Pennies on Fire

Nice risk reward: ACHI.OB

By David Randolph · August 3, 2005 · 1 min read · 473 views

I have little time left to dig much about this company, but I see a technical pattern that gives me some safety on buying this stock at today's open.

We've had a breakout with volume above average yesterday, as you can see in the chart below:

A technical breakout with volume. I don't need to know more to buy this stock, the risk is simple and low, sell if the stock is set to close below $0.045, otherwise let the profits run.

I don't know nothing about this company but that doesn't mean, at all, this won't be the best Penny Pick for today's session. Well, we'll see ...

I'm buying $1,000 of ACHI.OB at today's open or near the open, really wouldn't like to buy on a big gap up ...

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Nice risk reward: ACHI.OB

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