Originally Posted by ctginc
I did a search and did not see any results for this stock. Sorry for the posting. Do yo really believe the stock is not worth it? The possibilities of it rising if you were to purchase soon are very great. Its possible that someone may want to make a quick turnaround on their investment. Who is to say there necessarily has to be a long term reward?
I'm all about flipping penny stocks for quick gains, but I only take on those trades when the risk reward ratio is in my favor, hopefully by a lot. Sure this could still go up some, and then you'll say "I told you so". My point is, even if this one does go up, buying stocks that are this overbought (extremely) will lose you more money than it makes you over the long run. This stock is screaming for a pullback and when it does, it will go down quickly. Why risk it? It's up 200% in a week or so, the gains will be minimal from here and you are risking a major sell off.