Watch for shares of Penny Stock Obscene Jeans Corp. (OTCBB: OBJE.OB) to get a lift of the Facebook IPO announcement today. OBJE positioned itself perfectly in the social media solutions industry and could catch a “tsunami” off of Facebook’s filing.
OBJE closing price was $0.087, down -6.45% (-0.006).
OBJE traded volume of 291,132.
OBJE has an avg. volume (10-day) of 318,629.
OBJE is trading:
- $-0.013 below its 20 day moving average,
- $-0.043 below its 10 day moving average and
- $-0.003 below its 5 day moving average.
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Obscene Jeans Corp. is an emerging global developer of social media tools and applications. OBJE’s cutting-edge technology platform enables its titles to be accessible to a broad audience of consumers all over the world, supporting multiple platforms for universal appeal. Obscene Interactive is focused on delivering the best in social media solutions to the mass market.
According to marketing data released by PQ Media, total U.S. mobile and social media revenue shot up 30.2% to $45.38 billion last year. It’s a fact that social networks were the largest and fastest-growing segment of mobile and social media in 2011, growing 45.9% to $2.28 billion in revenues.
Watch for OBJE to possibly spike back to the $0.285 level it hit two weeks ago when Facebook started leaking info about today’s IPO filing.
“Be fearful when others are greedy, and be greedy when others are fearful.” – Warren Buffett
If you really want to make some considerable profits from the stock market, it is possible to make a considerable amount of money on penny stock trading. When you find the right penny stock to buy, knowing when to buy and sell is the second most important tool to maximizing your profits.
Being technical, analytical or just flat-out greedy when trading penny stocks is the easiest way to limit profits and, sometimes, even lose your entire investment. You need to have a strong and strict strategy to achieve your goal of maximizing profits while minimizing risks in penny stocks.
Listed below are a few of the many points each and every penny stock investor needs to discover.
- Do your own research.
- Trade Responsibly.
- Verify everything.
- Move Fast or Get Left Behind.
- Do not use market orders to enter a position, use limit orders.
- Have a System That fits You.
- If a Stock Gaps Open, Look for Pullbacks to Enter.
- Plan a Trade and Trade a Plan.
- Always use stop loss orders to protect yourself.
- Positive Self- Belief.
- Keep trading as Part of a Balanced life.
- If a stock breaks below our alert price GET OUT. Do not wait.
- View Trading as a Score in Points and Not In Money:
- Always take your profits whenever you can. Do Not Be Greedy.
- Work Hard at Learning How to Trade Properly and Keep Working.
- Do something to make someone else’s life better today.
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