Good morning traders, Today's NASDAQ profile is the subject of a recent reverse stock split (8-K filing: http://biz.yahoo.com/e/160104/ophc8-k.html) and then what appears to be a typical low volume walk down by shorts. Which makes this play an exact match for the scenario that brought our group a one day 100% winner on December 29th, 2015. OptimiumBank Holdings Inc. (NASDAQ: OPHC) Highlights
- Public Float 697k shares
- Recent run to over $8/share on low volume
- Possible Short Squeeze
- Held by Institutions/Insiders approx. 28%
- Total cash (MRQ) 8.28M
- Cash per share (MRQ) 8.63
- Revenue 4.2M
- Market Cap only 3.74M!
- Positive revenue (see below)
Excerpt from November 13th, 2015 Third quarter results press release-http://finance.yahoo.com/news/optimumbank-holdings-inc-announces-third-145435518.html OptimumBank (Bank), the sole subsidiary of the Company, earned approximately $155,000 for the third quarter of 2015. This continues an unbroken chain of positive quarterly earnings starting with the first quarter of 2014. We will be back with updates on OptimumBank Holdings (NASDAQ: OPHC) The Team |
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