Penny Stock Pick - PIR
The shrinking buying power devastated the retail sectors and created many well known penny stock retailers. One of these companies are Pier 1 Import (PIR) , a Texas based high end home furnishing, kitchen accessories and bedding accessories seller.
The stock used to be in the $20 plus range around 2004. This year the stock dropped to multi year low of only 10 cents per share as many popular retailers like Linen N Things, Mervyn's and Circuit City file for Chapter 11 bankrupty and even went into Chapter 7 liquidation.
However multiple buying from insiders starting in May show sign that the company maybe turning around. In addition, the technical chart also show the stock is now on an uptrend as the stock has gone up 2000% since the low this year to $2.19 per share. Today's positive news from CEO confirms the positive trend.
This is definitely still early in the run and I would definitely recommend having some position in the stock
posted by Stock Geek at
6:21 PM
23 Comments:
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The reports that are given out in this blog are comparable to a company I know. They come out with viable penny stocks lists based on diligent research and analysis to ensure that the companies they choose will yield good profits for that particular trading day. Right now is a good time to invest, but always invest wisely and getting expert advice from people who know what they're doing.
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Penny Stocks
Is it possible for people to really make a substantial profit using Penny Stocks , even to become millionaires? Certainly there are some people who make huge amounts of money with stocks, ordinary people who trade in their own time perhaps as a hobby rather than as a professional trader.
You trade the Penny Stocks at the best currently available price. With a market order to buy, you pay whatever the current market (ask) price is. With large orders in thinly traded penny stocks, this can result in your purchase pushing the price up while you are buying, and potentially costing you more per share than you had expected
Nice posting. Its very useful
thanks
Penny Stocks
Nice posting. Its very useful
thanks
Penny Stocks Information
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Thanks for the such a nice tips about penny Stock pick for PIR.I will be invest in penny stock..
I have a web site where I give advise on penny stocks and stocks under five dollars. I have many years of experience with these type of stocks. If theirs anyone interested in these type of stocks you can check out my web site by just clicking my name. I would like to comment about the future of the stock market theirs always bargains in the stock market you just have to be willing to take the time to find them. Speaking of stocks under one dollar that worked out for me. I recently sold my shares in vonage holdings corporation for 5 dollars. I bought the shares in 2009 for 37 cents. This was a rare exception to the general rule most of the stocks trading under 1 dollar are not good investments. The way that you find low priced stocks that are worthy investments is to have as much knowledge and experience as possible about these type of securities. Only than can you profit tremendously from these stocks.
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