SGOCO Group, Ltd. (SGOC)

[baller on a budget]

Brother,

I agree this seems very manipulated. I was going in big at 1.82 but I had some biotech position open up that I had to load up on. Now the support from 1.80 to 1.90 looks good but if we break 1.70 with a lower earnings statement and volume the next real support is 1.10.

Bull side!
10,000 shares for $18,200, higher earnings we maybe run $3.00 for a profit of $11,800

Bear side!
10,000 shares at 18,200 lower or flat earnings we test 1.70 break it and see 1.10 then u take a loss of ($7,200)

These are extremes IMO but either way this company is profitable, trading at a low PE, and book valve. But its also Chinese and they are known for shady stock manipulation. At this point shooting at SGOC is a gamble and only you know a comfortable risk to reward range. For me Biotech was so cheap on Tuesday I went all in. Time will tell if it was the right move.

Good luck!

-Baller