Personal Anecdote: How a penny stock can go to $10+!Want to share a personal story, as many on here, even LONGs
may think I/others are crazy when we say and believe Score can
go to $10+
I was 18yrs old working as a junior broker at Merrill lynch Canadian Head Office working under two brokers who had a $1 Billion + book
I was just beginning to trade. I dropped out of Financial Services program for a year so I could get my $6,000 tuition back that would enable me to trade my own money.
I had been researching a company called USA Video Interactive
They were basically at the forefront of “video on demand” which
I knew would revolutionize way we watch TV and sports
Stock was trading at $0.10 cents when I started following it.
jumped from 10 cents to $1.10 before I had any funds to invest
volume jumped exponentially as investment community caught on to what USA video was developing and I bought 1000 shares at $1.20 = $1200
investment... at 18yrs this was a lot of money for me.
I DIDNT TRADE IT- I bought it and told the world to do the same!
At $2.50 after doubling my investment I confidently told the brokers at ML they need to look into it and they told me with probably only 10 seconds of Due diligence that it was a “POS shell company” and I should take my money and run! Only weeks later it was trading at $3+ where it then became “marginable” and quickly jumped to $4-$5
I kept rubbing it in my brokers face and telling them to get on board
Ironically mere weeks later, I hear two other brokers in elevator talking
about how Merrill initiated a “Strong Buy” rating with price target of $8
Within a couple months it jumped to $15 and I sold at $12.75
my little $1200 investment became $12,750 and changed my life
MORAL OF MY STORY:
If you truly believe in the company, management, sector, product, etc BUY whatever shares you can afford - whether it’s only 1000 shares, 10k or 100k buy what you can afford AND LET IT RIDE!
Nevermind my trading philosophy or penny bumps and drops!
never mind where score closes at Monday or next week or next month!
Reality truly is, it’s as simple as stock doing a little run up to $1+ breaking new 52 week highs and making multi year high to attract an entire new shareholder group who then with help of a buy recommendation or short squeeze sends us to $3+ when stock becomes marginable and before you know it a goldman Sachs or Morgan Stanley or Bank Of America or all of the above become major buyers and stocks trading at $5 or $10+ and next thing you know it’s getting a buy out offer at 100%+ premium.
Some of the folks on here (I believe) going to get very wealthy investing in Score. I hope and envision celebrating with many of you on a boat or as planned at a Maple Leafs game soon ;)
For the record; I agree with mrhamilton, and vette, and mr.monopoly that none of us are smart enough to trade this when it pops and drops like a manic depression off medication lol
The Real money will be in those who Buy it and HOLD IT or better yet just continue to accumulate shares until there holding 50-100k+ shares at $1 average and its runs to $10+!!!
I got my girlfriend and I adding another $2gs a month to Score with an initial 10k shares in a TFSA account.
And although I advocate trading this at times, I have a core position I refuse to sell.
I believe we are about to have a very Merry Xmas and 2020 Score just may be the stock of the year!