The second half looks prosperous. The good news last week on the jobs report might cause Powell to hesitate to pull the trigger on his implied 1/4 point rate cut, but to my eye a stronger economy not in need of a rate cut is an economy better positioned to continue the bull beyond what .25 points can do. I say keep the bullets in the chamber and let the markets deal with it in the short term.
SFG8....if there is one thing I consistently preach here beyond my specific stock picks, it is to leave penny stocks alone. Kona Gold has it's hooks in you and it shouldn't. PLEASE go back and check out the charts back to 2011. Virtually EVERYONE that has touched this "gold" has been burned. This company has been diluted and diluted and diluted while the CEO (and others), I am sure, are living quite nicely.
You stated in another thread that they hit $700,000 in sales this past quarter. If they keep that up, they can hit revenues of 2.8m. On that, profits will still be less than a million bucks and it will be their most successful year ever. Kona Gold is not an investible company and its stock price reflects that. My recommendation is to put your money elsewhere, maybe somewhere that pays a dividend.
The second half looks prosperous. The good news last week on the jobs report might cause Powell to hesitate to pull the trigger on his implied 1/4 point rate cut, but to my eye a stronger economy not in need of a rate cut is an economy better positioned to continue the bull beyond what .25 points can do. I say keep the bullets in the chamber and let the markets deal with it in the short term.
SFG8....if there is one thing I consistently preach here beyond my specific stock picks, it is to leave penny stocks alone. Kona Gold has it's hooks in you and it shouldn't. PLEASE go back and check out the charts back to 2011. Virtually EVERYONE that has touched this "gold" has been burned. This company has been diluted and diluted and diluted while the CEO (and others), I am sure, are living quite nicely.
You stated in another thread that they hit $700,000 in sales this past quarter. If they keep that up, they can hit revenues of 2.8m. On that, profits will still be less than a million bucks and it will be their most successful year ever. Kona Gold is not an investible company and its stock price reflects that. My recommendation is to put your money elsewhere, maybe somewhere that pays a dividend.
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