Thursday, April 28, 2011
LEXG - An 87 Bagger and Counting
Once again LEXG amazed and wowed the market. A little over a month ago this stock was dead to the world. It had a $5.7 million market cap. Then on March 22nd I brought it to my blog, noting the unusual volume, at $.12 and the rest is history. LEXG has now rallied 87 fold from that price, what many would call an 87 bagger. The stock, when I brought it to the blog, was an unknown with only two trades for the entire year, on March 22nd 5 trades and today LEXG had 13,946 trades. Once an unknown, now one of the most talked about stock in the market place and I brought it to you first before anyone else. That's what this blog is all about.
If you had invested $1,000 at the low on March 22nd, today your investment would be worth $87,000. And that was all done in the span of a little over a month.
The lucky duck who bought 3.4 million shares on March 22nd at $.12 for $400,000 is now sitting on over $34 MILLION! If anyone doubts the potential this market has look no further than LEXG.
LEXG is almost everything this market is about. Buying into something before the crowd, holding on for dear life, and selling before the bottom comes out, because the bottom will come out at some point.
Today LEXG traded over $120 million in stock. On Monday we had $37 million, Tuesday over $50 million, yesterday over $97 million and today over $120 million in trades. Simply amazing.
After an 87 fold rally, its time to be on the lookout for the next LEXG. It will come in some form or other, trust me and many stocks now will be compared to LEXG in some way.
In a little over a month LEXG has gone from a $5 million market cap company to almost a half a billion market cap. All this for a company that according to its latest filings has ZERO cash ZERO revenues and ZERO assets. Like I say all the time, nothing matters more in this market than money flow. As long as millions, and now over a hundred million, are flowing into this stock, it will continue to inflate in price. When the money flow stops it will pop.
Either way it was a great find, and I was the first one to find this stock, aside from the one's loading up at $.12. I will be on the lookout for others with the same potential in the future.
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