Timonrosso

Write off Kibo Energy off your time wasters

Long
JSE:KBO   KIBO ENERGY PLC
These are the type of stocks that I don't even give one breath of a time to see.

Yes I'm doing that now, but the thing is there are MANY traders who think these are the stocks they can buy at 1 cent and hold to 4c - 400% return and this can lead to one of three ways.

1. You hold forever
2. You strike lucky and it actually does go there
3. It goes to 0 and gets liquidated and you lose your money

But as traders, these are time wasters.

There is no liquidity, no volume, there is no action.

I can't analyse this type of stock and this is purely for the savvy Penny Stock INvestors who have read the fundamentals, share ratios and have seen the proespects for a POTENTIAL future for the stock.

Other than that for traders - I leave it alone.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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