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Re: dannyboy5 post# 1821

Wednesday, 11/12/2014 12:21:18 PM

Wednesday, November 12, 2014 12:21:18 PM

Post# of 2059
Yes you are correct the RSI is high... but I think this company might bend the rules a little bit in some areas- mainly the share structure There just arent that many shares to go around and because the company was basically dormant in the stock world for the last 2 years the bottom was dramitically oversold given that it was trading under half of the value of the cash on hand just a few weeks ago and they now look to be beginning aquisition plans it could be a continued move once announcements of aquisitions start to unfold- If they can add revenues they can also be north of 25-30 cents pretty quickly and given the timetable below with only around 45 days or so I'm not concerned about the rsi as much as I am being on the sidelines and missing a move to higher levels in this case




"From the Q - Management has identified three acquisition candidates including a healthcare specific digital advertising network, a company with a new method of drug delivery and an adult care center. Management is in the final stage of negotiations with these companies, and while there can be no guarantee of success, anticipates entering into a Letter of Intent to Acquire at least one of the companies in the fourth quarter of 2014."