Friendable Inc (FDBL)

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Is Buying FRIENDABLE INCORPORATED (FDBL) Here Winning Strategy?

 Dolores Ford

2 days ago

The stock price of FRIENDABLE INCORPORATED (OTCMKTS:FDBL) recorded $8E-05 in recent trading, touching $0.00258 and getting interest from avid investors. It’s the latest price, but let’s analyze how the stock has been doing recently. In the past year, FRIENDABLE INCORPORATED’s stock was big mover. According to the short interest report published recently, (FDBL) had 6,900 shorted shares for 0 days to cover. The prior short interest was 32,600 for a $-78.83 change. The 52-Week High and Low are noted here. Infinity (High), Infinity, (Low). The stock had 17.17 million average volume.

When moving into land of penny stock trading, one must determine whether the risk-reward ratio is favorable. Penny stocks can be tremendously attractive. Hollywood often shows selling or trading stocks being easy and fun, with millions of dollars earned as profits. It’s important to identify that there is considerable risk involved when putting money in penny stocks. The risks list include market volatility, getting stuck with fake shell firms created for the only objective of the ‘pump and dump’. For those who are not aware with the term, pump and dump happens where brokers promote the equity until prices rise, then sell the stock, leaving novice investors to bear the loss.

It is a common thing to get caught up in the excitement of penny stock email bulletins. Though the circulars are a helpful means to get ideas, wise investors still perform due diligence on interested stocks. Some penny stock circulars show a disclaimer at the bottom that states something like ‘We are not market advisors, we’ve got compensation and we may have this stock in our portfolio.’ Further study must be carried out to find out if a firm actually has businesses or is simply a home office.

Many a times, when a promotional plan is designed, there are big shareholders offloading shares they might have bought long ago, waiting for an opportunity to recoup their investments. It never indicates that these firms termed as ‘fake’ aren’t good options for short-term trading. If you have disposable money that you can put in use to make a quick trade, what a firm does is less significant than recording a win on a trade. In such a scenario, things like stock promotions are advantageous for shareholders as they throw more light on a dark or defunct firm.

Look at a promotion last year of Cynk Technology (CYNK), which surged all the way to $21.95 from low of 6 cents. The firm itself had very little to deliver as far as fundamentals or operations are concerned, and its shares price was purely led by trading activity.

More important recent Friendable Inc (OTCMKTS:FDBL) news were published by: Marketwatch.com which released: “0.0001” on November 02, 2015, also Finance.Yahoo.com published article titled: “Friendable, Inc. Officially Goes Effective Under Stock Symbol FDBL”, Marketwired.com published: “iHookup Social Completes Name and Symbol Change to Friendable, Inc.” on October 26, 2015. More interesting news about Friendable Inc (OTCMKTS:FDBL) was released by: Marketwired.com and their article: “Friendable Receives $1.6 Million Investment and Completes Technology …” with publication date: October 13, 2016.

Friendable, Inc., formerly iHookup Social, Inc., is engaged in the development and dissemination of a proximity mobile social media application that facilitates connections between people, utilizing global positioning system and localized recommendations. The company has market cap of $196,550. The Firm offers Friendable, which is a location specific social platform, as well as a discovery application that facilitates communication between two or more users on a one to one meeting or group style event meet ups for concerts, sporting events, coffee, movies and night out, among others. It currently has negative earnings. Friendable bridges its mobile community of users with the meeting of new friends, building relationships and connecting them with local venues or events tied to their interests.


Categories: Penny Stock News, Trending Stock News

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