Friday, April 16, 2010
SSWC - A Merger on The Horizon?
IVOI has been spinning off its subsidiaries in the form of stock dividends. These stocks include BGNN (IVOT),TPHM, and SWCC. BGNN, within the last year, merged and became B Green Innovations. TPHM, just a few months ago merged with Global Medical Equipment. SWCC, on the other hand, has sat quietly and bidless awaiting it's turn at a merger. The TPHM merger sent the stock up over 2000% and BGNN's merger has seen the stock gain well over 1,000%. When SWCC gets its turn at a merger the stock should see significant gains.
Notice how all of these stocks have traded at $.0001-$.0002 a share, TPHM and BGNN rose 2,000% from those levels post merger running to $.0045 and $.0055 respectively. History is telling us that merger news will send SSWC to at least those prices, if not more.
SSWC consolidated today after a big burst higher on Thursday with close to a billion shares traded. The outstanding shares for SSWC is 1,159,096,193, now consider the last two days the stock traded 860 million and 360 million shares. That is 1.2 billion shares, more than the entire outstanding share count. I don't want to get into the implications of this anomaly, long time readers already know what I am getting at. Continued buying volume, coupled with the historic trends of past mergers, will send this stock over $.001 short term. After that level is broken I suspect $.002 could come in a rapid manner.
History is telling us SSWC will experience a sharp rally when a merger is announced. It happened with its brother BGNN and sister TPHM. Now its SSWC's turn.