Today’s Market Runner: Is Buying ENGIE SA ORD FRANCE (ENGQF) Here Winning Strategy?

November 29, 2016 - By Marguerite Chambers

Today's Market Runner: Is Buying ENGIE SA ORD FRANCE (ENGQF) Here Winning Strategy?

The stock price of ENGIE SA ORD FRANCE (OTCMKTS:ENGQF) recorded $0.19 in recent trading, touching $12.01 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, ENGIE SA ORD FRANCE’s stock was big mover. According to the short interest report published recently, (ENGQF) had 96,500 shorted shares for 15.3 days to cover. The prior short interest was 106,800 for a $-9.64 change. The 52-Week High and Low are noted here. -33.90% (High), 1.26%, (Low). The stock had 6,300 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 ENGIE EUR1 (OTCMKTS:ENGQF) news were published by: Economictimes.Indiatimes.com which released: “France offers EUR 1 billion to revive India’s combat jet engine project” on July 03, 2016, also Marketwatch.com with their article: “Engie confirms targets as first-half profit rises” published on July 28, 2016, Moodys.com published: “Moody’s downgrades ENGIE to A2; stable outlook” on April 27, 2016. More interesting news about ENGIE EUR1 (OTCMKTS:ENGQF) were released by: Marketwatch.com and their article: “France’s Engie posts loss on big write-downs” published on February 25, 2016 as well as Moodys.com‘s news article titled: “Moody’s affirms GDF SUEZ (ENGIE)’s A1 ratings; changes outlook to negative” with publication date: June 11, 2015.

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