Saturday, July 02, 2011 8:46:37 PM
From the link:
"SFIO CEO Gets Busted and Why SFIO May be a Long Hold
Posted by Odd Stock Trader in Featured, Trading | 0 Comments
Jul 2, 2011
Once again SFIO Smokefree Innotec is back in play, after a very very interesting news article about the CEO of SFIO getting investigated for stock fraud was released the stock tanked over 80% from .03 to .0055
After reading the filing very carefully, you can see that it was only the CEO of the company and not SFIO that was targeted, this instantly put this one on my watch list again as there was nothing bad about SFIO directly.
This sure did pay off big time for some traders, with a new press release stating the resignation of the CEO the next day. The stock soared nearly 200% on the day from .0052 to close at .02.
That is not the main reason I feel this is a long term hold, they actually have a great product and my work friend also ordered their e-cig. He received it on Friday and absolutely loved it!
That is the biggest part, once one person really liked a company product he tells friends, and ill be the first to say, word of mouth travels fast. I can for see large revenue increased in SFIO and may plan to buy and hold a chunk for the long term.
(FULL DISCLOSURE) At the time of writing this I own ZERO shares of SFIO Stock."
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