re: Have 1,000 and want to put it in mutual fund

quote:

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CDIV - this is a penny stock with only 6MM shares on the market; nearly all of the available "float" is secured and there are a group of investors holding on to it to make the stock rises. The Market Makers who were trying to sell short are losing their arse and this stock that was .05 cents a few weeks ago is now at .14 cents stock and it's about to get into the .20's - probably within a week or two. The short squeeze is coming. If the stockholders don't bail out like lemmings off a cliff at that point it could get to .50 cents.

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I know the guy holding most of that float. If anything, I think the short squeeze has already happened as there are only estimated to be 300k shares held short (see link).

LINK

A good stock to hold onto if you're already in it. But I wouldn't recommend anyone sink a grand into it now. It's gone up over 3000% in 6 mos.

EDIT: I now realize this poster said this in February. Nice call.