Posted On: 05/18/2014 2:23:07 PM
Post# of 2561
$SSBN Daily Chart ~ The Chart is Set
As I've mentioned over the last five weeks, a few friends and I have been accumulating SSBN from .90 to 1.00. As you can see below, the FullSto and MACDs began to crossover the last couple of days. The last three days of volume appear to have finally taken out the seller(s) who have been parked at 1.00-1.03 for the last week or two. The short term top at 1.10 was taken out, and any further buying on Monday will probably see the stock begin to test the next two horizontal resistance points at 1.30 and 1.65. In the last five minutes of Friday's trading session, the share price moved on approx 4,020 from 1.05 to 1.15 with a trade hitting 1.25 just 4 seconds after the close. SSBN is very thinly traded with just 1.393 million shares in the float and only 7.019 million shares in the OS. If you haven't done so yet, read the last two releases for an idea why I believe SSBN could be a $20+ stock this year. When management closes the acquisition of Motor Acceptance and Motor Max, it looks like annual revenues will be nearing $86,000,000. Review the spike the stock made in late March when the LOI news took the stock from .59 to 1.65 on just 123,000 shares. An announcement that the acquisition(s) is completed, could easily take the stock into the $5.00 area. GLTA
As I've mentioned over the last five weeks, a few friends and I have been accumulating SSBN from .90 to 1.00. As you can see below, the FullSto and MACDs began to crossover the last couple of days. The last three days of volume appear to have finally taken out the seller(s) who have been parked at 1.00-1.03 for the last week or two. The short term top at 1.10 was taken out, and any further buying on Monday will probably see the stock begin to test the next two horizontal resistance points at 1.30 and 1.65. In the last five minutes of Friday's trading session, the share price moved on approx 4,020 from 1.05 to 1.15 with a trade hitting 1.25 just 4 seconds after the close. SSBN is very thinly traded with just 1.393 million shares in the float and only 7.019 million shares in the OS. If you haven't done so yet, read the last two releases for an idea why I believe SSBN could be a $20+ stock this year. When management closes the acquisition of Motor Acceptance and Motor Max, it looks like annual revenues will be nearing $86,000,000. Review the spike the stock made in late March when the LOI news took the stock from .59 to 1.65 on just 123,000 shares. An announcement that the acquisition(s) is completed, could easily take the stock into the $5.00 area. GLTA
(0)
(0)
