Do you know what it did last summer? The slow and steady price dilution on the penny stocks was bound to end eventually after DHS Holding Co. (OTC: DHSM) slid from its $0.50 high in July, 2012. The rally was short lived, just 7 trading sessions, but produced gains of over 1300%. With the news announcement Wednesday that the Company’s LuckyFoxCasino.com may be closer to a launch date, could DHSM stock repeat what it did last summer? According to the volume spike, the highest ever traded since DHS reverse merged with Merchant Advisors, Inc. in July, 2011, many think it can and will.
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DHSM Stock Chart
Market Cap: 1.69M
Last: 0.045 ▲ 0.01 (28.57%)
Dollar Volume: $108,573
Issued and Outstanding: 137,682,595
14-Day Rel Strength: 52.38%
14-Day Stochastic: 93.55%
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News has been flowing all year from DHS Holding Co. and very little has been able to stimulate a strong enough “buzz” to reverse the trend on DHSM stock. Now that an agreement with software vendor FenServices and Net Entertainment to lease and operate the online casino software engine should have LuckyFoxCasino ready to kick off shortly, just the thought of the Company being able to get their hands on the $180 billion generated yearly is worth much more than banking on live persons to walk into their Cenote Falls Shopping Center in Belize.
Revenues and cash are non-existent as per the Nov 16, 2012 Quarterly Report. What is existent is the message board hype-machine driving DHSM stock upwards and reminding penny stock trollers of what past performance. Overlooking a press release is one thing, but seeing the buzz on some message board discussions and how the shares rose over 1300% last summer, its almost impossible to not want to pay close attention to DHSM at the open Thursday in hopes of hitting the jackpot before the weekend.
About DHSM Stock
DHS Holding Co., through their wholly owned subsidiary, DHS Belize, LTD, are set to launch LuckyFoxCasino.com, an online casino which will host a variety of games from poker to blackjack, slot machines and sports betting. DHS Holding Co. is aggressively moving to develop and expand on both domestic and international opportunities that include building a hotel and casino in Belize. Click here to view the most recent financial filings for DHSM on the OTCMarkets.
Last 5 Trading Sessions:
Bottom Line: Simply because DHSM stock went into orbit back in July, 2012 does it deserve a spot on the top 5 penny stocks to watch list for Thursday. If Level 2 is thin enough, it would be easy to see DHSM stock hit triple digit gains before the weekend. With the expected launch of their online casino due to occur soon, the chances of seeing a pullback at the open are slim to none — if you consider yourself a gambler.
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