Can we be witnessing the beginning of another huge rally for LYJN shares? I know, today's 320% gain constitutes a huge rally, but consider that last year LYJN rose from even lower levels $.002 and soared to $.175.... today the stock only closed at $.032, a full 500% gain away from last years initial rally.
In this market history can repeat itself rather easily. When traders buy a stock they use past price movements to figure out future price movements. I think that is why we saw the late day buying frenzy. After the bull stampede after the press release, the stock pulled back, but then rallied hard to close almost at the high of the session. This bodes well for shares tomorrow and going forward.
Today's news is below. Having Wal-Mart selling your goods.... I think investors today showed what they think about that.
Lyric Nation Jewelry Collection Debuts at Walmart LOS ANGELES, CA, May 24, 2011 (MARKETWIRE via COMTEX) -- Lyric Jeans, Inc. (PINKSHEETS: LYJN) today announced that Lyric Culture is launching a jewelry collection under its Lyric Nation brand name. The collection, exclusive to Walmart, hits nearly 1500 stores in July 2011.
The line includes over 40 different styles in the assortment of necklaces, bracelets and key rings featuring inspirational and country music song lyrics such as "Jesus Take the Wheel/Carrie Underwood," "The Dance/Garth Brooks," "God of Wonders/Chris Tomlin," "My Wish/Rascal Flatts," "Heart of Worship/Matt Redman," "Live Like You Were Dying/Tim McGraw," "Mammas Don't Let Your Babies Grow Up To Be Cowboys/Willie Nelson," "Mighty to Save/Hillsongs," "American Honey" made famous by Lady Antebellum and many more. The retail price for the products ranges from to $4-7 USD.
"We are continuing to expand the range of music that drives the creative direction of our brands," said Hanna Rochelle, President of Lyric Culture. "Walmart is the ideal retailer to distribute the Lyric Nation line with inspirational and country music at its core," she continued.
About Lyric Culture Lyric Culture is a music inspired lifestyle brand driven by the song lyrics of legendary artists including The Rolling Stones, The Beatles, Joan Jett, Michael Jackson, Bob Marley, Fleetwood Mac and many others. By securing licensing rights from virtually all the major music publishing companies, this fashion brand creates new revenue streams for songwriters who penned the lyrics into a range of apparel and lifestyle products. Follow Lyric Culture at www.facebook.com/lyricculture and www.twitter.com/lyricculture and http://www.lyricculture.com/
Lyric Nation Jewelry Collection Debuts at Walmart LOS ANGELES, CA, May 24, 2011 (MARKETWIRE via COMTEX) -- Lyric Jeans, Inc. (PINKSHEETS: LYJN) today announced that Lyric Culture is launching a jewelry collection under its Lyric Nation brand name. The collection, exclusive to Walmart, hits nearly 1500 stores in July 2011.
The line includes over 40 different styles in the assortment of necklaces, bracelets and key rings featuring inspirational and country music song lyrics such as "Jesus Take the Wheel/Carrie Underwood," "The Dance/Garth Brooks," "God of Wonders/Chris Tomlin," "My Wish/Rascal Flatts," "Heart of Worship/Matt Redman," "Live Like You Were Dying/Tim McGraw," "Mammas Don't Let Your Babies Grow Up To Be Cowboys/Willie Nelson," "Mighty to Save/Hillsongs," "American Honey" made famous by Lady Antebellum and many more. The retail price for the products ranges from to $4-7 USD.
"We are continuing to expand the range of music that drives the creative direction of our brands," said Hanna Rochelle, President of Lyric Culture. "Walmart is the ideal retailer to distribute the Lyric Nation line with inspirational and country music at its core," she continued.
About Lyric Culture Lyric Culture is a music inspired lifestyle brand driven by the song lyrics of legendary artists including The Rolling Stones, The Beatles, Joan Jett, Michael Jackson, Bob Marley, Fleetwood Mac and many others. By securing licensing rights from virtually all the major music publishing companies, this fashion brand creates new revenue streams for songwriters who penned the lyrics into a range of apparel and lifestyle products. Follow Lyric Culture at www.facebook.com/lyricculture and www.twitter.com/lyricculture and http://www.lyricculture.com/
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Good post from any corner. thanks...
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