Justin, now that i know you've found my board i'm going to respond to your last question -- it's on the wrong board -- and create a thread here if you so wish.
as i mentioned in private, ABHI is a stock currently in a dilutive mode in that they are converting the outstanding notes. these kind of plays are what i call accumulators, stocks you have time to build a bigger position, if you so wish, and they can offer some very profitable trades if you've found or gotten near the bottom. the question as always is: how much impact will the weight of the new shares have on the current stock structure? in any exchanging of shares, in this case the notes are being exchanged for shares that are then sold in to the market, the newer shares and their holders have to be absorbed in much the same manner as you would digest a meal -- you eat them down, you break them down, you wash them out.
in looking at ABHI, what i see is a bottom feeder stock trading in a tight range with the kind of volume that is readily absorbable. if it weren't this would be nearer the low of the year. in point of fact, despite the selling, it is inchingly trending up. in other words, this is in an accumulation phase as versus a distributive dump. i'm of the opinion that the current price is a good entry level for what i perceive to be a coming move. but until the tap either runs dry or lessens to a small drip, though it may roll, it will not run.
i bought 600k yesterday at .001 to add to my 500k at .0008. i traded this stock earlier in the year .0008 to .002 and feel that's a very doable repeat target. i do, however, expect this to do better than that this time around. i'm looking for a near term test (and hopefully a break) of the double top at .0023.
current bid and ask as i write this is .0009 x .001. though its possible. i'm not sure if you can bid buy this yet at .0009.
hope this helps!
as always, best to ya'
rich
