IVAN- Dont worry about fundamentals, just buy it

Dont get me wrong, I dont think this is a great stock. Its one of those oil-related junk stocks that never took off. However, with oil as high as it is, even the junk floats to the top of the oil patch. Just look at the chart and you tell me what is going to happen next. Highly speculative, could lose money, but could make a boatload of money too in short time...

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This is the point in this stock whether you truly believe or not. Intraday high of 3.15 with a close of 2.94.

I've cut back on my position somewhat over 3, but looking for a breakout...
 
I rarely trade stocks below 5.00 but it looks to me like you will get that breakout. IMO it has an excellent chance to make it to 4-4.25 range.
 
Quote from HolyGrail:

I rarely trade stocks below 5.00 but it looks to me like you will get that breakout. IMO it has an excellent chance to make it to 4-4.25 range.
More...

What do you see that makes you think that? Just curious...
 
Quote from HolyGrail:

It has broken through a 5 year trend line, and it's relative strength as compared to the s&p is going through the roof.
More...

Interesting. Thanks.
 
I don't understand why people interest in penny stocks? Buying a $2 stocks with bid-ask of 1 cent that is equal to 0.5%. That mean if you buy $10000, the moment your order get filled, you are down $50.

Just do yourself a favor and find a $25 stock with spread 1 to 2 cents, and when your order get filled, you are only start a lost of $8.
 
I see the pumpers are still out in full force for this piece of garbage IVAN..

Use to get all kinds of email alert spams from these trash boiler room operators and I see it got revived..

Just didn't expect to see it here. :(
 
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