BUNM is showing more-bullish tendencies as we approach 1,000,000. RSI is still around 50% mark so we have plenty of upside.
We ought to be attractive for investors in that we continue to be at the bottom of a major cup and handle formation. This economy has reduced money flows into plays like ours but once we approach and hit 1,000,000 the speculation premium is going to kick in. Price as always is going to follow sustained volume.
I do not think there is going to be any warning about when news will come our way. The co. has been running on silent mode for quite a while and I don't believe 'news' is going to come through any unofficial channels. If news is 'leaked' we could see huge volume increase but other than that major news will likely come with no warning whatsoever.
For all any one of us know--the co. could now be engaged in serious and substantive talks with a buyout suitor. If not--the hypster member base will continue to grow in an exponential manner.
Last year on this date (262,443 USERS March 5th 2008)!!! We are approaching 925,000 currently March 5th 2009)!!!!
The potential of hypster.com IME is basically 'untapped' when you look at the potential streams of income the co. could yet obtain from its customer 'base.' Any of the above is additional to any current monies now obtained through ad revenues.
I currently don't see indication from BUNM management that they intend to mine these revenue streams--rather I see a buyout entity moving this to the next level.
Who doesn't believe the odds are greater for a buyout offer with 1,000,000 users rather than 262,443?
IMO there ought to be numerous entities who can 'see the light' and see that hypster.com could be their present and future business survival and pay for the privilege accordingly.
For the naysayers--take a look at the kind of money that Best Buy threw at napster.com (HINT excess of 120 million) and you will quickly deduct the actual and potential value of digital music media sites like ours.
PS: AJAB feel free to quote me liberally lol
