Penny Stock Alert: Could OIL SEARCH LTD ORD (OISHF) Go Down?

November 29, 2016 - By Vivian Park

Penny Stock Alert: Could OIL SEARCH LTD  ORD (OISHF) Go Down?

The stock price of OIL SEARCH LTD ORD (OTCMKTS:OISHF) recorded $0.04 in recent trading, touching $4.97 and getting interest from avid investors. It’s the latest price, but let’s analyze how the stock has been doing recently. In the past year, OIL SEARCH LTD ORD’s stock was -26.00%. According to the short interest report published recently, (OISHF) had 2.76M shorted shares for 2122.5 days to cover. The prior short interest was 2.84 million for a $-2.77 change. The 52-Week High and Low are noted here. -12.96% (High), 28.76%, (Low). The stock had 1,300 average volume.

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When moving into land of penny stock trading, one must determine whether the risk-reward ratio is favorable. Penny stocks can be tremendously attractive. Hollywood often shows selling or trading stocks being easy and fun, with millions of dollars earned as profits. It’s important to identify that there is considerable risk involved when putting money in penny stocks. The risks list include market volatility, getting stuck with fake shell firms created for the only objective of the ‘pump and dump’. For those who are not aware with the term, pump and dump happens where brokers promote the equity until prices rise, then sell the stock, leaving novice investors to bear the loss.

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It is a common thing to get caught up in the excitement of penny stock email bulletins. Though the circulars are a helpful means to get ideas, wise investors still perform due diligence on interested stocks. Some penny stock circulars show a disclaimer at the bottom that states something like ‘We are not market advisors, we’ve got compensation and we may have this stock in our portfolio.’ Further study must be carried out to find out if a firm actually has businesses or is simply a home office.

Many a times, when a promotional plan is designed, there are big shareholders offloading shares they might have bought long ago, waiting for an opportunity to recoup their investments. It never indicates that these firms termed as ‘fake’ aren’t good options for short-term trading. If you have disposable money that you can put in use to make a quick trade, what a firm does is less significant than recording a win on a trade. In such a scenario, things like stock promotions are advantageous for shareholders as they throw more light on a dark or defunct firm.

Look at a promotion last year of Cynk Technology (CYNK), which surged all the way to $21.95 from low of 6 cents. The firm itself had very little to deliver as far as fundamentals or operations are concerned, and its shares price was purely led by trading activity.

Disclaimer: The information contained on this website and from any communication related to this website is for information purposes only. The material on this website does not constitute advice and you should not rely on any material in this website to make (or refrain from making) any decision or take (or refrain from making) any action.

More notable recent OIL SEARCH LTD NPV (OTCMKTS:OISHF) news were published by: Fool.com.Au which released: “Are Woodside Petroleum Limited, Santos Ltd and Oil Search Limited hugely …” on January 07, 2015, also Businesswire.com with their article: “Samson Oil & Gas Agrees to Acquire Williston Basin Properties” published on January 06, 2016, Fool.Co.Uk published: “Could Sirius Minerals PLC, 88 Energy Ltd And Solo Oil PLC Be The Hottest …” on March 23, 2016. More interesting news about OIL SEARCH LTD NPV (OTCMKTS:OISHF) were released by: Businesswire.com and their article: “Samson Oil & Gas Announces Sale of North Stockyard and Amendment of Debt …” published on July 01, 2016 as well as Businesswire.com‘s news article titled: “Samson Oil & Gas Advises June 30 th Reserve Estimate” with publication date: September 11, 2016.

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