Call me old fashioned, but this stock has no where to go but UP^^^!!! I bought about 450 shares (at $.16/share) a couple of days ago, so my risk factor is not very high with this. Even if I lose it all I can write it off at the end of the year. This company has a good niche though, if they would just figure out how to market themselves better.
These kinds of stocks are only play money anyway and should never be taken all too seriously. If the reverse split happens when they say it is supposed to, then my 450 shares will turn into 2250 and then if the stock price rises to meet their optimistic sales goals, then.....well we all can see that I was just having a great dream, but the fact is that this stock can only get better (if you give it enough time). No company is going to offer a 5 for 1 split if they aren't damn serious about what it is they are trying to do. The main goal of any company is to make the investors (that would be you and me) more wealth as they mature. True this company at its inception was at $14/share (1992 price) and ever since then has been on a steady decline, but if the market performs as it always does (over a longer period of time), then everything should turn out alright. Although, the trend has been straight down for the past six years, and now they are at rock bottom. But don't forget, all stocks had to start somewhere and they have all gotten their teeth kicked in once or twice, but the beauty of the stock market is that the number of up years usually outweigh the number of down years.
IMO, this will rebound and we will all be very happy after the split (except you'll need to wait about another year), but that's the way I see it.
I see ranges of $3-$5/share after about another year to year-and-a-half.
!!!!!!Good luck!!!!!! |
