My High risk PickOTW is PFCK.
Rumors, IPO, shorts...this stock has a high "weirdness" factor.
IPO value would supposedly add .40 book to this .08 current BV, and such an addition should easily double (possibly quintiple) current share price if the IPO is even moderately successful. IPO dividend was PR'ed to be coming out soon, and the stock should move up fast when it is finalized.
1mil short position alleged, and shorts have allegedly been trying to cover under .25 (while keeping ask at .22-.25).
quote.yahoo.com
This morning, the bid/ask just went to .242 X .247 Looks ready for a move soon, imo, as they tried to disguise the fact that they were raising the bid by first lowering the ask to .247. (might be nothing, but the raising of the bid .24-.242 suggests to me they really, really, want shares). Also, the bid/ask action has been fairly straight forward lately(imo), but this is the first noticeable break from their manipulation patterns, and this MIGHT be a sign it's getting closer to breaking out.
Again, HIGH RISK, just a fun PickOTW to play with if you have some play money.
-Mark
(Perhaps the .002 bid increase means "In two days"...wouldn't that be nice, lol.) |
