I hope you guys don't mind me popping my head in here....I hope some of the ones that seem to follow me around don't see that I'm here.
Did my DD on BIT and bought heavily today. I'm holding this one long term. It has solid fundamentals and a tight float. Not only that, it's internet and it's only at the beginning of realizing its potential.
Let's hope we don't get too much broker manipulation on this one, however, as volume increases we can rest assured that this type of manipulation will follow.
Also, once MSE trading starts, we might get more interest from the funds....remember, they normally don't invest in companies like BII but BIT has profits, solid management and a good growth story. Look for funds to jump in soon, then the fun really begins!
Last thought, if BIT realizes only 50% of the growth that it had last year, it should report profits in the $.30 per share range if my calculations are correct. Based on a conservative P/E of 30 (low for a high growth company), that's a share price of $9!!!!!! That's just fundamentals!!! Now, if it takes off like a real internet company and gets a NASDAQ listing, maybe we will see that $9! |
