LSMJ ran yesterday morning and ran hard. 350 million shares brought the stock up 100% - another 78 million shares brought the stock up 150% and who knows what will be the next price hit.
It had trades pre-market and by market open $.0002 was gone. A little while later $.0003 was gone and before 10:15 the stock was trading at $.0007! Many have compared this stock to BHUB. Essentially people think there are way too many shares out there.
Do the math: By 10:30 AM a mere hour after the market opened 623 million shares have traded! According to Pink Sheets there are only a little more than 12k outstanding. How does 12k equate to 623 million in trades? Someting has gone awry with this stock. Those looking to capitalize have purchased shares hoping that someone will have to buy back all these possible unauthorized shares.
This stock is a lottery ticket, but the odds are slightly better. You might not win a million, but who knows what is going to happen. If you gought in yesterday than you are already up.
LeaseSmart has been compared to BHUB and look how BHUB has performed. I think a gamble here is worth the risk, but that is just my opinion. Even without a position it is going to be fun watching how this stock pans out.
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