Ever consider that when you unscramble the ticker symbol you get the word FEES? Shares of SEFE Inc., or SEFElectric, have imploded in recent sessions as the penny stock has shed -54% since it’s HOD in the first trading session of the month. $13.6 Million worth of SEFE stock traded on Thursday as the share price fell, penny after penny, to $1.09, down -31.87%. Everyone is wondering if SEFE is a scam and if they should SELL their stock before the lightning they are trying to catch in a bottle strikes them.
Fear not for one of Wall Street’s leading independent micro-cap research firms, Grass Roots, announced that it initiated coverage on SEFE with a BUY recommendation and a 12-month price target of $5.95 per share on the stock. That is like sending one of the biggest penny stock alerts for every “Joe Investor” out there who has no clue how to conduct due diligence.
The penny stock of SEFE will hit $0.595 a share before it ever even comes close to $5.95.
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SEFE Stock Chart:
Market Capitalization: 83.65M
Shares Outstanding: 52.28M
52 Week High
SEFE CEO, Donald C. Johnston, announced prior to yesterday’s sell-off that their business is proceeding as planned (like a hot air balloon ride) and reassure investors that the Company is making progress in executing their corporate goals. If NSRS and SNPK are similarities in any way who were also “making progress in executing their corporate goals,” then the path of SEFE stock is quite predictable.
Johnston followed that SEFE has begun negotiating with a potential strategic partner on its alternative energy initiatives and that details should be expected in the coming weeks (subliminal message: “so keep buying our stock”).
About SEFE Inc.
SEFE focuses on pushing the boundaries of what’s possible, embracing innovation and employing the cutting-edge to solve problems, and offering sustainable solutions to a world hungry for invention, direction and leadership. SEFE is technology and solutions-driven, focusing on developing inventions that provide a real-world impact and true profitability. So, success is measured by both a sustainable return on investment, as well as a project’s sustainability from an environmental perspective.
Bottom Line: If you’re Long on SEFE stock, you’re wrong. SEFE is one of the penny stocks that you watch to look for entry levels without trying to catch the bottom and play the momentum. Exiting at the top hurt many a pump and dump trader before and there is no reason to think you can get the highest price on your exit.
Is SEFE a scam and should you sell is best answered by; how long is a piece of string? Penny stock alerts are overflowing inbox’s globally.Ultimately it’s the trading and investing community’s responsibility to determine whether this penny stock, SEFE, is best to buy, sell hold or ignore. You have our opinion.