The stocks price movement Puregold Price Club Inc. gives us the perfect example why we people love to invest. If you look at their chart from the time of its initial public offer (IPO) October last year, you will see a steady rise on its price. This is in stark contrast to EEI or TDY where there is a sudden upward movement in a matter of days.
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| Puregold's stock chart since IPO |
PGOLD was not well received when it was first traded in the exchange. It came at a time when the debt crisis is in everyone's fears and most people declined to make transactions until further development. The stock was priced at 12,and it immediately declined to its all time low the next day to close at P 10.68. It only recovered going in the early weeks of November jumping from P 12.74 to P 14.48 in November 4 trade. The stock had consistently ascended since then. It range trades between 28 to 29.8 the past week and does not show any signs of being overbought. It had already increased 2.46 times already and its strong financial performance make investors comfortable with the company. PGOLD has also aggressively joined roadshows to pursue investors abroad and broaden its company brand. A good investment, if you ask me.
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