PMDP.PK – The Picture Perfect Penny Stock Breakout.. It doesn’t get Better Than This
Nov 5, 2009 Technical Analysis, penny stock
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Penny Stock Pick : PMDP.PK
I try to stay away from penny stocks as much as possible as they are the slums of the stock trading world. Extreme volatility and hardly liquid stocks. But every once in a while they are some opportunities that are just too good to pass up such as our CSUH.OB trade earliar this year that we banked +138% on.
PMDP.PK is a super sub penny its trading with a closing price @ just .002 right now so there is some huge moves that can be made with these sub penny stocks so the risks are very high. But rewards are of epic proportions as well.
PMDP.PK probably has the best breakout chart that i have come across in several years in a micro cap penny stock as this is breaking out of its double peaks made @ .0018 that were made over the past 5 months while hitting its record volume today. Sky is the limit as to how high this stock could fly as there is really no resistance ahead of us to halt this breakout from a continuation. I picked up shares of PMDP.PK @ .0018 today and alerted the Black Service crew of my position via our real time trade alerts system sent out in chat, txt, and email.
Looking for at least a +50% gain on this play.
Technical Analysis:
