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Raging Bull podcast: Williams takes a chance on Strikeforce Technologies (SFOR)

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Jeff Williams, lead trader at PennyPro.com said Monday that he had jumped into Strikeforce Technologies Inc. (SFOR) despite the penny stock being in the middle of a big move on Monday, figuring that it had the potential to reach new highs of roughly three cents per share. Williams acknowledged that the trade — he bought 200,000 shares of the stock at 2.2 cents per share — has more risk than many he takes on, but he noted that the technical indicators on the stock combined with the trading volume and other indicators make the potential upside worth the chance.

Jeff Williams is the lead trader of PennyPro.com. He is a short-term trader of stocks under $10 a share. At the time this interview was recorded on Oct. 16, he held 200,000 shares in SORL purchased earlier that day at 2.2 cents per share, and he was planning to trade them as described in the interview. The Raging Bull podcast features experts from the site talking with Raging Bull editor Chuck Jaffe on his show, “Money Life with Chuck Jaffe.” You can learn more about Chuck’s daily hour of market and personal-finance chat at MoneyLifeShow.com; you can subscribe to the Raging Bull podcast via iTunes and other podcast providers.

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