Saturday, June 13, 2009 11:10:09 PM
I've been trading pennies since the 90's and one thing i've learned is that ANY penny can run based on T/A. It does not matter if its the worst scam out there...
On the other hand, when a stock has a strong chart + a SOLID growth story, they can explode, running towards valuations far beyond what would be considered "fair" for their level of growth.
Another key component for a mega bagger run is the amount of overall dollar volume coming into the pennies... 2008 started out as a very slow year, but May and the start of June have been SPECTACULAR... IMO profits are being pulled out of big boards stocks and people are bringing it to the pennies... This is a great time to be unleashing a string of blockbuster PR's with all the $$$ out there lookin for the next mega bagger. Possibly the perfect storm for WNBD investors
This 1 year dollar volume chart is for just OTCBB listed stocks, but demonstrates whats happening for the entire penny market....
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