ENCR represents the bevy of capital waiting to attack any potential mover in the penny stock arena. Although the move is warranted to a degree, the price gain had more to do with momentum than value, although that remains to be seen for certain.
Wednesday, December 2, 2009
ENCR - A Dead Stock Revitalized = 1,700% gain
ENCR closed well off its highs, but still managed a 1,700% gain on the session. A press release, from this formerly dormant company, reinvigorated the issue pushing it 3,500% higher before a late day sell-off limited the gains to 1,700%... if that type of gain can be characterized as limited.
ENCR represents the bevy of capital waiting to attack any potential mover in the penny stock arena. Although the move is warranted to a degree, the price gain had more to do with momentum than value, although that remains to be seen for certain.
ENCR represents the bevy of capital waiting to attack any potential mover in the penny stock arena. Although the move is warranted to a degree, the price gain had more to do with momentum than value, although that remains to be seen for certain.
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