POTG Bullish over the next few days
I researched POTG and found the stock to be bullish in the short-term over the next few days. Here's why:
1)Extremely high market capitalization for a penny stock - 262.53M (as of 6/17/2011)
2)Very high liquidity over past week. For example, on 6/17 (last Friday): Almost 20 million shares traded, close to $8 million in cash from trades, and 3047 trades: The highest for any bulletin board penny stock.
3)During after hours trading (on 6/17) about 3/4 of a million shares were traded: Bullish indicator for Monday (6/20).
4)Consecutive rise in price over the last few days.
5)Extraction is in Peru - which has the world's largest mineral reserves, most of which are untapped.
6)Experienced management that cares about the company and is focused on company growth.
Some predictions state that the stock will rise to over $1, some say $5/- within the coming days.
Please share your thoughts on this, and whether you think this may be a good investment in the long term?
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