Swordfish Financial is currently trading at .0004 per share. Additionally, it has a pending merger agreement. The first thing that makes the share price seem limited is that over 125 million shares have traded hands so far today. With that being said, its high share structure makes it hard for shares to be bid up too much, as there are just so many shares out there. It is unclear at this point as to what the merger will do for the share price, but I would be cautious on buying shares of SWRF. Disclosure, I have no position in SWRF. 10/27/14 update - share price is back to .0004 and could go up higher due to enthusiastic traders but this will be short term in my opinion until revenue and profit come in.
No comments:
Post a Comment