Relm Holdings Inc (RELM)

[ACEVENTURA777]

Is anyone else noticing RELM?
Is anyone paying attention to RELM? The past four trading sessions have closed green and the accumulation/distribution chart has turned positive and is now trending higher.

This comes as no surprise to me, as the last sell-off was premature as disappointed investors sold off. The Company issued an update on July 15 stating that they were retaining a private auditing company to audit 2008 and 2009 earnings. Investors were denied the financial updates, and acquisition updates they expected. The significance of this news announcement was competely overlooked by investors. Investors are now realizing this news can only mean good things. The external audit is a very bullish sign, as it states that management is serious about their business plan and getting their financials in order to become current on the pink sheets, move forward with merger acquistion deals, and move up from the Pink sheets to the OTCBB.

It appears as the churn at the .0006-.0008 range is nearing completion, a move higher in the .0008-.0010 range would confirm this bullish trend. RELM is known to run for no reason at all and is often the target of Trading groups. I have also noticed names appearing on various message boards, and in chat rooms talking about RELM. When these individuals take an interest n a stock, it often runs very nicely.

In closing I took a nice position at .0006 and expect gains in the .0012 to .0015 in the very near term.