To make $700,000 profit a trader will need to purchase about 5.8 million shares and sell it for 12 cents and even if the trader sells for 4 cents will still make $232,000. 4 cents move in price is hardly a high expectation. This is very possible. The stock has been gain a lot of attention because of possible acquisitions and buyout.
Sentiment: Strong Buy
Buying 7.5 million shares at market open. Will sell at 8 cents and make about $600,000 return on investment. 6 cents is hardly a high expectation........ Catch a penny stock when it is hot and make a lot of money.
Investors like Speculative Micro Cap stock that have positive earnings. SEEK reported again it had positive earnings. 6 million shares of SEEK could be worth 3 million dollars sold at 50 cents by end of the year. Huge growth expected.
Huge buyout offer for SEEK's more than 1000 websites it owns. The last offer made by billion dollar Hedge Fund was rejected by SEEK. Investors expecting an offer in the tens of millions. $95,000,000 possible.
Many traders trade pennies on the side and get rich quick when when the hit the jacpot. The seach engine no one of the leading seach engines for neighborhood businesses around the country.