Why is $1.00 the mark of success?Gentlemen, I too have been scratching my head on this one. I believe that this stock is worth well in excess of $1.00 due to the entire story of SCG. This is by far, IMO, a far safer play than any other stock that has come across my computer. Others seem to be playing this off other stocks as if its a hockey game, " XXX will be over a $1.00 before SCG, XX will is trading the same as SCG with half the float". Enough of that. If you feel that your play is are better than SCG, great for you, enough of the school yard taunting.
With that being said, why $1.00 threshold? Is that the mark that SCG will do a "INT" to $3.00 then drop, or is it the time some real, sustaining increases will be made?
I want to thank most of the contributors to this board, as it the most enjoyable read. The ride up has been fun. Also thankfully it hasn't become anything like INT BB. I feel as if a shower is necessary after reading some of that. Since many have posted a "gut feeling", I too believe that this will be a $5.00 stock in the next 12- 18 months and am willing to hold on through all the peaks and valleys. Also, as a long suffering Bruins fan, ( saw Derek Sanderson on the tele, at the game, still have poster of him somewhere), my heart is with them but my head is with the Canucks :(
Again thanks for all the DD that has been posted for us small time players searching for a reasonable return. Not to retire on, just pay for some tuition.
Highlands