RE:RE:Update TA
TechTarget, you are right with your post. I really don't think winfront has a complete grasp on how companies and stocks really work, especially penny stocks. Stocks like PHM are a TA play if there is no major news. Volume is high, it's a day trader play. It's financials show they are overvalued although the dip in the past two weeks has brought it closer to a reasonable valuation.
With regards to LOY, the most it will bottom out at is .06 but if we go based on all the PR's in the past month and a half, that target won't be touched, if anything it will go up. It is an easy play to get a nice chunk of change by October, if you feel confident after Q2, stay in as more than likely Q3 will beat as well.
It's too bad you didn't jump in when it was at .07, imagine what a couple of grand could get you. Canadian penny stocks are notorious for jumping from December-May, I've been noticing this for the past few years. Look at a number of them, you will notice the buying in late November and the sell at end of April. LOY, EBN, TII the list goes on. When I search for good penny stocks, I look at margins, growth quarter over quarter, revenue, assets and liabilities. That's what brought me to LOY. But like all of us, we didn't know of the behind the scenes activity of Ryu. I have full confidence in Shawn. The moment he was hired I thought it was a great hire. With his experience with Amercian Express and Purulolator, his PR's and now his work on the debt has instilled confidence in me. The last thing to wait for now is Q2 although its hard to guage when exactly he began to completely make changes to operations and expenses, that's why it's so up in the air. The most important earnings report will be Q3, this will officially show where the company is going and whether to stay in or get out. Prior though, it's a good play to make a few bucks and decide based on all the information.