The 39 cent shares of DHS Holding Co. (OTCBB: DHSM) is one of those cheap penny stock with such a small float, 3.3M, that should be on the radar at the open. DHSM has seen its stock price rise to as high as $1.02 just a couple weeks ago when they had some heavy volume trading which could replicate today. DHSM closed at $0.39, down -2.50%, on volume of just 105,877 in the last trading session.
For the last three trading sessions, DHSM, focused heavily toward the multi-billion dollar gaming market, has released news via the press release bingo wires rgarding developments in Belize and the retirement of an additional 25 million shares of its common stock. This announcement is just 10 days after announcing the retirement of 50 million shares of its common stock.
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DHSM Stock Chart:
DHSM Stock Analysis:
Market Cap: 14.61M
(Apr 5, 2012): 1.02
(Feb 9, 2012): 0.17
Avg Vol (3 month): 41,395
Avg Vol (10 day): 68,400
Shares Outstanding: 44,367,510
5 Day History
Percent Change: -2.50%
Moving Average 0.408
Average Volume 59,018
DHS Holding executives announced on Friday that they will present Site Plans for the complete Cenote Falls project which is to include a Casino, Hotel and Shopping Center. Currently, DHSM has no plans to release any renditions to the artist’s renderings of the site plans the public. If all is as true and above board as they would like us to believe, this will be a world-class project and one of the largest, most complex for the country of Belize.
The primary focus of DHS Holding Co. is to pursue mergers and acquisitions of companies with potential for growth and success. DHS is aggressively moving to develop and expand on both domestic and international opportunities that include multimedia, publishing, and most recently, land development.
Bottom Line: If you plan to trade DHSM, make sure your stop loss is tighter than normal penny stocks. DHSM is so attractive with the small float it has, don’ let retirement of the company’s common stock wind up lounging in your portfolio after today. Day trade.