Market continues to show a lot of volatility into summer but there are always HOT PENNY STOCK PICK opportunities out there no matter what the market is doing. As I have proven with nearly $400,000 in profits trading penny stocks Live on FOUStv HERE using none other than the FOUS4 trading system that i Teach to all who are willing to learn HERE .
So i had featured E-cigarette company VPCO earlier this month as one of the best penny stocks to watch in this blog post HERE when it was at just .92 cents and it then ripped 50% in just a few days! It has since come back down to support around that ever so special $1 area and I had been monitoring it ever since looking to buy back in
Check out the stock chart from when i featured it on June 11th:
Now looking at the stock now we have come back down to a buy area @ 1 after ripping up near 1.50! I had been talking about this stock the past week in our chat room HERE that if we can rip over $1 again this is a strong buy. We finally got that opportunity today and while I didn't get the perfect entry around $1 that i wanted. I alerted to long some @ 1.07 and will continue to add more on the dips.
This stock could be at just the beginning of a major move here. E-cigarettes are increasing in popularity extremely fast! In fact an E-cigarette store just opened down the street from me. The first in my area that I have seen and I imagine more will continue to pop up. So VPCO could be a big opportunity to take advantage of this growing industry in the penny stocks world.
"More than 1 million people in France are now regular users, compared with 500,000 at the end of last year, according to a government-commissioned report published last month. The country has more than 150 dedicated shops, according to the report, a number expected to double by year-end. And users have coined a new verb to describe their smokeless puffing, the French “vapoter.”"
"The sector will approach $2 billion in sales by the end of 2013, and may exceed $10 billion by 2017, according to Bonnie Herzog, an analyst at Wells Fargo & Co. in New York. Demand for the smokeless devices may surpass that of traditional cigarettes in the next decade, Herzog said. "
This could be a HUGE opportunity to get into this industry early. What do you think?