InvestorsHub Logo
icon url

investor10122

08/28/16 1:24 PM

#290 RE: Beau1954 #289

Its hard to say really. I bought in when SGBY released 70M shares. I bought 2 weeks prior to its 52 Week Low. When I bought I bought at .0027, the prior week it traded around .002 - .0022 all week. Then boom 70M Shares... guess what the price never dropped in fact after that week the price moved up to a high of .004 before coming back down again.

Like I said SGBY is a solid penny stock. They aren't easy to find. It might get knocked down a bit but at the end of the week it is usually stronger. Even with all of those shares out I could see SGBY potentially $0.03 - $0.05 by the end of the year. $0.25 - $0.50 end of next year and possibly $1 by the end of the year after that. It is a long ways out but if you bought SGBY even at half a penny. If it hits $1 thats 200X on your money. $5,000 would be $1,000,000... remind me why i got out of SGBY again... might need to buy back in...

I would just watch its price movement using an SMA over 200 you will see a average price movement. One thing I have noticed about SGBY though it moves more fundamentally than it does Technical. When news hits SGBY shoots up quickly. Then its stagnent until the next big press release.