While someone forgot to mention there is an invisible “X” attached to the ticker, shares of Helmer Directional Drilling Corp. (OTC: EXLA) continued getting drilled in the new year. Since the Christmas Day alerts went out hyping up the week old news of the Company’s intent to buy Execlsior Gold Corp. despite having no assets whatsoever as per their last filing, EXLA stock has been stuck on the toilet on a run downwards causing some to think a bounce is imminent. Looking at a similar case study from a few months ago, Louisiana Food Company (LUSI), the chances of seeing a decimal point move to the left are more likely than one to the right.
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EXLA Stock Chart
Market Cap: 1.70M
Last: 0.0065 ▼ -0.0010 (-13.33%)
Dollar Volume: $10,966
Issued and Outstanding: 261,466,723
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The Company, Helmer Directional Drilling Corp., has two things going for it from a technical point of view. One is that from December 31, 2007 up until the recently announced 5.3-for-1 forward stock split, they haven’t issued one share. The other point which is worth noting is that the address from which the Company has as their principal executive office is worth about $297700. This home has 4 bedrooms, 2 bathrooms, and approximately 1,616 sq ft of living space and within 5 minutes drive of every child’s favorite Pizza rodent.
Beyond that, there is nothing which indicates that either Helmer Directional Drilling or Excelsior Gold Corp. exist anywhere except in the PR issued on December 17 (see here). The stock has tumbled each day its traded since the announcement was made which has some traders thinking a bounce is about to happen. Looking at the volume traded and the meat behind the Company, best to put an X right after EXLA rather than try to fight the momentum building up.
About EXLA Stock
Helmer Directional Drilling Corp. is a developmental stage company that had a principal business objective of offering premium baseball cap type head wear for women with exquisite taste and extravagant appetites as exclusive accessories to differentiate themselves. Say What?
Click here to view the SEC filings of EXLA.
Last 5 Trading Sessions:
Bottom Line: EXLA stock very well could be a penny stocks to watch candidate if support actually does hold up at .005 and they do actually close a deal for this Excelsior Gold before January 31, 2013. However, anyone who has ever attended a science class of any kind knows that in order to bounce, the object must be solid and EXLA is as far from that as it is to discovering gold, drilling for oil or having their exquisite head wear on any woman’s head.
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