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Back on August 24th of this year, I did a blog on Expo Holdings, Inc. (EXPH). The blog was entitled, “EXPH: Something or Nothing? I ended my blog with the words:
“Bottom line: This penney stock may have a run in it. Be careful if it gaps up at open. This is not a good penny stock to chase.”
I based my evaluation on the chart and the buzz. Well, the chart is back and so is the buzz. I think that EXPH might have another run in it. Oh, by the way, the penny stock did EXACTLY what I thought it would do. It went from $.0145 to .0350 in just a few days (a 141% profit in a perfect world….even if you clipped the corners of the trade, you could still have booked over 100%). Now I have to say, “past results are no guarantee of future results” just so you know that I am guaranteeing NOTHING. I just think that it is a good time to take another look at EXPH. The ask on EXPH is $0.0105. Penny stock land, indeed!
Here is a link to that previous blog. EXPH: Something or Nothing
As I reported previously, EXPH’s focus is to become a holding company, to acquire and develop companies that sell products in the retail sector. One division, D & D Displays, is a manufacturer of display fixtures for retailers like Lowe’s and custom cabinetry for retail sales. The second (from the EXPH website) is 1st Choice Closets. I am not sure how this company fits in with their latest press release about a new website (easytoinstall.com) and a new line of products that will be unveiled next month. This is a non-reporting company, so you will have to get by with their corporate updates (which are always rosy).
Here is the latest chart:
Bottom line 2: This stock may have another run in it. With the volume that this has daily it is an easy-in, easy-out penny stock that I like. EXPH is still a perfect penny stock…lousy financials, some decent PR and lots of buzz. Set your stop losses if you trade it….their is not much supp0rt for the stock at this level, but I don’t see it falling much further.
Good luck and good trading
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