stocks that hit the magic 10 cents

  1. 1,263 Posts.
    Got into SWT the other day on the back of their announcement that they expected to earn around $1.5 million this financial year and still have a tiny market cap of around $8 million. Also expecting to continue rapid growth.

    Today SWT almost hit the magic 10 cents, before dropping back to 9.3 cents ( up 3.3%).

    The good thing is once it cracks 10 cents, the minimum price increase becomes 0.5 cents, so each time we jump we jump by 5 percent. This is great for trading, lots of traders start to get on board. Thats why stocks rarely seem to trade around that magic 10 cent mark.

    Expecting good things from SWT, both short term and as a medium to long term hold, as it expands rapidly.
 
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