Thursday, January 15, 2009

FFGO - Back In Play?

Some of you may recall our posts regarding FFGO back in the early summer. The stock rose from $.0001 to a high of $.0009 on huge volume and investor interest. The stock has now settled back down to the $.0001 level with no bid.

Volume has returned to this stock and one might wonder if a run is in the cards again. With penny stocks, history does tend to repeat itself. FFGO should prove no different in this regard as the SEC filings have returned in earnest. SEC filings are positive when dealing with a $.0001 a stock as long as they don't start with the letter "S".

FFGO might fester around the $.0001 area for a few days or a week, but when you least expect it the buyers will far out number the sellers and the stock will take off.

FFGO should be a stock worth watching going forward.

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