DEGH had a very solid run today... it is currently running on rumors of a pending merger. It was alerted on our twitter page this morning at a pps of .016 with the spread being .016 x .018.
The stock had a solid run throughout the rest of the day and closed at the high of the day at .03 for a day's gain of at least 66%.
Now, normally we only strive for the 50% gain, but this play is different for several reasons... two of the main reasons are listed below...
1. It has anticipated merger news that has not yet been released. That means the stock should continue to run up at least until the news is released.
2. There are numerous groups playing this stock, many of them very large groups. In a situation like this, the larger the number of people playing it, the higher the volume and the creation of momentum ensues.
This should continue as long as market makers are not able to stifle its momentum and as long as the traders involved in the trade set their exits on the ask price, allowing the momentum to continue.
We will wait to see what the stock does tomorrow. Frankly, no one should have sold before the close today.
If we start to see an unexplainable stall in the rise of the pps, which indicated market maker interference, or the stock begins to be shorted, or if traders begin selling on or around the bid price, this will effect the stocks ability to continue to rise and we would recommend selling, especially if you have a low risk tolerance.
If you can stomach hanging on to the stock in spite of shorts and momentum killing bid slappers, and wait for the news release, then you could stand to increase your profit from this play.
What I expect in the morning is for this stock to gap up in pre-market. I expect the gap to close after opening and then to begin to continue its run again throughout the day tomorrow. But, we shall see.
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The ANSWER to the Question:
PennyStockRumble
Speculators say that this stock could rise all the way to .10. I always take these kinds of speculations with a grain of salt.
ReplyDeleteWe made great progress today, and another couple of pennies would be awesome, just remember to take profits on the way up... and always remember... pigs get slaughtered.
pigs get fed... hogs get slaughtered...
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