After an abysmal 2 months of trading, the penny stock of StrikeForce Technologies, Inc. (SFOR) is finally showing the force that was expected of it on the heels of a bullish outlook beyond their horrible Q1 results. Shares of SFOR stock are trading well above the norm today, bouncing off their lows today of under 0.05 to explode for nearly 100% gains based on a late Friday announcement of new planned deals that potentially could be strong revenue producers during 2014 and beyond. Although everyone has their own method of preventing online identity theft and data security breaches, the positive signs today are sure to create unavoidable losses for any trader not seeing just how bad things have gotten.
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SFOR Stock Quote
Market Cap:
Last: 0.095 ▲ +0.046 (+93.88%)
Volume: 1,150,480
Dollar Volume: $71,235
Open: 0.0513
High: 0.095
Low: 0.0495
Trades: 57
14-Day RSI: 51.89%
1st Resistance Point: 0.0816
1st Support Level: 0.0317
52Wk High: 8.25
52Wk Low: 0.02
StrikeForce Technologies just came off of a quarter where, although their net loss for the 3 months ended March 31, 2014 was only slightly higher than the same period the year prior, their revenues were nearly cut in half, decreasing by $70,090 from $160,991 to just $90,901. Although CEO, Mark Kay, stated that the Company remains bullish on the 2014 annual gross sales projections, how bullish can traders be on SFOR stock when it has been one of the worst penny stocks to own over the last 15 months.
The 2 month chart above doesn’t even begin to tell the true story behind how much of a POS SFOR stock has been. Looking back another year on top of the last 2 months, even with the 1 for 1500 reverse split effectuated back in mid-March, SFOR shares have consistently done one thing very well – DECLINE! Even though today’s volume is record setting for SFOR, having a “bullish outlook” that closing, or even trading later in the week, above 0.10 is just a hard pill to swallow given the way convertible notes payable have consistently been an unavoidable feat to propel past.
Although we strongly believe that the WebEx Presentation that is due to be uploaded and viewable on the Company’s website tomorrow will shed any better light on what is sure to be a non-discussed issue, dilution, the rise in both volume and price for SFOR shares today is sure to be a trap not worth getting caught in. It would be amazing to find out that these “new planned deals that potentially could be strong revenue producers during 2014 and beyond” are from being involved with one of the top 3 software producers in the world, taking the chance that they are some corner shop outlets on the side streets of some poorly populated cities is just not worth holding on to SFOR dreams.
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About SFOR Stock
StrikeForce Technologies, Inc. is a development stage software development and services company that has developed a suite of products based upon the licenses and its strategy is to develop and exploit the products for customers in the areas of financial services, e-commerce, corporate, government, health care and consumer sectors.
Click here to view the SEC filings for SFOR.
Click here to view the website for Strikeforce Technologies.
Authorized: 1,500,000,000
Issued and Outstanding: 7,806,578
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Change | Volume |
| 05/27/14 | 0.0513 | 0.0950 | 0.0495 | 0.0950 | +0.0460 | +93.88% | 1,116,252 |
| 05/23/14 | 0.0590 | 0.0590 | 0.0490 | 0.0490 | -0.0100 | -16.95% | 297,300 |
| 05/22/14 | 0.0700 | 0.0790 | 0.0590 | 0.0590 | -0.0110 | -15.71% | 275,400 |
| 05/21/14 | 0.0720 | 0.1100 | 0.0682 | 0.0700 | -0.0100 | -12.50% | 299,000 |
| 05/20/14 | 0.0850 | 0.0900 | 0.0680 | 0.0800 | -0.0100 | -11.11% | 62,300 |
Bottom Line:
Any penny stock with under 10,000,000 shares issued and outstanding would certainly be a better performer than SFOR has been today. Although it’s hard to give a standing ovation to a near triple-digit percentage gainer this late in May, pessimism overrules optimism in this case due to the historic records than simply couldn’t have been hacked into to make the performance of SFOR stock look so terrible.
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