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Smokefree Innotec, Inc. Message Board

  • travisfalexander travisfalexander May 13, 2011 12:22 AM Flag

    Unlikely pullback

    Although when almost any stock rises anywhere near 100% there is always people taking profits, however I think there is a chance this wont happen.

    The enormous volume of this stock today really introduced it to a lot of people. It's not like this thing doubled with simply a better-than-average volume. Let's be honest, nobody knew about SFIO before today. The run up might have given a lot of investors a hope in what they feel is something knew and possibly huge, rather than a quick profit. Granted, many will take their money, but I am hoping that the sheer volume of yesterday's session helps in holding the price and even close in the green again.

    Any thoughts ?

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    • My thoughts are as follows. If there is any significant pullback, it will be a manipulative pullback, or an attempt for some to "steal" cheaper shares.. I, myself, will not set a stop loss as I will fear a pullback that is aimed at triggering stop losses and at some point during the pullback, it will turn on a dime and head up just as fast as it falls, leaving me behind and chasing to buy at a higher price. I feel more comfortable riding the pullback, if it happens, and watching it rise back to the new highs. I will not be left in the dust on this one!

    • I'm with you travis.Any pullback will be minimal,as new buyers step in.The launch date is simply the glue that holds it all together.I would not be suprised to see .10 -.12 today, and a run to the .20's on Monday...go SFIO!!!

      • 2 Replies to jeffr817
      • Mr. Travisfalex; personally speaking, my only worry with this stock is how im going to have the gumption to pay the IRS exorbitant capital gains taxes, should I decide to sell. At this point ... I have no intention of doing so ... way too much upside potential. LEXG buyers are going tobe jealous as sin for what they are about to see.

      • I agree. I think that many investors, after seeing all the improbable heights that this stock has gone to in just a few days, would not dare let go of any shares unless they absolutely had to. This will drive the stock up even further, as more and more shares will essentially be 'locked' for at least a little while. I'm a relative newbie to the stock market, but I've been a human all of my life (I swear it lol), and the stock market is just as much a study in human nature as it is about general economic and other global conditions. As more and more people smell the true money here, more and more will swarm like sharks lusting for blood, and buy and hold as long as they think they can rake in more profits.

    • fyi, i do know the correct use of the word NEW.

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