CPNE Reacting Like Deja Vu
Commerce Planet, Inc. (OTCBB: CPNE) has again began to trade like the company we began coverage on over 1 1/2 years ago. CPNE stock price rose over 7% on July 3rd on above average volume of just under 400,000 shares (and that was a half day). And today in early morning trading is up another 5% with 295,200 shares trading.
A Picture Is A Thousand Words
The CPNE chart to the right should pretty much sum up the point we are trying to get across.
This is the CPNE daily chart snap shot at 11:00 am EST on July 5, 2007. The stock has formed a double bottom and began a nice rally off these low levels.
For our first price target projection, looks for the share price to gravitate towards the Trend Channel's "mid band" / Previous High price of $1.47 - 1.55
http://www.commerceplanet.com/
A Smaller View
The CPNE chart to the left is an hourly stock chart.
Notice what happened when CPNE released their news Tuesday morning. The chart was prepped for a run, all that was need was the trigger. Looks like www.myflick.com was that trigger.
CPNE went live with www.myflick.com - a next generation social networking/video sharing website intended to replicate and improve upon the great success of industry peers including YouTube and MySpace. The new site, as well as other recently launched CPNE sites INeedAGood Diet.com & VirtualMoneyCenter.com are tapped into some of today's largest media markets verticals, thus creating immediate revenue potential.
With a one-week average traffic rating on Alexa.com of 93,413 - myflick.com should account for a serious increase in revenue - and soon!
Our last Commerce Planet campaign resulted with lofty profits of over 1500% from bottom to top. Now I am not saying that is in the cards this time, but with great financial announcements, its new diversification and a chart set up like we have sitting on a silver platter, we should be in for another wild ride!
http://www.myflick.com/
Finally, an Advertising/Marketing/Lead Generation and Strategic Planning Team (just to name a few) rolled up into one great company!
Lots of irons in the fire means lots of opportunities for us!
Look for a potential 0f $1.47 to 1.85 in CPNE over the next week or so. That's an additional 10 - 40%
A Picture Is A Thousand Words
The CPNE chart to the right should pretty much sum up the point we are trying to get across.This is the CPNE daily chart snap shot at 11:00 am EST on July 5, 2007. The stock has formed a double bottom and began a nice rally off these low levels.
For our first price target projection, looks for the share price to gravitate towards the Trend Channel's "mid band" / Previous High price of $1.47 - 1.55
http://www.commerceplanet.com/
A Smaller View
The CPNE chart to the left is an hourly stock chart.
Notice what happened when CPNE released their news Tuesday morning. The chart was prepped for a run, all that was need was the trigger. Looks like www.myflick.com was that trigger.
CPNE went live with www.myflick.com - a next generation social networking/video sharing website intended to replicate and improve upon the great success of industry peers including YouTube and MySpace. The new site, as well as other recently launched CPNE sites INeedAGood Diet.com & VirtualMoneyCenter.com are tapped into some of today's largest media markets verticals, thus creating immediate revenue potential.
With a one-week average traffic rating on Alexa.com of 93,413 - myflick.com should account for a serious increase in revenue - and soon!
Our last Commerce Planet campaign resulted with lofty profits of over 1500% from bottom to top. Now I am not saying that is in the cards this time, but with great financial announcements, its new diversification and a chart set up like we have sitting on a silver platter, we should be in for another wild ride!
http://www.myflick.com/
Finally, an Advertising/Marketing/Lead Generation and Strategic Planning Team (just to name a few) rolled up into one great company!
Lots of irons in the fire means lots of opportunities for us!
Look for a potential 0f $1.47 to 1.85 in CPNE over the next week or so. That's an additional 10 - 40%
Labels: Commerce Planet, Commerce Planet Inc., CPNE
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