TCLIF is a recently dormant, bidless stock that has come back to life. One impetus for the recent volume is a name change last month that gave this stock a new ticker. Another reason this stock is starting to move is that it is trading at $.0001/$.0002. This price range is attractive for all investors as it allows for a small dollar amount to be spent with the potential of turning that small dollar amount into thousands or even tens of thousands of dollars.
Today it only took $34,000 in volume to lose the $.0001's. What does that mean? It means there are not a lot of shares in circulation, and any meaningful amount of buying pressure will send this stock to $.0003-$.0005 and beyond.
Some of you may remember EKWX, another dormant and bidless stock that went from these levels to $.005 in only a few days. The lotto ticket title fits these stocks in that a few hundred dollars can make you thousands in a short span of time. Could TCLIF pull an EKWX type move to end this week? It is possible, considering how little money volume it took to get out of the $.0001 price area.
I am thinking it may take even less money volume tomorrow to take out the $.0002's. Then as momentum begins to build the $.0003's and $.0004s could come down in swift fashion. At that stage I wouldn't want to speculate on how high TCLIF could go. That will be the fun part, and one worthy of a few TCLIF lotto tickets. It's a lot more fun being part of the action then just watching.
If TCLIF continues to get buying interest there is literally no telling how high this stock will go.
Either way I'd pull it up on your level II first thing on Thursday. It should be fun to watch. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ fishing and vacations! http://www.Time4Fishing.com
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