GREY:SMDWF - Post by User
Comment by
ElectricFuneralon Jun 29, 2015 11:04am
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Post# 23876916
RE:TechTarget VID @.155 BUY
RE:TechTarget VID @.155 BUYTechTarget wrote: Yesterday I reversed the SELL rating to HOLD and this morning I joined my new good buddy, ElectricFuneral at 15.5 cents. Why?
1. VID is currently oversold with its VERY large selloff in recent weeks
2. VID is now selling at it's pre-hyped price
3. VID has enough cash to pursue its mission (the last PP wasn't great).
4. The company does not appear to have participated in the pump
5. The shorts appear to haveCOVERED! Shorts on penny stocks are pros.
This is a risky play, the stock:
1. Might still see selling pressure, most technical indicators rate this but this can be disregarded on pumped stocks (a pump stock at its peak will have 100% BUY indicator and 100% SELL indicator at the bottom). LOY is a good past example. Was oversold at 7 and did a quick rebound to 10.5 before settling down where it is (back closer to 7). LOY is in trouble, VID is not.
2. Big guys are both buying and selling. Healthier mix.
As with any penny stocks, be careful in investing. As was seen with VID a stock can become overhyped by numerous players capable of manipulating what is normally low liquidity stocks.
More DD is underway for VID to determine if it's a long term investment or a shorter term play.
My VID position is speculative but I generally feel that video based marketing will be the norm in the coming years as companies and the public becomes more comfortable with it everywhere.
TechTarget
A month ago, I bought in at .265 and sold at .31. Got back in at .21 and gladly sold at .22. Unfortunately bought 12000 at .20 last week, but what can I say? Life goes on.... TTG is in, what should I do?