posted
I sold a 1/3 of my shares in the low 3s. Riding free now. Good luck guys, this should move awesome once it gets over 4 cents.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes.
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posted
Still holding free shares. looks like it has leveled off around .02 with lower volume and nearly all sales. Supprised its holding at .02
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quote:Originally posted by stocktrader2006: Anyone still in this?
I am surprised that it hasn't rebounded to at least .06 by now.
I have 2/3 of my original shares left. Holding them for 10 cents since they are free.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes.
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posted
I think in time this bounces up...super low float and too many shares being traded, it isnt adding up. Plus 25million cash on the side for an acquisiton. No doubt they will acquire something else in the next 6 months in my opinion. This may be a huge winner in the future
-------------------- Disclaimer: Not accountable for anything I say
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posted
Will be back up to 0.1 by the end of the year. Stocks that drop more than 60% in a week deserve your attention. This stock dropped 90% in 3 days.
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posted
That is exactly my reasons for holding it all on this one...got in yesterday at .01 because of the drastic drop in pps and I couldn't find any good reason for it. The 25 mil in cash was the clincher for me...still, something doesn't add up here...this could get interesting.
quote:Originally posted by stocktrader22: I think in time this bounces up...super low float and too many shares being traded, it isnt adding up. Plus 25million cash on the side for an acquisiton. No doubt they will acquire something else in the next 6 months in my opinion. This may be a huge winner in the future
They are very serious about making a business acquisition and that is actually the reason they IPO'd at $6.00 share. They raised 23million which they put in an investment trust and will use this for a merger. There is only 5,600,000 shares in the float. This is so undervalued at .03 it is not even funny.
-------------------- Disclaimer: Not accountable for anything I say
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the chart is starting to shape up here. I think we see a very big bounce next week, especially with any updates from the company. RSI is still oversold and very low.
From what I see, the movement today was justified by the on balance volume indicator and accumulation line started to peak up as well. The stock closed with a bullish white candle, and selling pressure based on CMF is starting to fade. Also stochastic is peaking up and may cross, which would be a bullish signal.
-------------------- Disclaimer: Not accountable for anything I say
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