Tuesday, June 10, 2008

SIVC - ascends from $.0001 to $.0105 over 6 Months

It is not everyday you see a penny stock bounce from its lowest possible price back over a penny. SIVC closed at $.0001 a share in late December 07. Most investors must have assumed the stock was prepared for a reverse split and then a resumption of dilution that would bring the stock down once more.

Investors could not have been farther from the truth. In a run reminiscent of a big board stock, SIVC has gradually risen from $.0001 in 2007 to $.0105 in 2008. What a difference a year makes. It is runs like these that makes penny stocks worth the risk for some. For the 95% of the penny stocks that go down rarely do they rebound in such dramatic and deliberate fashion.

For those who purchased shares and held, for once they are being rewarded. This usually is not the case for a stock that once traded in the triple zero range. The question remains how much more potential is there for upside? As the stock has risen in price, so has attention for the stock, and consequently money flow has slowly increased as well. There truly is no telling how high this stock could trade. In theory as long as the money flow is there the price should continue to rise.

But then again once a $.0001 stock always a $.0001 stock.

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