I've been trading penny's for quit a while. When it comes to pennies and subpennies one rule of thumb I live by is you can throw all charts and big boy predictors out the window. These stocks can move out of nowhere and for no reason. All they need is some buying pressure and the rest is movement on hype. This happens all the time - MCLN - VKNG - XMDC - ASFX - ISCR - one thing these all have in common is that they moved on momentum. You just need a spark, then enjoy the ride and get the hell off before the rug is pulled our from under you. Don't believe all the "this is going to skyrocket" when you're on the 5th day of green because we are dealing with highly manipulated stocks, pure and simple.
This stock has all the makings to have that spark that pushes this stock on a 5 day run. Just have to sit back and wait for those that are in control to start the rally and hold for the ride. I assumed we would have broke the penny cap by now, but since we didn't - and couple that with a bad 10q - along with the fact that apparently our moderator and assistants could care less about this stock for the time being- i believe it might be a while before that spark is lit and we blast to .02 or higher.
But I could be wrong and the rally might start tomorrow. This does have the same make-up as the other stocks I mentioned above so I do expect at some point in time we make the climb. Just remember to read through the hype and take your profits before they are taken from you.
AMHO - Good luck to ya.
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