Rowsley

Rowsley 13 Mar 13

This counter looks pretty interesting. Has climbed up pretty fast from 9 cents in last Dec 12 till about 47 cents today. Five times ! This is a penny stock to begin with and technical analysis usually do not go well with penny stock which has low volatility and volume initially. I guess, to catch such a counter, you will need to apply fundamental analysis such as intrinsic value, competitive advantage, all the financial ratios etc. Still, Penny stocks are subject to manipulation. Hence, it is not so simple.

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