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It’s Alive! – FFGO

Posted on November 22, 2009 by Penny Stocks Picker

FFGO is alive again.  Her pulse was non-existent for many months and all of a sudden her heart began to beat with such force that it has attracted much attention.  Some say it’s a miracle others say it’s just another head fake.  I don’t know what the truth is, way to hard to speculate.  All I know is the volume exploded and the hype is on along with message board chatter (positive and negative) and that tells me this is a hot penny stock to watch (for now).  

THREE HOT PENNY STOCKS TO WATCH

FFGO @ .0002 (Placed on my watchlist page Friday morning based on volume.)

Some Pros:  Stock message boards lighting up.  Breakout from flat-lined.  Reports of company e-mail to shareholders I believe is what set this on fire.  FFGO on twitter http://twitter.com/ffgo .  #1 position on iHub message board at the moment.  Traded ~1.6 billion shares on Friday and didn’t close up (that’s not good but tested .0003), however on the pro side……looking back at the chart on 7/16/08 it traded ~924 million shares and on 7/17/08 it traded ~2.2 BILLION shares and at that time the share price also didn’t move past .0002 until beginning a move on 7/25/08 reaching a high of .0009 on 7/29/08.  Thursday and Friday’s volume pattern looks pretty similar to what happened then, maybe history will repeat itself or better.

Some Cons: Don’t know who to trust or what to believe.  Past behavior.  Share structure is huge and not clear what it actually is (supposed to be cleared up soon).  Ummm…this is a penny stock that can be easily manipulated. 

Well FFGO flashed me her goods and she appears hot for the moment.  I couldn’t resist temptation and bought me a piece of her on Friday at .0002 for a high risk lotto play.  It’s a gamble I’m willing to take but didn’t wager any money that I’m not willing to loose.  Maybe I’ll catch a nasty case of the hebbie gebbies or she will be one hell of a ride.  However, you can’t win the lotto if you don’t buy a ticket.  Big question is, what will we find in the bag when it’s opened?

BZCN @ .0013 (Back on the list with volume increase.)

PMDP @ .0011 (Back on the list.  Broke the uptrend but held .0008 support.)

Take some time to do your own research and add a comment below or in the forum.