Published on Oct 18, 2012 4:13 am
Two days ago we released a blog suggesting that AONE (A123 Systems, Inc.) may have been a very strong candidate for a bounce, and we were right! In the very beginning of the day things were not looking very good for AONE, as it had a massive decline but as the day wore on, AONE saw a significant increase in its price per share. The spike to many, was entirely unexpected but those that followed along with the words of
pennystockdream.com had fully recognized that such a move was entirely possible. The main aspect of the AONE trade that we stressed was that the situation was one of the most risky penny stock investment moves that one could make. This was not simply because it is a penny stock investment but rather because according to the companies press release two days ago, part of the companies expectation is to file for chapter 11 bankruptcy. It was this information that caused the significant crash, combined with the fact that they intended to sell the assets of their automotive business.
When it comes to a penny stock investment, things are always risky but the last thing we wanted was for any of our subscribers and followers to take our quick trade idea as being a suggestion to hold AONE for the long term because that certainly was NOT what we intended with our alert. AONE entered an entirely new realm of penny stock investment when it announced that it intended to file for chapter 11 bankruptcy. The only reason we even suggested it at all, was as a simple bounce play, as we here at
pennystockdream.com suspected that there may have been a bounce at some time seen throughout the day, as things progressed. Once again we were quite correct, and were glad to see that some of our pennystockdream.com subscribers and followers were able to make profits off of this idea. Though we do not recommend sticking with AONE long term, due to its precarious situation, there really is no telling what can happen with penny stock investments such as this, so we suggest that all those involved, keep a very close eye on the trading. It is unlikely that pennystockdream.com will continue to focus close attention on this penny stock investment, as we will likely focus our energies on penny stock investments that seem to have more going for them in the immediate future. We at
pennystockdream.com certainly do not instruct you to either buy or sell any security but we do intend to tell you to do extensive research before focusing in on any one penny stock investment decision.
Good luck to all!
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