TSXV:ZNN Zenn Motor Company Inc.
An interesting alternative fuel proxy, ZNN has a very interesting long term chart . Considering risk vs. reward, I like the long side from around $.90 with a stop of $.60 and a target of $1.50 (2:1 Reward vs. Risk). I would have open orders to sell 2/3 of the position at $1.50 (to get all your original capital back in your hands plus a little treat). The remaining shares would have a cost basis of $0 or basically free.
10/18/13....The news came out....and it wasn't good. Price did reach into the high $1.40s but failed to fill the gap at $1.50 (and our target). I would have no problem if you either kissed this Venture cap play good bye (at your purchase price) or continued to risk to the $.60 level (as per my original write up). Having said that, the rally I was looking for has come and gone....