Thursday, September 23, 2010

BFHJ - On The Verge Of A Breakout As Casino Enters Final Stages







BFHJ finally broke through the resistance at $.001 and closed at the high of the day $.0012. I think this rally will continue because the company appears to be close to having their casino up and running.


There is little doubt that the online casino will be an excellent revenue producer for the company. The casino preview looks nothing short of amazing and I think investors and gamblers alike will react positively when the final product is released.





The chart is shaping up and I expect the next point of resistance to be at $.0015. I think with the official release of the casino this stock could put in a nice rally with an initial target got $.003 before heading to possibly .0065 and $.01. What makes me very bullish on the stock is the modest share structure. The company has done an excellent job of updating the investment community when it changes and right now the float is only 417,447,846.



I think BFHJ is heading higher from here and will make an excellent trade going forward.

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