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Sell SPNG?
Answers
678 points
BoxCar answered 5 months ago …
YES There could be one more runup, but I doubt it. Do <www.stockcharts.com> on it.
There's been a doubling of voume but its a "sell-off" as MFI drops like a rock, so a
classic Head n' Shoulders is developing. Don't be greedy, can buy back at 0.4 shldr
102 points
jeme answered 5 months ago …
The two best performing stocks on the OTCBB are SPNG and ZAGG. If you compare the two firms the market cap. of SPNG should be around $300 million now; which would equal a pps of approximately .41. With SPNG on track to have approximately $ 200 million to $ 300 million in sales for FY 2010 and a conservative net of 15%, that would put the pps at approximately $ 1.67 by mid 2010.
SPNG wants to reduce the shares outstanding to around 200 million. That would put the pps at about $6.50 by mid 2010, with 200 million o/s. This does not take into account sales on new products being developed, NASDAQ listing, institutional buying, etc.
