SwingTrade Member Forum

[jaybird249]

$1.1 NASDAQ stock $2.5 per share cash
Beaten down low float stocks are EXPLODING and GLOV:NASDAQ ($1.10 $4.75 52 week high) may be next on the low float momentum list.
GLOV has risen $.30 in last few days but poised to go MUCH higher IMO.

GLOV has a 1.2 MM float, $2.5 per share cash, $25 MM sales.

HIGHLIGHTS:
GLOV has a huge market, medical and industrial gloves.

GLOV was $4.75 last year and is now in best shape in years:
-Just got $3 MM financing at end of June
-Recently GLOV reported approval for continued NASDAQ listing.

- In its 10 K GLOV states that it is slashing costs and introducing higher margin products should provide positive cash flow by mid 2007.

-GLOV trades at a 2 % of Industry Price/Sales ratio (Price/Sales ratio of 0.07 compared to 2.7 Industry average)

Note that GLOV received the $3 MM financing AFTER the Auditor signed off the "Going Concern" qualification in mid June, GLOV is now healthy financially with $3 MM cash and n debt.

GLOV has all the ingredients for rapid price appreciation, tiny 1.2 MM float, healthy financial position, trading at a 98% discount to peers it won't trade at these levels for long.