SEVA - HCKI - An Example Of History Repeating Itelf

When you follow these penny stocks long enough you can usually figure out if a stock will run just based on its ticker.  Many of you are familiar with these two tickers SEVA/HCKI at some point.  It may have been as GSCR, SWVL, or another pre-reverse split stock ticker.  Yes these two stocks have lost investors a lot of money through dilution and subsequent reverse splits, but history has shown when they run, they run hard and fast.  A 1,200% gain and a 6,900% are about as hard and fast as they come.

We covered SEVA 3 reverse splits ago when the stock was GSCR.  The exact date was June 23rd, 2007:

 GSCR - SEVA three reverse splits ago ran 2,775%


I remember watching that stock catch a tremendous bid.  The buying that followed was a frenzied spree and the stock just kept heading higher.  HCKI did take a pause early in the session before pushing past the $.01 mark.

If any of you were lucky enough to buy $500 worth HCKI at $.0005, today those 1,000,000 shares would be worth $35,000.  How's that for a days work?

SEVA closed at the high of the day and went from $.0001 to $.0012.  SEVA was also a money maker for many traders today.

I expect both of these stocks to gap at the open.  

The bad news is that both of these stocks have done numerous reverse splits through the years.  They do run, but be careful holding either of these stocks too long.  You are bound to give up your gains... and then some.



Hackett's Stores, Inc. Subsidiary Looking to Emerge From Chapter 11 Protection Soon
Retailer Continues to Bring on New Vendors --- Achieves Year Over Year Sales Growth for January
SACKETS HARBOR, N.Y., Jan 28, 2010 (GlobeNewswire via COMTEX) -- Hackett's Stores, Inc. (Pink Sheets:HCKI) is pleased to announce that subsidiary Patrick Hackett Hardware Company continues to stabilize, and recently has seen an increase in vendors and growth in sales and cash flows. Herbert Becker, President of Patrick Hackett Hardware Company, stated, "We have made great progress over the past few months in regard to reestablishing ourselves and remerchandising our stores. During this period vendor confidence in our operations has increased dramatically, and we have seen the return of key vendors as Columbia, Lee Jeans, Woolrich and Adidas, among others. We also expanded our merchandise offerings through the addition vendors such as Hasbro, Panasonic, Samsung, and Point Zero."
Mr. Becker continued, "Of course, there's no cookie-cutter approach to a businesses emerging from Chapter 11, but over the past several months we have cut costs, realigned stores, improved our merchandising and marketing and added new vendors. We have strengthened our buying department and made changes to store-level management." Mr. Becker added, "These efforts seem to be paying off as Hackett's is enjoying the best January it has in three years in terms of sales. With these changes in place, we are now ready to focus on becoming a fiscally strong retail department store in upstate New York, which should hopefully position Patrick Hackett Hardware Company for emergence from Chapter 11."
Herbert Becker, President of Patrick Hackett Hardware Company, can be reached for questions or comments at hbecker@hackettsonline.com.
Patrick Hackett Hardware Company has a wide variety of merchandise and business lines, including a full service paint department, consumer electronics, equipment rental, brand name clothing, footwear, sporting goods and gourmet foods. Hackett's Stores, Inc. is majority owned by Seaway Valley Capital Corporation (Pink Sheets:SEVA).
Safe Harbor Statement
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Hackett's Stores, Inc.

By Staff

CONTACT:          CONTACT:  Hackett's Stores, Inc.
                  Herbert Becker
                  315-393-6101
                  hbecker@hackettsonline.com