A lot of people smell a scam with AFRI, yet the volume increases.
The stock is not heavily followed as you can see from the SI threads only about eight people posting on the stock while nearly $80,000 in market capitalization changed hands today.
You can should, would, could all you want about this stock from the side lines, but all indications are that with the short position in the stock, the potential, the present book value and the news that will hit the streets shortly, this one could reach significantly higher valuation as people try and catch a run away train. That is what normally sends a stock up, straight up.
My advice, buy now and enjoy the return on investment.
This stock traded as high as $20.00 per share before being shorted.
Hey I gave a tip on IBUY at $1.50 nobody liked the stock was looking for it to go to a 1/16, scam stock. Now the stock sells at $14+ dollars when I last look. You go figure, I am just presenting the findings and results.
Currently the ask on AFRI are as high as $.59, is this an indication of orders on the book below the ask and the market makers are holding market orders and will open it up above $.60 in the morning, who knows.
But I do know that volume precedes price appreciation.
Another tip from your Uncle Ernie!!!!!!!!! |
