as a general rule i try to stick with stocks that have a strong marketsmith rs rating. its gotten me into stocks like inmd early and allowed me to accumulate massive profits that i otherwise wouldn't have and helped me avoid many false breakouts. its really uncommon to see a penny stock with a rs rating which i would consider "good". with the exception of GLG and UAVS i have personally never seen a breakout with a penny stock that had an RS rating almost perfect of 98 or 99. This rating is a great indication of the overall health of a company. and a company with a rating of 98 or 99 has zero business being .38 or .56 a share. I have been in this trade for a couple of weeks. just thought id bring it to yalls attention. this is just getting started. i might wait for the rsi to settle down a little bit before i compound my position, but this is definitely a play that i will be adding to.
please do your own due diligence. i am not an investment adviser.
please do your own due diligence. i am not an investment adviser.