InvestorsHub Logo
icon url

carpetmike

06/11/13 9:59 PM

#64798 RE: TraderUsa #64797

from your mouth to gods ears!
icon url

payperview

06/12/13 6:20 AM

#64802 RE: TraderUsa #64797

what is your basis for these predictions? I wish it were true, but there is absolutely no reason at this point in time for something of that nature to happen.

First, there would have to be some news. I doubt that any PR campaign would achieve what you predict. I even doubt that it is achievable even if JH announces and provides proof that the payroll liability has been paid, and comes out with a statement that a business plan has been implemented and revenues are being generated.

Why?

Second, there are between fifty and one hundred long term stock holders, a few rather large, that hold more than fifty million shares. More than half of those shares were purchased at between three and five cents, most of the rest higher. Most of these investors are looking to get out.

This means that if some worthwhile and verifiable news comes out the stock will run into a big pocket of resistance at the three to five cents area. Because there will also be others getting in and out in that price range, it will require transactions totaling more than fifty million shares to move the stock past the five cents level. The more transaction it takes to move it past the five points level, the more likely the price will hold since it would be an indication of increasing stock recognition and removing of the stock from weaker and trader hands.

If fifty million shares traded gets it to five cents, it is likely to back off since all the long term holders are not out. Volume would have to be more than a hundred million to be certain that all the long term holders are gone.

In other words, your scenario doesn't seem possible. It could make it to .10 if and only if the company does the right things and that move most likely would take more than a month. If it can cross those barriers, then it could move much higher.