I have a feeling this one is going to be a nailbiter this week and maybe the next. I've been watching this stock since its lightning fast run up in January on a tiny morsel of news. Today seemed like a good buying point, and I got in at $.81 for ten grand. I liked today's action, even though it closed on a down tick at .75. When you look at January's chart, volume was up and price was down before the news. God forbid it drop to $.60 before the run-up like it did then, but a sign of accumulation like today is a good one.
While the cursing of the market makers on SI for all ills that befall investors are certainly exagerrated, only a hopelessly naieve person would believe that BB stocks aren't manipulated. That being as it may, I think those that say it's a fools game are out of their minds - as long as you understand how the manipulation works, you can make great money here. The worst mistake you can make is buy at the top of a run up on a hyped up company that has no news and no substance -- take HCCA which was being hyped at $.50 2 weeks ago. The best thing you can hope to do is be in on an accumulation phase and ride a wave to the top. It is my hope that that is what's going on here. We've seen that this stock can shoot up on any news. If the news comes, we've hit it.
Normally, this wouldn't be enough for me to make the plunge, because so many companies on the OTC are frauds -- however, tpii obviously is legit, with a customer like Peugot and an alliance with the likes of Oracle. Everyone has to decide what they're willing to risk, and make their own descisions--but I think tpii seems like a good bet right now. |
