Looking for a chance to see triple digit gains at the opening bell? Look no further than Thursday’s penny stock orgy alert on M Line Holdings, Inc. (OTC: MLHC), a tool focused Company which is due to break its 52wk high at the open. Having seen no action since last Friday (perhaps still hungover from St. Patrick’s Day), MLHC stock is due to shatter its volume records today, likely to the level where the total number of shares traded today will match the total number of dollars in revenue the Company recorded for the last 6 months of 2012. Get in early and look for the pivot point cause when this one gaps, it’s not gonna be the kind of gap you can feel comfortable sticking something you own into without risk of some kind of fall-back.
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MLHC Stock Quote
Market Cap: 1.23M
Last (Friday, Mar 15): 0.0204 ▼ -0.0031 (-13.19%)
Issued and Outstanding: 60,196,145
1st Resistance Point: 0.0261
2nd Resistance Point: 0.0318
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There really isn’t much that’s special about M Line Holdings. The Company books some decent revenues, roughly$10 million a year on average dating back to fiscal 2011. They were on pace to match those numbers as of December 31, 2012 with $4,421,473 booked for the first 6 fiscal months.
The Company’s assets roughly match up with the liabilities; $4,199,920 versus $4,558,242, respectively. However, the shear number of groups involved with alerts on MLHC stock today are so immense that a gap open equal to or greater than the 52 week high, $0.06, is virtually unavoidable.
Hold on to those lucky charms if yu plan on trading MLHC stock at the open. Better yet, call in your orders if you have direct contact to your broker to eliminate falling into line. However, holding on to MLHC overnight could spoil all of the fun experienced during the first hour of today’s session. Timber!
About MLHC Stock
M Line Holdings, Inc., through its subsidiaries, operates in two segments: acquiring, refurbishing and selling new and used CNC machine-tool equipment through its Machine Sales Group; and manufacturing precision metal component parts for the defense, automotive, aerospace and medical industries through its Eran Engineering, Inc. subsidiary.
Click here to view the SEC filings for MLHC.
Click here to view the website for M Line Holdings.
Last 5 Trading Sessions:
Bottom Line: Have your trading spatulas in hand and ready to flip on the open. For those who are lucky enough to get greased up enough to get in on MLHC early have a good shot at flipping into the momentum to see a triple digit gain. Pre-market issued penny stock alerts typically are the cause massive gap up opens. With MLHC stock alerts circulating within hours of yesterday’s close, it would not be surprising to see this test its 2011 high of $0.21.
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