ST220 .. pull a number out of a hat. There is NO way to predict. It totally depends on how successful the IPO's are, and whether EBIG's model is considered compelling by big money. Is the stock fairly priced based on book value? PE, PEG? Obviously some folks think that this can instantly turn into a 5 bagger and go from 20cts to a buck. In penny stock world, there's no question that this can happen, but anyone who knows how to predict it isn't spending time here and they sure aren't going to give that information away for free.
I know I know. No one wants to hear this kind of thing. But when this starts moving watch how retail investors will jump on board and buy it at ridiculously high prices. People who bought EBIG a year ago are still in the hole, assuming they held on. Most probably sold after they lost 2/3 of their investment. meanwhile people who bought BIDU have more than doubled their money. BIDU was undervalued. But people get sucked in to pennies because it makes them feel like a thousandaire because of all those zeroes behind the number of shares they own.
Could EBIG be one of those companies that really makes it, and ends up trading on the big boards one day? I sure think so. I like the model, I like what I see them doing. I also understand that this is totally a gamble at this point. Totally. A buck this year? Possible.
A penny this year? Equally possible.
As far as the technicals are concerned, I'm encouraged that we've taken out a recent high and haven't sold off. But keep in mind that when we trade 100,000 shares in a day, that's all of $15K trading hands. That's it. If I sold 40,000 shares today because I needed some money, that'd bring the stock down to single digits right now.. right in front of your eyes.. and as those shares sold off and others saw that happening, they'd say "wtf" and start selling too. And it would be nothing more than one shareholder who wanted to sell stock in order to go on vacation.
That's why you can't predict action on a penny stock that's so thinly traded. Today $8500 changed hands on what looks like 5 trades.. or less if they were limit orders waiting to be filled.
Once you own the stock you're just a cheerleader and the only way to make money is for others to buy. Lately there's been a bit of that going on. The one advantage about thinly traded stocks is that it doesn't take much buying to make the stock go up.
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