Saturday, July 26, 2014 9:10:10 AM
XUII has now bounced nicely off a recent all-time low of .0005. And within the past 52 weeks, it has traded in the multipenny range.
I've seen a number of stocks with these two characteristics (bouncing off of a mid triple zero price without ever dipping into the range of .0001 - .0003 and having also traded in the multipennies within the prior 12 months), that have gone on to run back into the multipennies after the bounce.
One such example is NTE*. Just as with XUII, NTE* had bottomed and bounced at .0005, and was trading in the multipennies within the prior 12 month period (see chart below). After the bounce from .0005, that stock went on to return into the multipennies, peaking at 17.78 cents just 12 months later. Additionally, it remained above 10 cents for many months allowing anyone/everyone who rode the stock up from anywhere near .0005 sufficient time to get out at an enormous gain.
It is important to note that I am not trying to equate one company to the other. I am only pointing out the charts and price movement. As I stated above, I have witnessed numerous OTC stocks that dipped from multipennies to .0005 within a 12 month period, and then bounced off of .0005 to return to multipennies within the next 12 months.
As always, simply my opinion.
XUII
I've seen a number of stocks with these two characteristics (bouncing off of a mid triple zero price without ever dipping into the range of .0001 - .0003 and having also traded in the multipennies within the prior 12 months), that have gone on to run back into the multipennies after the bounce.
One such example is NTE*. Just as with XUII, NTE* had bottomed and bounced at .0005, and was trading in the multipennies within the prior 12 month period (see chart below). After the bounce from .0005, that stock went on to return into the multipennies, peaking at 17.78 cents just 12 months later. Additionally, it remained above 10 cents for many months allowing anyone/everyone who rode the stock up from anywhere near .0005 sufficient time to get out at an enormous gain.
It is important to note that I am not trying to equate one company to the other. I am only pointing out the charts and price movement. As I stated above, I have witnessed numerous OTC stocks that dipped from multipennies to .0005 within a 12 month period, and then bounced off of .0005 to return to multipennies within the next 12 months.
As always, simply my opinion.
XUII
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