Shares in XsunX Inc. Purchased
You may have noticed that I'm starting to buy again. Well I also purchased shares in XSUNX Inc. (XSNX) this morning for my personal portfolio. Marketocracy will not allow me to purchase this stock in the mutual fund since it trades over the counter as a penny stock. The stock has been a strong mover since early September and I have been waiting for a pull back that has never materialized. I decided to purchase a 1/3 position here at this point.
XsunX is a development stage company that I have profiled in the past. Since I started following this company I have seen many other people pick up on their story as well. This stock is a penny stock and we will not see some serious stock appreciation until they finish the development of Power Glass. You should consider this one highly risky if you want to add it to your own portfolio. I see the purchase of this stock as a nice gamble for a long term hold. The big win is once they finish development of Power Glass and either go into production or are acquired by a larger company. I donâ€™t see this happening for several years.
Shares were purchased for my personal portfolio at an average price of $0.38.
DISCLAIMER: I am not a registered investment advisor. The information and trades that I provide here are for informational purposes only and are not a solicitation to buy or sell any of these securities. Investing involves substantial risk and you should evaluate your own risk levels before you make any investment. Past results are not an indication of future performance. Please take the time to read the full disclaimer here.