Friday, August 27, 2010
BFHJ - A Stock Waiting To Be Discovered
BFHJ, Beneficial Holdings, Inc., is a stock I have been watching for quite some time. When you watch and study stocks, you get a feel for how they will trade and the potential they hold. I've always felt strongly about BFHJ's potential. Around this time last year I called for BFHJ to rise and it listened to me, posting a 400% gain. I think BFHJ could so that and more this time around.
One reason why this stock is heading higher is the share structure. There are only 353 million shares in the float, of which the majority are in investors hands and out of circulation. We've seen it with many stocks this year. Once the float gets accumulated the stock moves higher on lighter volume. This is already happening with this stock. Investors are starting to grasp onto this stock and effectively taking shares out of circulation. When demand comes this stock could see a substantial move higher.
Another reason I like BFHJ is because the company is adding value to it's shares trhough acquisitions. They already have three properties and casino's that can generate substantial revenue for it's shareholders and are ready to lauch an online casino. This will be a huge boon for the company and it's shareholders. The launch should bring significant interest into this stock. The Company is presently negotiating 39 slot parlor locations throughout Nicaragua. This acquisition would generate revenue of $10,250,000 in addition to current revenues.
The value is there, there is no doubting that. What hasn't been there is investor interest. This stock has been neglected, I think that is going to change for good. Volume has started to pick up and this stock could run back to prices it deserves to trade at.
The chart tells me that this stock wants to head back to $.008 and then $.012. These are important price points and could come quickly when the buying pressure mounts. The company recently began updating the web site. One would have to assume there are good things coming for the company, which means the stock shoul
Some of you today may have noticed the erratic trading is shares. The company, per recent press, is ready to address this. This is straight from the company "The Company previously issued a 6 for 1 share dividend to create liquidity. While the stock is more liquid, the price has actually fallen and the stock continues to suffer from what appears to be day trading and short trading. According to daily reports released by FINRA, on some days, between 60 and 90 percent of the Company's share trading volume is a result of short selling. The Company is looking into methods to curtail this manipulation and to bring more transparency and value to the shareholders." Short sellers can manipulate a penny stock by selling shares and artificially dragging the price of a stock down. One way to combat these short sellers is to buy a stock and take it higher. At some point they will be forced to cover and will add to the buying pressure.
I think BFHJ offers a great investment opportunity. The stock at $.0015, is trading near recent lows, and could see a 400% or better gain from here. The share structure is very attractive and the company is adamant about not raising the authorized share count. This is good news going forward. I called BFHJ for a 400% gain almost a year ago. I am calling for that and then some. A run to $.012 would amount to an 700%+ from today's close. Don't say the Guru
I suggest you add BFHJ to your watchlist. This stock is ready to move higher in a big way.
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2 comments:
thanks.. another pos to add to the list of stinkers i've bought on your recommendation... CTYX (lost $500) UWRL (lost $500) and now BFHJ (losing $500).. please remove the GURU from you name... you ain't one... if you were you would have posted about DMGM before and not after it's run!
The whole guru team needs to come together a run up bfhj and have gurus back tommorrow if not more and more people wil post negative comment. You people need to load this stock and help guru out. Were expecting .01 and you guys aren't buying like wildfire? Doesn't make sense. Load up and let's make money like dmgm
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