This is true speculation here folks. I make no guarantees you can make money trading this thing, I just know my entry points are well within making me a profit. My average price is $1.11 so if you factor in the $19.98 round-trip cost in brokerage fees, I need to sell above $1.26 to even make the smallest ($.01) profit. Make sure when you trade these kinds of stocks that you have a price point in mind. $2.00 and I can jet with my small profit if it looks like it won’t hold.
The good thing here is the low float (available shares) as this allows for less manipulation and no shares available to short. Any buying pressure would kill the shorts here anyway.
I don’t recommend you play with your full deck on this stock but if you are comfortable sacrificing a portion of your funds to gamble a little, you could make some serious money.
Another of my big winners today was Crystallex International (KRY). They were up 18.50% on no news, so I’m not sure what’s going on there. I’ve been holding this canadian mining company for 2 years…sometimes you just have to wait things out if you can stand the pain.
disclaimer: I own shares of RUNU and KRY.
