- Joined
- Apr 2, 2005
- Messages
- 14,975
- Reaction score
- 2,156
I am back in the stock market, barely. I am in a penny play, stock symbol MSLP.
Daily candles:
http://stockcharts.com/h-sc/ui?s=MSLP&p=D&yr=0&mn=6&dy=0&id=p50010388817
Weekly candles:
http://stockcharts.com/h-sc/ui?s=MSLP&p=W&yr=2&mn=0&dy=0&id=p17152741890
This is a real company, with real growth and real revenue. On the other side, this is a company whose executives have given themselves outrageous stock bonuses and have not been very shareholder friendly to this point. This could very well be a long term hold one day, but not today. Today I see this as a momentum play. I am in at $0.033. I found out this weekend the company just started paying for an "awareness campaign" to start tomorrow and many other independent "penny stock pickers" are jumping on the band wagon and will be promoting it next week. In the short term this will likely be a pump & dump, meaning the PPS will spike from here to some point, at which time it will pullback hard. If you like playing momentum and have a strong stomach, this one could be interesting
Daily candles:
http://stockcharts.com/h-sc/ui?s=MSLP&p=D&yr=0&mn=6&dy=0&id=p50010388817
Weekly candles:
http://stockcharts.com/h-sc/ui?s=MSLP&p=W&yr=2&mn=0&dy=0&id=p17152741890
This is a real company, with real growth and real revenue. On the other side, this is a company whose executives have given themselves outrageous stock bonuses and have not been very shareholder friendly to this point. This could very well be a long term hold one day, but not today. Today I see this as a momentum play. I am in at $0.033. I found out this weekend the company just started paying for an "awareness campaign" to start tomorrow and many other independent "penny stock pickers" are jumping on the band wagon and will be promoting it next week. In the short term this will likely be a pump & dump, meaning the PPS will spike from here to some point, at which time it will pullback hard. If you like playing momentum and have a strong stomach, this one could be interesting
