The guy who gave me the .02 - $4.61 2 month stock gave me these two. BIHC is a beverage company and are supposedly selling their main subsidiary. Was .02 when I found out and pulled to .01. Yesterday ran from .02 to .045 because sale/takeover?? was supposedly to be announced today. Looks like people bailing today as it's back to low .03's. I made 75% & 125% but on small lots.
QMNM I like much more. They have a mine ready to go into production at a rate of 1100 tons/day of coal and a contract in place to sell for $140/ton (not positive on that #)
Ran from .008 to .07 including 450% last Monday before pulling back and settling in the .02-.03 range awaiting word on production. A lot of info on Yahoo message board confirming the P/R they've been putting out. Was a $10 stock a couple years back. I have 200,000 shares averaged .0235 DYDOO
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Read up a lot on QMNM last night;
Basically they lease land w/ closed coal mines that they claim are about to reopen (profit margins are now such that they can extract this harder to obtain coal, wheras they could not do so profitably before). As long as energy prices stay high, it is profitable to pull this coal out.
I could have sworn I read it was 110 not 150, but can't find that number now...looking again....
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