After nearly two weeks of holding 100 shares, I find the report mixed but generally positive. ACLS caught my eye because it had suffered from market conditions not relevant to the stocks core value. It looked dirt cheap! Who doesn't love a dirt cheap stock? Also I've talked before about investing in inevitable trends that you do not like. No one I know would like having a computer chip implanted in them. Since you do not like the idea of spy chips tracking people, it's only a matter of time before you get chiped yourself. Why not at least make a few bucks by investing in the technology that makes chips better? Axcelis is an inovative group developing semiconductor technology. All kidding aside I kind of like ACLS.
The purchase occurred the Monday before last. Take a look at the chart and you’ll see the hardcore volatility. Note the chart shows that it resisted pricing below $6.00. Consider the bear attack against the big markets early this week. It’s likely that if ACLS was going to close in the $5.00 range it would have done so Monday or Tuesday. Wednesday the stock rebounded favorably with the upturn of the broader market. The down side - attaining sizable revenue with this stock may take a while.
This is a long hold with a chance of a modest return within two to five months. I’d say that Axcelis Technologies is a low risk, modest return stock. Although ACLS is a solid investment, I’m certain that much greater opportunities abound out there. We'll see if my prediction is holds water in the comming weeks. I've been wrong before ;^)
Total cost: $635.00
Value 06/01/06: $664.00
5 comments:
Hey guys check this out! I found a penny stock that’s about to explode. No shit this stock is at $3.00 and it could go up to 45.00! You could take $10,000.00 and turn it into $80,000.
You can see the details at WWW.rapidpennystock.com. I’m not sure if I should take a chance. The symbol is GTXC, tell me what you think.
GTXC (GTX GLOBAL CORPORATION) recently announced that they are nearing full reporting status. They were awaiting the financial audit. The stock closed today 3.16
Wednesday's shares increased 2.72% and opened at $3.40.
The stocks performance year to date is disastrous. GTX Global was initially offered at $10.00. It dipped into the $2.00 range and recovered somewhat after CEO Brad Isom stated, "The Company is moving in a positive direction and we will work to bring this change to fruition. I look forward to building a solid Board of Directors as required for fully reporting companies, along with obtaining additional funding."
Generally it is unwise to trust your money to penny stocks. There are instances however, when it can be quite profitable. Be wary though. Of yet we have no financial data on Global and www.rapidpennystocks.com is the only site I found that promotes GTXC. Lemonstock makes some damning claims about the company. They claim that it is what they call a "pump and dump" scam.
On the other hand I heard that GTXC is developing footwear with GPS tracking device implanted. Since you do not like the idea of a tracking device implanted in your footwear, maybe it's only a matter of time before the idea catches on. Just be careful when entertaining penny stocks who have yet to report. I am curious how the stock will do so I plan on adding it to my watch list.
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