I don't like discussing penny stocks because they are, for the most part, gambling. However, we have been successful trading a few in the past. The only one that I will metion here since it has had a very consistent news announcemnet trend is Cord Blood America, CBAI.OB. We recently picked this up at .0039 after watching it bottom-out after it's last pop on news. News came out a couple of days ago about some health care insurance partnerships that led to the rapid increase on large (relative) volume. We got out at .0065 for a 62% profit. It topped out a little higher at the end of the day but as the chart shows we got out as close to the high as you could without a time-machine.
I truly like this company and what the CEO is doing. I believe at some point in the future this will be a viable investment and those that hold shares and forget about them will see a nice return. Cord Blood Storage, while not an insurance policy given the statistics of actually ever using it, is inexpensive enough and the science is still in its infancy that one-day this may help people overcome some of the most serious diseases we battle today. A few more strategic moves to beef up the balance sheet with some profit and a reverse-split to raise the stock price to gain some attention and CBAI will be set to soar.
I will be back in when it pulls back below .004 again.
Happy Trading...
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