What do you think about this chart? It looks like it hits a lot of buying points…doc
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This does look appealing. How bad did they miss on earnings? Maybe it got beat up too much. Also, was it you who was in POWW? If so, 15.7 today… I think they call that a POWW WOWW. Lol
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I think Arindam was in POWW…doc
Congrats Arindam on that 16% in one day on POWW!
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Lisa,
POWW is trading at $2.29. My suggested entry a while back was at $1.61, which created a 42% gain.
Now come some realities. Moves that size commonly occur with penny stocks. The trick is guessing which ones will make those kinds of moves, all the while not suffering losses of equal size on one’s other bets and guesses.
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42% is awesome! I haven’t done much at all with penny stocks. I was watching this one for an entry point, but haven’t seen a good one yet.
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What I liked about POWW was that its fundamentals were decent compared to other choices in the industry, such as Smith & Wesson. And that tactic, in general, has played out well for me in this crazy, over-bought market, namely, do the classic Ben Graham thing of buying only what is clearly under-priced, instead of merely and deservedly “cheap”.
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