InvestorsHub Logo
icon url

Chugit

02/03/13 2:19 AM

#50498 RE: Reds0x88 #50496

I agree. 2 Dollars is more like it.
icon url

Turlian

02/03/13 10:44 AM

#50503 RE: Reds0x88 #50496

Stocks move in momentum waves. So I can easily see this going up to say a $100M market cap when it should be nowhere near that, that's just what stocks do. Then it will at some point quickly correct itself.

It should be able to get to .1-.15 at some point. That is if some newsletters pump it and such. Considering the recent sell off and the Eric letter to get that going, I can see a situation where those people managed to load up and now are waiting for the correct time to start their pumps.

The problem is you won't know when they start unloading, and with these pennies you can't really set trailing stops and such to protect yourself. At least not my broker.

I'd be perfectly thrilled with what range. Won't really make me rich or anything but it'd be more than I could hope for on a security. I don't have much in this, my portfolio isn't that big that I can devote tens of thousands of dollars to a penny.