Saturday, May 15, 2004 11:07:45 PM
FXGP's chart and commentary:
I'll Say this about FXGP...
It seems a few people are pointing at January 2004 when over 1.5 billion shares were reported trading according to my numbers...with over 700,000,000 of that happening in just 3 days. The PPS flirted briefly with .02 before trending back down to about .005 from where it has now started to rebound.
January saw no press and no professional promotion happening for FXGP. So where did the volume came from??? My personal opinion is that it was smart money accumulation. If you recall in Jan. IBZT was one of the hottest and most talked about stocks on the OTC with coverage on CNBC as well as an email blast from stockannounce. Unless FXGP was already on the radar I doubt many even noticed the trading.
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Follow the pattern. In September FXGP dropped below .0025 before heavy volume moved in and the PPS climbed over .0050 cents. A sideways down pattern ensued until January when heavy volume moved in again and the PPS spiked to almost .020 cents.
Now it's May...Will heavy volume move in once again despite no promotion (there was a PR on Thurs)? I like the chances very much, but of course...like any stock there are risks.
I'll Say this about FXGP...
It seems a few people are pointing at January 2004 when over 1.5 billion shares were reported trading according to my numbers...with over 700,000,000 of that happening in just 3 days. The PPS flirted briefly with .02 before trending back down to about .005 from where it has now started to rebound.
January saw no press and no professional promotion happening for FXGP. So where did the volume came from??? My personal opinion is that it was smart money accumulation. If you recall in Jan. IBZT was one of the hottest and most talked about stocks on the OTC with coverage on CNBC as well as an email blast from stockannounce. Unless FXGP was already on the radar I doubt many even noticed the trading.
Follow the pattern. In September FXGP dropped below .0025 before heavy volume moved in and the PPS climbed over .0050 cents. A sideways down pattern ensued until January when heavy volume moved in again and the PPS spiked to almost .020 cents.
Now it's May...Will heavy volume move in once again despite no promotion (there was a PR on Thurs)? I like the chances very much, but of course...like any stock there are risks.
If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.
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