AI
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Tuesday, March 12, 2013 8:20:25 AM
.10 = just $6 million market cap
Based on current shares outstanding .10 would still only be a $6 million market cap. Now, to be fair, we have to see how any acquisition/merger is structured, hopefully they do it most in preferred shares. But just on speculation alone any shares bought under .02 a smart trader can sell half at .04 or higher, and let the rest ride with zero loss risk.
If you add in $22 million in revenue, and get this thing audited, then yea, a price of .10+ can be hit here really really fast.
Chart is starting to look bullish. Watch the 200 day average, which is around .02, we break that and its game on!
Watching these indicators
- Volume to pass prior days, 200K+ would be bullish
- Price to trading into the .015 to .02 range
- Accum/Dist to continue to climb higher
- Break 200 day at .021
Based on current shares outstanding .10 would still only be a $6 million market cap. Now, to be fair, we have to see how any acquisition/merger is structured, hopefully they do it most in preferred shares. But just on speculation alone any shares bought under .02 a smart trader can sell half at .04 or higher, and let the rest ride with zero loss risk.
If you add in $22 million in revenue, and get this thing audited, then yea, a price of .10+ can be hit here really really fast.
Chart is starting to look bullish. Watch the 200 day average, which is around .02, we break that and its game on!
Watching these indicators
- Volume to pass prior days, 200K+ would be bullish
- Price to trading into the .015 to .02 range
- Accum/Dist to continue to climb higher
- Break 200 day at .021
Have a great low float, or killer chart to share with our group of traders?
Post it up on my new board!
Sweet Crude's - Low Float and Chart Plays (please join)
http://investorshub.advfn.com/boards/board.aspx?board_id=21852
