Thursday, August 19, 2010

XYNH - Is History Repeating Itself?

With penny stocks history tends to repeat itself.  Why?  Because traders know what each stock is capable of.  Has it run before?  Than it has a good chance of running again.  Has it reverse split a few times before?  Than there is a good chance it will reverse split again.  If you follow the market long enough and study these stocks closely you can find consistencies, trends, and other helpful signs that can help you turn a profit, which is precisely why I think XYNH will provide a significant profit down the road.

A little over a year ago this stock ran from today's prices, $.0011, to $.035+, posting a 3,000% gain for shareholders.  Anyone that can read a chart knows this stock has the capability to mount a fantastic rally.  What is going to propel this rally?

The recent press releases indicate XYNH is serious about bringing value back for its shareholders.  They are in the process of becoming more transparent, as well as acquiring the revenue stream they need to support their business plan.



Specifically "Xynergy Holding's has diversified from a simple R&D company for alternative fuels, to a more revenue driven, international commerce minded company, that will increase company assets and build shareholder equity.".

Today's trading action, in my view, indicates investors are starting to take a keen interest in this stock.  Volume was up, and the stock closed at the high of the day.  While I usually like to set targets so you can get an idea of where a stock could head, I'll let me chart above do the talking.  The potential is there for XYNH,  A 3,000%+ gain has happened before, could history repeat itself?

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