{"id":2052,"date":"2013-07-25T11:11:18","date_gmt":"2013-07-25T11:11:18","guid":{"rendered":"\/?p=2052"},"modified":"2013-07-25T11:17:11","modified_gmt":"2013-07-25T11:17:11","slug":"liberator-medical-holdings-inc-otcbblbmh-applies-brakes-on-slide","status":"publish","type":"post","link":"\/articles\/liberator-medical-holdings-inc-otcbblbmh-applies-brakes-on-slide\/","title":{"rendered":"Liberator Medical Holdings, Inc. (OTCBB:LBMH) Applies Brakes on Slide"},"content":{"rendered":"

\"57LBMH_chart.png\"After slipping in double digits for two consecutive days, Wednesday’s session saw Liberator Medical Holdings, Inc. (OTCBB:LBMH<\/a>) slow its descent down the chart and close just 4% in the red, on share volume that was much tamer. <\/p>\n

The two previous sessions that sliced about a quarter from the stock’s price could have been a panic reaction from shareholders who were getting anxious about the price reaching such heights, deciding not to take any further risks and cashing out with attractive gains.<\/p>\n

LBMH<\/a> had an amazing run, and what is more, one that happened without any stock pumps. In fact LBMH<\/a> had never been targeted by stock promoters, which is always a positive for an OTC company. The stock’s initial surge from mid-June was fueled by a press announcement informing shareholders of a $0.03 cash dividend as well as a 1 million common share buyback. The first spike happened on heavy volume, then the stock climbed steadily on quieter days.<\/p>\n

Even without hyped up press releases, LBMH<\/a> managed another amazing run in the second week of July, with volume picking up again and the price gaining 35% in a few short days. With the stock testing $1.90 per share, 100% up from its values just a month earlier, traders may have decided to scoop their cards and rake in the cash, which could have been the reason for the two million-dollar volume days that pressed LBMH<\/a> down.<\/p>\n

Yesterday share volume returned to steadier numbers and the price action slowed down as well, even if the stock closed down. From this point on, LBMH<\/a> will have to prove its mettle and try to stabilize at comparable levels. The company has a significant cash reserve and logs seven-digit net profits, as well as a dedicated shareholder base, so its chances of success are not too bad.<\/p>\n

\"6XXII_chart.png\"Other stocks that generated significant dollar volume in yesterday’s session include 22nd Century Group, Inc. (OTCMKTS:XXII<\/a>) who closed 6% up, gaining $0.27 in just three sessions. Xumanii, Inc. (OTCMKTS:XUII<\/a>), who have just recently been stamped with a Buyer Beware skull and crossbones on OTCMarkets, partially recovered from a huge 44% crash and closed the last session 25% up.<\/p>\n","protected":false},"excerpt":{"rendered":"

After slipping in double digits for two consecutive days, Wednesday’s session saw Liberator Medical Holdings, Inc. (OTCBB:LBMH) slow its descent down the chart and close just 4% in the red, on share volume that...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[782,658,757],"class_list":["post-2052","post","type-post","status-publish","format-standard","hentry","category-news","tag-lbmh","tag-xuii","tag-xxii"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=2052"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2052\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=2052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=2052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=2052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}