that is also my thought. If it's around $1 range, no thanks. No room to grow.
It has to be between .20 and .50 for it to work very well. going from $1 to $2 is 100% and tough to do
Going from .20 to .40 (100%) is MUCH easier. Plus, if your target is $2 and you start at .25, and you get close to it (e.g. $1.80), then you still made a ton of money off it.
SNPK went from .30s to 2.40. People got in too late and didn't jump out when it was time. Got stuck holding the bag.
I was looking at a few possible ones. I think i have a good idea, but not going to say anything as I'm not going to jump on anything until they actually announce it. The ones I'm looking at are currently in the .20s, and some are in the .30s.
Im probably wrong, but there are so many out there, you can't ever predict it.
