Good Morning MVPers
In case a few of you are tired of the bleeding in the penny arena, I'm just sharing SSBN once again. As many of you know, a few of us have been accumulating the stock since April from as low as the .50s. Compare the following chart to the broad market over the last 4 weeks. While the big board have been smashed, SSBN has appreciated from .719 to as high 1.92. Additionally, while the penny market has been in a major bear market for almost eight months now, management at SSBN continues executing, and the share price is beginning to reflect it. I was told, numerous times, that in the .50s, SSBN was too 'expensive'. But then that's they typical mindset of the penny player. Folks, value is not based on the price but rather what the underlying management team is building and what the value of a company is. If share price alone is the consideration of what makes a stock 'cheap', then every POS trading in the trips and double zeroes would be considered 'cheap'. The real facts are that even at .0001, most of these stocks are junk. And without a concerted front loading, pump and dump, most are truly extremely over priced, even in the trips and double zeroes. They are there for a reason. QUES a year ago was at .04, and has since seen the .60s and .70s, and is still holding the .43 level today. I believe QUES is going to see $5+ in 2015. SSBN is following the same path as QUES, but she began in the .50s for me, and is trading at 1.84 today. I think we'll see $20-$30+ in 2015.
Anyway, just wanted to share that not all, although most, penny arena stocks are POS's. Some are worth the long term accumulation
periods while waiting for the market to realize their valuations. SSBN, imo, is still inexpensive. You might take another look if you haven't yet.
In case a few of you are tired of the bleeding in the penny arena, I'm just sharing SSBN once again. As many of you know, a few of us have been accumulating the stock since April from as low as the .50s. Compare the following chart to the broad market over the last 4 weeks. While the big board have been smashed, SSBN has appreciated from .719 to as high 1.92. Additionally, while the penny market has been in a major bear market for almost eight months now, management at SSBN continues executing, and the share price is beginning to reflect it. I was told, numerous times, that in the .50s, SSBN was too 'expensive'. But then that's they typical mindset of the penny player. Folks, value is not based on the price but rather what the underlying management team is building and what the value of a company is. If share price alone is the consideration of what makes a stock 'cheap', then every POS trading in the trips and double zeroes would be considered 'cheap'. The real facts are that even at .0001, most of these stocks are junk. And without a concerted front loading, pump and dump, most are truly extremely over priced, even in the trips and double zeroes. They are there for a reason. QUES a year ago was at .04, and has since seen the .60s and .70s, and is still holding the .43 level today. I believe QUES is going to see $5+ in 2015. SSBN is following the same path as QUES, but she began in the .50s for me, and is trading at 1.84 today. I think we'll see $20-$30+ in 2015.
Anyway, just wanted to share that not all, although most, penny arena stocks are POS's. Some are worth the long term accumulation
periods while waiting for the market to realize their valuations. SSBN, imo, is still inexpensive. You might take another look if you haven't yet.
