Succesful APS plays are done both technically and using emotions of the masses, if the overall feeling is negative it creates panic, if i see more negative than positive comments i get out... but the opposite is true here.
Other reason why I am holding is because this is getting promotoed by the following sites:
- Awesome Penny Stocks and all its sister sites (about 10 of them)
- Preferred Penny stocks
- Select Penny Stocks
- Even Stockmister and Daily Penny Stocks promoted it and gave a BUY recommendation. (from Darth Trader, he has over 50k subscribers). Here's what he said back on May 13:
Wow!!
Just know one thing, your main man over here, DARTH...brought XUII to you FIRST. Not just "first," but wayyy before the big players started talking about it. TWO weeks before.
First, before we talk about the spectacular update I have for you, let's get the bad (or at least mediocre) news out of the way first.
Today's alert gapped too much and wasn't really playable as a "buy at the open" kind of trade in my personal opinion, but it gave off FANTASTIC day-trading action. There were a ton of promoters on it, but volume was still pretty small, so I think most of you guys on my email list saw what the situation was and decided to pass on this one...but let's recap in more detail.
I think it actually was a very tradeable day with some serious potential, but the trading patterns were definitely suited to experienced traders. That's exactly what I said in my preview emails about this one, that these kinds of IPO-style trades are only good for experienced traders and are NOT for rookies.
It popped as much as 90% at the high and closed up 35%, but the way it traded in my opinion made it one that was best suited purely for day-trading.
What I really liked though were the ups and downs. The volatility that made flippers some serious profits all day long.
For instance, at the morning pullback it went as low as .14 and then rallied back to .188 about 30 minutes later for a 34% move.
Then we saw plenty more dips to .14, only to see ANOTHER rally to .185 for a 32% move.
Overall though, since there were so many newsletters covering it, word must have gotten out early which caused a large gap so nobody could really get in at the 10 cent level. I called it a "bonus" for a reason...it was a heavily promoted situation that came up at the last minute. Knowing it was a brand new reverse merger IPO-style Day setup for Monday, combined with huge promo coverage...it was a strong enough opportunity (not to mention EXTREMELY rare) that I definitely felt I had to put it in front of you, but it wasn't a "pick" I hand selected myself.
