STRU, where is it going and where has it come from?
It was trading for less than .01 only two weeks ago.
How much more upside is there left in the stock? That is a good question. I wish I was able to give you a true prediction as to where the stock is headed.
I don't know. The only thing I do have handle on; the MMs or whoever it is, they have been buying and buying and buying the stock all the way up. Large blocks of 30, 40, 50, thousand blocks go off every day. Even at these levels. It doesn't show any signs of weakness.
I have spoken to the company almost daily for the past two weeks.
From the many conversations, I gather they are onto something really big. We will all know what it is in the upcoming PR. They are quite confident about the current direction of the stock and the company.
You can get all the DD that I have been able to gather from the company in a couple of the previous posts or go to Raging Bull and see it repeated a thousand times by RagingPig.
exchange2000.com
exchange2000.com
exchange2000.com
I have friends and business association who have a better grip and understanding on what STRU is all about and most of them believe the stock could trade between $5-$6 before the summer is out.
How did it wind up going down to a penny? Very, very poor management is what the company told me. The current management consist of previous shareholders who did a friendly takeover. In the takeover, supposedly the debt was not carried forward. That went by, by with the old management. I don't know the details of the restructuring.
If and when it does ever drop back down, which I really, really doubt it will be any time soon; it will come down slowly because of the float size. Which is around 52 million.
I believe if there ever was a stock that shows no signs of weakness anytime soon, it would have to be STRU.
Now, for todays action; I was quite surprised by how far we went up.
In the past, the MMs were letting it go up only about 15-20% a day.
They faked me out of a few shares.
Tomorrow, I believe we will gap up above .50 tomorrow. Where will we go from that point? I don't know, but I definitely will bet that we closer higher than what we open up at in the morning.
I would sit back, enjoy the ride and assess your situation once the news does comes out. That is what I am going to do.
Good Luck! |
