NSolar Park Initiatives, Inc. (OTCBB) SOPV SOPV Chart Currently Trading: $0.67 SOPV just received NASDAQ OTC marke
My New Bounce Alert is: SMHS
After my last alert did over 200% everyone's been asking for another big alert. Put SMHS on your watch list and start researching it fast.
SMHS took a hard hit today closing down 45%. A drop this hard and fast can usually be seen with a hard bounce!!
A bounce can happen any time maybe as soon as tomorrow, so make sure you watch SMHS carefully. The drop was on much lighter volume than the previous trading day. This indicates that the selling pressure is very light and could of been triggered by stop losses.
If the stock was shorted, the shorters may have to cover their position by buying it back in the next few days. This may create a short squeeze situation.
SMHS has only been trading a few days. They just went public a few days ago via a reverse merger.
The Company is in the business of selling automotive extended service plans on a nationwide basis directly to consumers through various marketing and distribution channels including television, internet and businesses in the automotive sector.
“This is a very exciting time for our Company as we look to utilize the public markets as stepping stones to accelerate the execution of our business plan,” said Kenneth Oxsalida, President and CEO of Smart Holdings, Inc. “We look forward to sharing corporate developments with our shareholders and the investment community in the coming months.”
This is big business.
Why do we believe Extended Vehicle Service Coverage (EVSC) is important?
- Protects against unforeseen repairs after the manufacturer's warranty expires.
- 95% of EVSC is sold through dealer relationships according to the NADA.
- EVSC in 2008 was 32.1% according to Automotive News.
- Every year there are over 100 million cars on the road that have no repair coverage according to Assurance Group Direct!
SMHS just announced this morning revenues forecasts of $30Mill for 2011.
The plan includes a national direct response television campaign using 1-minute and 2-minute commercials nationwide as well as a web-based lead generation program.
What makes extended warranties attractive is the amount of money people are spending these days on auto repairs. According to yahoo.com, the average American household spends between $700 - $900 each year on auto repairs. And that's just a portion of your over all auto expenses.