i recently bought a penney stock and i was wondering what this stock is in for in the next step ?
there are 2 things of importance that happen or will happen , 1. the stock is under review for delisting in the next 30 days , and 2. the stock was bought buy a large investment company , they now own around 20 % of the shares outstanding and they have bought more at higher prices .
to me this looks really good for the near term , this stock traded around .00 about 2 years ago .
and now trades at 4 cents , looks like good news could push this stock back up .
i have seen stocks trade a low levels like this one to go into the multiple dollars , so it looks like this could be another who can do it .
this penney stock trades on the canadian venture and the symbol is cux
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its4usassy 11th February 2010
Penny Stocks are sure ways to lose your shirt. Get out of the mess as soon as you can.
Rick B 11th February 2010
LOL.
Sorry, sounds like a pump and dump scan.
Buy REAL stocks, not penny stocks. Many are just made up companies.
iwun1 11th February 2010
This is a penny stock. That means it doesn’t have to follow SEC rules and can actually (legally) tell you a ton of ********.
sunsolutions02 11th February 2010
I’d say there are many more variables involved that I would need to hear before speculating on a breakout. Familiarize yourself with bullish and bearish sentiment for the stock on a message board, do your own research and then decide if you think it’s worth a gamble.