Stocks can be very, very risky. Stocks can also be a lot of fun. It’s kind of like riding a roller coaster.
If you’re a heavy risk-taker, and you’re looking for a company with a recent spate of good news, you might want to take a look at Palo Alto, California-based company Sysorex (NASDAQ:SYRX). This company recently announced that it was awarded a contract that is part of a NASA program that costs $20 billion and runs for five years. The contract involves the enterprise-wide procurement contract vehicle.
This piece of good news took the company’s stock up 100% in intraday trading. This is not the first time Sysorex has seen a phenomenal increase in its stock value. If you look at the past two years, the stock has gone from $1 a share to as high as $18 a share and then back to $1 a share. It has had a lot of rallies and crashes.
If you are looking to buy a company at $1 a share and wait for a rally to maybe $4 or $6, this might be a good candidate. However, keep in mind that if you pay attention to its pattern when it went public as well as its previous incarnation in 2011, you might want to be very cautious. You don’t want to buy it at a rally high. Instead, you want to buy the stock when it just collapsed at $1 and let it coast.
The main factor that I like about this stock is that it’s so cheap to get in. Of course, a lost dollar is a lost dollar and is a complete waste. However, if you’re chasing after returns, and you’re a heavy risk-taker, Sysorex may be well-positioned to be the company you should look at.
Another great thing about this company is that it is a tech stock and as you know with tech stocks, it doesn’t really take much to move the needle. Regardless, considering the fact that it has rallied and crashed several times in the past, buyers definitely need to beware.
