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Blockbuster still a penny stock, but for how much longer?

posted October 4, 2009 - 1:57pm
Blockbuster still a penny stock, but for how much longer?

On Friday, October 02, 2009, Blockbuster Inc. said it had closed a $675 million debt offering due in 2014. On the news, BBI only rose 4% to close at $1.07. From a fundamental perspective, Blockbuster looks ready to make a turnaround. Technicals are screaming the stock will surge higher in the coming weeks and months, perhaps as much as a 200% gain. A 3 year falling wedge pattern points to a surge higher with a target price of $2.80.

Article:

http://www.examiner.com/examiner/x-14436-Stock-Mar...

Author: duff1875
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