Adding IMT
In October of 2017 we offered three penny stock ideas; SIR, SBW, and IMT.
Just over a week later SIR had already risen by as much 287% and soon after we booked an 87% gain on that position.
We were eventually stopped out of our SBW holding at a loss of 44% (original entry price $0.17 stopped out at $0.095) and we may re-enter it eventually.
So it goes in the penny stock universe.
IMT was trading at $0.045 at the time, and we suggested having no stop in place.
It traded mostly sideways in the nearly 2.5 years since, at one point rising as much as 88% to $0.085
In March of this year it fell during the liquidation that hit all stocks.
IMT now looks stabilized between $0.015 and $0.025 and we'll accumulate a 2nd position at this level.
Here's its 10-year chart, showing a long-term down trend (barely) broken:
Currently commodities are hot, mostly gold, silver and uranium, all of which IMT has exposure to.
International Montoro Resoures is junior venture company that obviously carries very high risk, like any penny stock, as does any stock especially in today's uncertain markets.
No stop on this. Risk of loss is 100%, while the upside reward is many multiples of that.
IMT has a relatively low float, so if or when serious buying comes into the stock it could appreciate rapidly; keep an eye on it.
IMT currently trades between $0.02 and $0.025
Just over a week later SIR had already risen by as much 287% and soon after we booked an 87% gain on that position.
We were eventually stopped out of our SBW holding at a loss of 44% (original entry price $0.17 stopped out at $0.095) and we may re-enter it eventually.
So it goes in the penny stock universe.
IMT was trading at $0.045 at the time, and we suggested having no stop in place.
It traded mostly sideways in the nearly 2.5 years since, at one point rising as much as 88% to $0.085
In March of this year it fell during the liquidation that hit all stocks.
IMT now looks stabilized between $0.015 and $0.025 and we'll accumulate a 2nd position at this level.
Here's its 10-year chart, showing a long-term down trend (barely) broken:
Currently commodities are hot, mostly gold, silver and uranium, all of which IMT has exposure to.
International Montoro Resoures is junior venture company that obviously carries very high risk, like any penny stock, as does any stock especially in today's uncertain markets.
No stop on this. Risk of loss is 100%, while the upside reward is many multiples of that.
IMT has a relatively low float, so if or when serious buying comes into the stock it could appreciate rapidly; keep an eye on it.
IMT currently trades between $0.02 and $0.025
posted by C. Guinness @ 2:05 PM
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