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S&P 500
5,022.21
(
-0.58%
)
US TECH 100
17,060.00
(
-1.07%
)
Dow Jones
37,753.31
(
-0.12%
)
Brent Oil
87.08
(
0.10%
)
Bitcoin
61,544.45
(
0.43%
)
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NavyMike1981

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NavyMike1981

Re: ohmyohmy post# 103262

Thursday, 12/12/2013 6:57:20 PM

Thursday, December 12, 2013 6:57:20 PM

Post# of 158400
Due to dilution that has happened the stock can't fundamentally reach that price unless a buy back is done by the company. Notice I didn't say they won't eventually do a buyback but until they do you can't bank on it. More commonly you could see .005 again on a R/S but that wouldn't be a true .005 based on current structure. When one learns how to trade a penny and project correctly it makes big differences in their profits.
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