To OTC Journal Members: 
 

The Little Penny Stock That's Trying Like Hell: ONFI

Did you know the US Treasury was considering eliminating the penny from our currency? I think we can all agree- the penny is a bit of a nuisance. When I walk into my friendly neighborhood coffee shop, and the register says I owe $5.03, I invariably only have a $5 and $10 bill- I end up with a bunch of ones and $.97 in change.

On the other hand, oftentimes I only have to fish into the bowl next to the register for 3 "free pennies" to unburden my pockets of the weight. As a quid pro quo, if I'm long a few pennies, I'm expected to fling them into the bowl for the next guy. There's no respect for the penny.

Such is the perceived value of the penny. However, in the Penny Stock world, Pennies can add up. You aren't burdened with the weight of the actual change, and with a little luck you can turn pennies into real dollars if you're a bit of a gambler and get on the right side of a trade. Some investors love a really low priced stock because they know they can own a lot of shares for very little money. Therefore, if you're lucky, a move of a lousy penny or two, when properly leveraged, can lead to a 30% to 100% gain.

Volume moves stocks, both up and down. That's why I'm always looking for volume surges that sometimes lead to breakouts, and sometimes don't. Either way, keeping your index finger ready to "left click" a sell to either capture your gain or minimize your loss is the key to being a skilled penny stock investor.

Today's idea is a low priced breakout stock. It's trading a little under $.03- so if it can find it's way to $.04 to $.05- just a penny or two, you can turn pennies into real dollars.

One Fi Technology (OTC PK: ONFI) is experiencing a mega volume surge, and the chart suggests continued volume over the next several days might lead to a break out. If the stock can simply scamper to the high it made on Tuesday, you're looking at as much as 40% on your money in short order.

ONFI is technology company focusing on delivering broad band technology inexpensively to smaller rural areas in the US, and 3rd world populations around the globe.

Volume in this stock over the past two days has gone nuclear- From less than 50,000 shares a day, little ONFI has all of a sudden traded 5.2 million shares on Tuesday, and 16 million shares on Wednesday. Who knows what's going to happen on Thursday. If the volume continues increasing, the stock is likely to perform well. If the volume heads the other way, the stock might head that wayas well.

A mere 1 cent breakout would yield 25% to 40% to you.

For you penny stock gamblers who like a low price and a lot of leverage, pounce on this one, and keep your right index finger close to the "Left Click" on your mouse.

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