Well, we’re off to just a fantastic start with my latest offering- UFood Grill- UFFC. I launched last week when the stock was trading at the absurdly oversold level of $.12, and now that investors understand the company is cashed up again, the stock has been nearly a triple in a few short trading days.
As you can see, from the $.12 start, the stock has now appreciated 166%- from $.12 to a high of $.32.
It’s done better than even I thought it would in the short term. I don’t think having a 500 point up day in the DOW hurt one bit.
If you’re watching this, and think you missed the boat, you’re probably right if you want the absolute bottom.
From a common sense point of view, I would not suggest buying now. In fact, if you were an early buyer, it might make some sense to limit your risk and take some money off the table.
If you’re looking to get in or add more, here’s a chart with FIB retracements. Your first level to look at is $.25- a buy there. at $.19 it’s a strong buy.
Comments and questions are welcome.