SMVI could be on the cusp of a big breakout to the upside. Why? For one the stock has fallen from its 2011 high of $.0024 on only modest volume. I think it will take the same modest volume to get this stock back up to where it belongs. The stock resides in the now very hot social media sector. Those not willing to spend $75 for LinkedIn, or lucky enough to own Facebook before it trades publicly, are looking for the next hot social media stock. While obviosuly SMVI is no where near the big social media names, the association can be made and that in itself could bring buyers into SMVI.... and from the looks of the chart these buyers could already be making themselves felt.
For the last few weeks the accumulation for SMVI has been consistently rising. We saw this with RPPR a few weeks ago at $.0005-$.0007 and the stock has gone on to hit $.0025 from a more than 300% move. If we get a similar type move short term, that would put SMVI at $.0006-$.0007 a share and within shot of the $.0012 200 DMA. With the attractive share structure, if SMVI does indeed start to move higher, there is a chance we could see and surpass the 2011 high of $.0024.
The company is launching one of its sites on June 17th, which could be another impetus for the stock going forward.
The best part about these triple zero stocks is that there is no telling just how high they can go. We've seen $.0001 stocks go to $.005 in the span of days. That is the allure of this market, the chance to catch that stock before everyone else and ride it for a big move higher. SMVI could be that stock. If you haven't already done so, I think SMVI should be added to your watchlist going forward.
The most recent news for SMVI is below:
JERICHO, N.Y., May 25, 2011 /PRNewswire via COMTEX/ -- Social Media Ventures, Inc. (Pink Sheets: SMVI) is pleased to announce that it has entered into a marketing agreement with Bon Mange, Inc. to promote the Sorbay Pet Oral Care Mist product on its popular pet social networking site, PetsPlaces.com.
As a way to help promote Bon Mange's Sorbay Pet Oral Care Mist and attract new members to PetsPlaces.com, the companies have announced that they will be giving away a year's supply of Sorbay Pet Oral Care Mist to six lucky, random members of PetsPlaces.com. Each month, for the next six months, PetsPlaces will announce a new winner. Interested consumers can enter by visiting www.PetsPlaces.com and registering as a member (registration is free). PetsPlaces.com will also begin to offer this product for purchase through its new daily deal site, www.PetInThe.Net.
To spread the word about its site, PetsPlaces.com plans on doing several more giveaways throughout the year that include a range of pet products - all with the goal of getting more and more consumers involved.
"We are proud to partner with Bon Mange as part of our inaugural pet product promotional program. Sorbay Pet Oral Care Mist will set a high standard of value, safety and affordability for products to be chosen for future promotions," stated Robert W. Thayer, CEO of SMVI.
R. Scott Chaykin, President of Bon Mange, stated, "We are pleased to become part of the PetsPlaces community and to bring our product to a network of people who care about their pets."
Sorbay Pet Oral Care Mist removes tartar from dogs and cats teeth and eliminates bad breath. The patented technology cleans the mouth by eliminating food residues. This helps make the pet's mouth less hospitable for the buildup of the bacteria responsible for bad breath, gingivitis, and tartar buildup. The technology was originally aimed at the same problems in humans (SorbayMTC Lozenges) and later adapted for pet use (Sorbay Pet Oral Care Mist) http://www.bonmange.com/sorbaypoc.html.
About Social Media Ventures, Inc.
Social Media Ventures (SMVI) is an online media venture company, creating and acquiring niche social networking websites as well as revenue generating web sites. SMVI will integrate an online advertising program that focuses on attracting advertisers to its core demographics for each social networking site. Currently SMVI operates two social networking sites including www.petsplaces.com.
About Bon Mange, Inc.:
The founders of BonMange, Inc. have been in the technology business since the late 1980s. Time and care have been expended to develop safe and effective products in response to expressed consumer needs. The Company is committed to a "path for success" based on individual consumers finding its products both meet their needs and are reasonably priced. Some exciting new products are already taking shape in Bon Mange, Inc's. creative R&D pipeline.
Forward-looking statements:
This press release contains certain forward-looking statements, which are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Statements of future goals or expectations, containing words such as "expect," "believe," "should," "anticipate," "intend," "plan," "may," "will" Or similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks, uncertainties and assumptions that are difficult to predict and that could cause actual results to differ materially from those currently anticipated. Factors that could cause or contribute to such differences include, but are not limited to, the successful completion of acquisitions and the integration of such businesses with those of the Company, competition, technological changes, the ability to obtain financing and other factors. The Company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.
Contact:Social Media Ventures, Inc.www.socialmv.com Email: ir@socialmv.comTele: (516) 204-4843
SOURCE Social Media Ventures, Inc.
Posts
1 comment:
Could you take a look at NVLX? They recently are in the process of FDA testing of their pancreatic cancer treatment and the PHASE II results were extraordinary. Could be a a great play when the next phase trials are completed
Post a Comment