The penny stock of Baoshinn Corporation (BHNN) became the hottest new ticker to get ignited on the OTC right around 11AM EST today. Alerts came flying out from Penny Stock Wizard and Stock Digest calling BHNN stock their newest release which sent traders into an absolute coma. Only 180,000 shares had traded prior to the announcement, but with news from Friday highlighting how their wholly owned subsidiary, Syndicore Asia Limited, through its partnership with SendtoNews Video Inc., will have exclusive Asia Pacific access to the highlights for the upcoming start of the LPGA Asia and first NASCAR season events, the races are on and and the greens are only going to get bigger after the dip.
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BHNN Stock Quote
Market Cap: 17.54M
Last: 0.80 ▼ -0.06 (-6.98%)
Dollar Volume: $170,436
Issued and Outstanding: 21,390,000
14-Day Rel Strength: 73.25%
1st Resistance Point: 0.8917
1st Support Level: 0.7667
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Traders had been secretly loading the boat on BHNN stock all month in anticipation of the alerts due to come out. The low float stock has some significant appeal to it, almost as much as the story line behind their daddy corp., Syndicore Asia Limited.
Like with most of these big money promoted tickers that the large groups send out on, the glitz and glammer are the sizzle which is ultimately going to drive in the newbie money before the eventual suspension. Syndicore has a real good one with “Partners with major news aggregators, an advertising network and individual news organizations to efficiently deliver sports video to Asian online media. Our partnership with major rights holders to professional North American sports leagues, gives our organization direct access to worldwide sports content distributed to Syndicore’s Asian news outlets.”
Anyone who is anyone knows North American sports are huge in Asia and overlooking the $0 revenues since inception and $231 in cash of the $75,231 worth of assets will likely be overlooked. What they will more likely pay attention to is the report from Advent Financial who initiated research coverage on BHNN stock last week and gave them a $2.60 price target.
Hey, dumb money almost always follows the smart money and, just from looking at the chart above, one can tell when the smart money was going in.
About BHNN Stock
Baoshinn Corporation, a wholly-owned subsidiary of Syndicore Asia Limited, an online media company that syndicates professional sports video highlights to major EMEA, North and South American news organizations from China.
Click here to view the SEC filings for BHNN.
Click here to view the website for Syndicore Asia Ltd.
Last 5 Trading Sessions:
The chances of seeing better volume than what’s trading right is virtually a given if you’ve ever seen how this groups other penny stock picks have traded. It’s no secret they have a big target on their back, especially since SMA never issued any alerts, but BHNN stock still has some potential to make it half way to the Advent target.
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