I'M going to post an update on INNO, which I mentioned 1/7/97, because of the reference on this thread to those who "Hit and Run" on crappy stocks. I don't know if this is a crappy company or a crappy stock, & if all that is being said about it is hype, it is some of the best hype I've ever read. All my info. comes from the INNO thread, & my own DD:
Traded yesterday up 1/32, for a 14.29% increase. Traded more than 1M shares, and closed at .25, breaking through and closing above the 50 day moving average for the first time since Mid-May. Last break through 50 day resulted in pop to over $2.00; 100 day ma is ~.35; if it breaks through that will go to .50. Longer term to $1.00.
I don't believe in history repeating itself, so I recommend sell at $1.00. Most penny stocks that I have played only go up about 1/2 of what they did during the last run.
No formal news releases; but someone close to co. (on thread) claims Dec. was record; have other info that Dec. was 4x last Dec.
Happy trading, and good luck to all.
Great work, Shawn.
P. Webster |
