The Facebook IPO hype has cooled down for Facetones App maker Vringo, Inc. (AMEX: VRNG) after the penny stock more than doubled since the social media internet stock giant to be filed for its IPO last week.
A number of companies rallied like VRNG did in the shadow of Mark Zuckerberg and Facebook’s announcement. The one week rally has been strong enough that the 10 day average trading volume is 2.75 Million, nearly 10x the 3 month.
Look for VRNG to open lower after it dropped $0.02 in After-Market trading yesterday.
Float: 4.38 Million
52 Week High: $3.30
52 Week Low: $0.68
Book Value: $-0.55
% Held by Insiders: 48.72%. (Data provided by Thomson Reuters)
“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.
AimHighProfits.com strives to provide you with the hottest stock alerts in the market in Real-Time. We focus on stocks that trade for $5 per share or less, some as little as a few pennies with upside potential.
Our goal is committed to producing and publishing the highest-quality insight and analysis of small-cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions and to inform you of the best stocks in the market before they move. Our focus is primarily on OTC stocks in the stock market today which have traditionally been ignored by Wall Street.
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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.
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- Do something to make someone else’s life better today.
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