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Friday, 04/26/2024 4:27:34 PM

Friday, April 26, 2024 4:27:34 PM

Post# of 9513
I usually avoid penny stocks because the wait can be excruciating, especially considering how technical analysis and low trading volume can make it inefficient. But, with an extra $500 in my account, I spotted this opportunity on the bulletin boards and thought, "Why not?" I set a 75% sell limit at .19-.24 to potentially turn it into 800k to 1 million. I'll share a video soon explaining my decision-making process. Good luck to all! By the way, does anyone else hold a position as big as 100 million here? My attempt to move the market with my $500 only managed to push it from .0004 to .0005 before fading like an expired firework! I do think it might hit .0006, then .00019 and .00024. If it breaks .00019, there's a lot of upward potential based on technical analysis. Of course, I know TA should only supplement news-driven trading, but it does help with timing entries and exits. If this stock gets even a hint of good news, it could skyrocket like a Category 5 hurricane hitting an island.