HERE IS STOCK THAT WENT UP 23,000% In LESS THAN A MONTH
CYNK went up over 23,000% in less than a month-go look at chart. There is a video about this sham stock on Yahoo today. Many of the shorts here that are screaming BK are right - but it will not be COCO that is going BK, it will be shortsellers that are going BK. One morning the shorts will wake up and COCO will be up 300% or 500% or 1000% and they will be wiped out. It have seen it many times in my career (I have been a trader since 1987) and I am sure we will see it again here. Shortsellers, get ready to lose it all - and when you post your suicide notes, don't say you weren't warned.
You really don't understand, do you? I post warnings on all my stocks before the event so that I give naive retail shorts a chance to get out before the event. That way I don't feel responsible when it happens and their suicide postings appear. Many years ago an unfortunate thing happened in a stock I was involved in that made a huge move up in a day. It completely wiped many shortsellers out in one day. Although I made a large amount of money,I actually felt terrible and stopped trading for several weeks afterwards. I vowed to always post several warning before someone gets hurt.
News, COCO won't be a CYNK. COCO's problems are more obvious and its potential for appreciation is quite limited. I can see fair value of 10X the current sp, which is below your $3.66/share. Like I said, if it fetches $1.50/share, I am still happy. Then again, I am looking forward to the day I wake up and needing to drink a bottle of whiskey because a HF or PE offered $5/share.