Sierra Gold Corp (SGCP)
$ 0.0023 ▲0.0002 (9.52%)
Volume: 20,854,169
Up nearly 40% since Monday.
Not a bad week so far for SGCP share holders. With the entirety of today’s 9.52% increase being in the last two hours I’d say the run will continue through Friday.
As I’ve mentioned in my previous posts the penny’s are all about hype. Today SGCP appeared on the Most Active Forums at Investorshub.com, thehotpennystocks.com, and ddmachine.com. The volume increased as did the share price. So whats all the hype about?
Production numbers. With a fleet of dredges finally in the water, the amount of gold SGCP can pull from the river beds should be significantly higher. The big release is approaching and I predict SGCP goes up as people jump in, not wanting to miss the boat. If the numbers are better than expected the stock could possibly find its price in the penny’s. But there is always a chance the numbers will not impress and the price will fall back down. Penny stocks are always a risk, and I will reiterate the importance of selling in increments as the price rises during these hype build ups so that you don’t lose out completely in the worst case scenario.
As for tomorrow I expect the stock to keep rising simply because people will be buying in before the weekend.
As always this post is entirely my opinion only, always do your own DD, and have a great afternoon!
-TG
