Friday, September 08, 2006 3:42:26 PM
Look at the obvious signs: Stock symbol change and it spiked / opened at .15 for a high. Retraced to .06... accumulation, more accumulation, climbs to a base of 07 runs up to .085 this week, retraces... audited financials waiting in the wings to prove that this company earns at least three cents per share, taking in over $200 million in profits per year.
There are GARBAGE penny stock companies out there, people, that earn maybe a million bucks a year with a vague promise of doing better and that have hundreds of millions of shares outstanding and they are trading upwards of .20, .30 cents to a buck or more! you don't want to pay seven cents for a company that sells hundreds of millions of dollars in building supplies and cement with more projects in the Middle east pipeline and elsewhere?
That CEO bungle this week was regrettable, yeah, so you still have time to get into this stock. Not a ton of time but enough. My prediction: It breaks past .09 next week or the week after and runs fairly steady to about .50 before a retrace. A seven-bagger from here.
So as not to neglect the serious "questioners" on here who like to dwell on whether the sky is about to fall let me respond in kind: BLAH BLAH BLAH
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