The penny stock of Marlborough Software Development Holdings Inc. (MBGH) broke out hard this morning, gaping up more than 860% from its 0.025 close on Thursday. Getting the nod from the bullpen by JoePennyStocks and crew after a delay yesterday, MBGH stock crossed the Grand Canyon overnight and has had traders in a frenzy for sticks of the message marketing company. However, after a long drop from it’s 0.45 HOD and trading at well under the 0.24 open, it’s only a matter of hours before the home run touting of a 10-bagger gets shot into your inbox.
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MBGH Stock Quote
Market Cap: 1.84M
Last: 0.17 ▲ +0.148 (+672.73%)
Dollar Volume: $99,183
Issued and Outstanding: 10,801,609
14-Day Rel Strength: 69.09%
14-Day Stochastic: 37.08%
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Likely to finish in the top 10 traded OTC stocks today, awareness being brought to Marlborough Software Development Holdings may not be such a bad thing after all unless you got suckered into buying MBGH in the first hour of trading. With revenues of $2,335,000 for the 3 months ended December 31, 2012 and $1,903,000 for the 3 months ended March 31, 2013, at least this company has a pulse and means of surviving lang after its PPS returns back to under 0.04.
Thanks to a merger back in 2011 which allowed Marlborough Software Development to gain access to Bitstream’s Pageflex and BOLT product lines, sales have been booming big enough in the mobile browsing technologies and variable data publishing, Web-to-print, and multi-channel communications technologies that the Company is getting closer and closer to actually reporting Net Income.
That being the case, putting MBGH stock in front of so many hungry eyes was a mistake in many ways since, first of all, its all just for show to put a big triple digit winner on the board which wasn’t really one in the first place since it only went from 0.24 to 0.45. Secondly, since MBGH stock rarely sees any activity at all, think of how the financing arrangements will need to be discussed when the Company attempts to use some stock as collateral for a loan in the not-so-distant future.
Banks don’t like blips and traders don’t either, especially when they are all in at the top of the blip.
About MBGH Stock
Marlborough Software Development Holdings, Inc. is a software development company focused on bringing innovative and proprietary software products to a wide variety of markets.
Last 5 Trading Sessions:
Marlborough Software Development Holdings’ MBGH stock was a cleverly devised way to get some new followers to the newsletters run by Joe Penny Stocks and Fox Penny Stocks. Keeping an eye on MBGH stock after today is useless – nothing to see here anymore.
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