume to move this stock during the last few runs.
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quote:Originally posted by ATL8ball: What's draggin' this guy down?? Seems like a company with a plan and room to grow...
Mah-nip-u-lation. Plus it looks like they diluted a little bit during the last run to .0035
Very buyable at .0009 today, couple of buys snuck in at .0008. Looking at this you might have to sit on this for a couple weeks, but getting 'right'.
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RDFU seems to have a good idea going but the "other G & A expenses" listed on there web page is an area of concern. The largest bills RDFU has shouldn't be called other!
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All pink stocks are for gamble only. 70% of them will hit the bottom and rebound, like IGAI, IPKL, and PYPR; 30% of them will have R/S before rebound, like MSEP. Never put too much money in one position. CHNW will likely behave like IGAI. If you have any doubt, just gues what the MMs are doing, are they selling or buying? Do what they are doing. If the general public are calling a stock POS, buy it, especially when it is at the bottom, like CHNW and RFDU now, watch these two after two weeks. Just treat each deal as a gamble. Good luck.
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