Sulja Bros. Building Supplies, Ltd (SLJB)

[YankeeAce]

In the past I have heard that these subbies often need a 50% retrace before another move up. If you call the start of the move about $0.003 to $0.005 and the top around $0.045, then the 50% retrace would be complete at about $0.023 to $0.025. We should begin to see some strady resistance up to the $0.03 level where we may base until shorts attempt to cover or the merger completes. There is a nice chance to double or triple pretty easily from here so I have doubts that we will continue any further down. On the other hand if the shorts are fighting back we could have seen another 10 million shares dumped onto the market today. They could be digging themselves a deeper grave.

Clearly these statements on pinksheets.com are internal statements only because they are not marked as Unaudited and there are a couple of issues. Take the Cash Flow Statement for the Fiscal Year End 12/31/05. At the bottom it says the cash at 12/31/05 is $5,276,486 yet on the balance sheet we are showing only $3,500,000. Most likely if there is a move to the OTCBB in the future LFWK will simply take these to an accounting firm which will clean them up and restate everything before filing. Either way at least we are now able to see a ballpark of the company's business since it went public.