Spring is just around the corner and the time to break out that bikini from last year to see if it still fits well is just weeks away. Since it may not be in style anymore to get those free Mojitos when you come strolling out of the resort’s infinity pool, the lucky ladies who are looking to upgrade now have SMACK Sportswear (OTC: SMAK) to add to their retail therapy weaponry. For the women and men looking to trade SMAK stock in anticipation of a spring fling, perhaps looking back at last year’s PRVCY Couture blue jean phenom, Omni Ventures (OMVE), may help in deciding whether or not to follow the history of Charles A. Lesser.
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SMAK Stock Quote
Market Cap: 5.00M
Last: 0.125 ▲ 0.016 (14.68%)
Issued and Outstanding: 40,000,000
14-Day Rel Strength: 53.99%
14-Day Stochastic: 100.00%
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Almost one year to the date, we issued alerts on the penny stock of Omni Ventures Inc. and watched OMVE stock run for a month from the same range SMAK stock is at now to as high as 0.525 for gains of 441%. Now that SMACK Sportswear has added Charles A. Lesser, the former President of Omni Ventures, former CFO of True Religion Apparel, are we looking at the beginning of the exact same scenario?
Although the Q filing for the most recent three months ended December 31, 2012, the financial data wouldn’t make much impact anyway since the real happenings of SMACK sportswear have all occurred in 2013.
In January, over 30 million people got a chance to see SMACK Sportswear debut its 2013 line of bikinis, board shorts and casual wear on ABC’s hit prime time reality series, The Bachelor. The episode featured a group date where twelve bachelorettes battled it out in a game of beach volleyball to win a date with The Bachelor while most of the U.S. was buried under snow, ice, and freezing weather.
A huge PR move for the Company, viewers got a chance to see the bachelorettes sporting their new Smack bikinis while heating up the volleyball court on Zuma Beach in Malibu, CA.
Yesterday’s PR announcement of the Company’s first flagship store having officially opened its doors on Saturday February 23, 2013 is superb news since the store sits inside of the former Huntington Beach Training Center, which has since been renamed the “Smack Center.” SMACK Sportswear CEO, Bill Sigler, stated that “Store sales in our first year of operations are expected to add around $200,000 to $300,000 to our top-line growth in 2013.“
While SMAK stock has seen better days when it first debuted back in late 2012, the recent trading activity from the .065 bounce in mid February is more than encouraging, especially for those who are thinking Lesser means more after having hit it big on OMVE stock last spring.
About SMAK Stock
SMACK Sportswear, a development stage company, is the leading brand of custom designed team and beach active apparel, with its primary focus on volleyball.
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Bottom Line: SMAK is a no-brainer addition to the list of penny stocks to watch and should be on every traders radar pre-market. Although the climb on OMVE stock took a couple days before it really took off, today is a good chance to get some SMAK or at least see how the market makers play with the low floater to see if its a penny stock that fits your portfolio’s physique.
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