From Stock House, an interesting post worth to read. By mediascan:
The reason why I have picked .85 is not only because of the charts, but I have looked at comparable smaller companies in their early stages, and a market cap at this stage of around 140 million seems to be acceptable.
.85 is my target that I feel is about 70% probable in that time frame and why I am stating it on the board.
Do I think it is conservative?
I think it is realistic.
Do I think this stock could be $6.00 one day as stated by Allan Moore?
If their tests produce positive results, absolutely, because then this stock would warrant a billion dollar market cap.
Let me put it this way.
When sss reaches the .85 area, I will most likely sell off half of my position and then let the other ride.
That way I have secured a very comfortable profit and am still well positioned in a promising company with a good possibility of producing incredible gains for me going forward.
Personally I started trading this stock at .09, sold at .21 and then repurchased at .125 and have not sold since.
I already secured a nice profit, so I am in a position where I really am not too concerned about the fluctuations in the shareprice, as the charts have shown they are minimal at best.
Yes, .43 was screaming sell, but I was not going to risk being out of the play if there was a sudden announcement with Phizer or anything else for that matter.
I have been around these types of plays for too long to know that when they move, if you are not in, you can only enjoy the ride from the outside, and imo, that could happen at any point going forward now.
I hope this addressed your question.
Happy Trading all
Mediascan
