Sometimes when it comes to buying certain penny stocks it’s all about how you feel about the future potential of the company that you are investing in. That is exactly the case when it comes to explaining the reason I bought 13.5 million shares of Nexia Holding Inc. (NXHD)…I feel (or I felt) good about it.
Nexia is extremely undervalued (in my opinion), considering some of the things that are coming through the pipeline. Nexia is a diversified holding company with three different companies (basically). Nexia owns Landis Salons (which is going national very soon), Black Chandelier clothing line, and a real estate business model that is taking advantage of the low price points in the real estate market today.
But after this first level of interest, the thing that makes a company move in a way that creates a lot of gains for it’s shareholders is other people’s opinion. Although I feel that this company has the potentials to increase in share price, other investors have to believe this same fact (or opinion, it doesn’t really matter). It’s all about supply and demand and as investors start to become a little knowledgeable about Nexia they will be interested in investing. This will create increased demand which automatically increases share price.
I bought my 13.5 million shares of NXHD @ $0.0002 (Yes, I know…very cheap, huh?). This company is looking really good now and I will be holding for awhile to see what transpires of this company. I don’t like to create false illusions, but think about what my account would look like once this goes up to $0.01…lol. In case you didn’t calculate that right, let me tell you what it means for me if this company reached $.01…$135,000.
Keep an eye on this one cause I surely will and will be keeping you updated along the way if you are subscribed (Email or RSS) to Mybarnabas.com
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Howd you do with Spongetech?
Comment by Deuce Carter — June 24, 2009 @ 11:31 PM
Hey Deuce…I did pretty well with SpongeTech. I should be giving a little more detailed information of how much I made on my second quarter results post (coming up soon).
Comment by chiko777 — June 25, 2009 @ 4:46 AM
So if my math is right this is $2700 bet?
Comment by Deuce — June 25, 2009 @ 8:05 AM
I’m in for 5.9MM shares of NXHD, no big loss if it drops but huge upside if it rises. Looking to create all free shares, probably sell 1.9MM at 0.0007 or 0.0008 and ride the rest hoping for glory.
Comment by Chris — June 25, 2009 @ 10:05 AM
“extremely undervalued”
It is a common penny scam run by a known frausdster which has done 3 reverse split in 2 years and has a 100 billion Authorized. So Sad….
Comment by wondering... — June 25, 2009 @ 10:26 AM
Wondering,
Have any references for that?
Comment by Deuce Carter — June 25, 2009 @ 10:29 AM
I seem to have put all of my money in the stock
which seems to be really small after a really big loss
hoping in goes up
today it was droping to .0001 to .0002
made me all messed up!
I was seriously going crazy
I mean I never got this paranoid over anything!
Do you have any clue when it is going to go up or down!
Comment by Khuram — June 25, 2009 @ 4:43 PM
@ Deuce: You are right, it’s about a $2,700 investment ( I don’t bet).
@ Chris: I like your style, looks like you have a game plan. I will also be riding on free shares once this baby moves up big time.
@ Wondering: You have to look at the good that’s happening now, not focusing on the negative that happened in the past. Share price movement is about what the company is doing or about to do, not what they have already done.
@ Khuram: Soon we will all find out, but I don’t think it will be heading down, I think it has upside potential.
Comment by chiko777 — June 25, 2009 @ 5:51 PM
@ Wondering: In case you where wondering, there is NO present plan to reverse stock slip this company http://finance.yahoo.com/news/Nexias-CEO-Addresses-1-iw-2597752550.html?x=0&.v=1
Comment by chiko777 — June 25, 2009 @ 6:02 PM
Hey, have you seen this news article?
New details about Michael Jackson’s Death Emerge
I was wondering if you were going to blog about this…
Comment by Michael — June 26, 2009 @ 3:38 AM
What’s up man please welcome me to the million plus shares of our company nxhd. 12.5 million, see you at the top
Comment by James Vanterpool — June 29, 2009 @ 1:09 PM
Welcome James, let’s ride this bad boy out. I am thinking this could hit the penny land and move from there.
Comment by Chiko777 — June 29, 2009 @ 3:06 PM
Id really not like to get left behind on this one. Im goin in.
Comment by Deuce Carter — June 29, 2009 @ 3:07 PM
dude did you see how the RBSY went up i hope this does the same but with a ten times bigger bang and higher price
it will make me a millionaire litterally
awesome pick man!
when researching on this company
i really seemed to like the way the do work!
Comment by Khuram — June 29, 2009 @ 3:19 PM
Welcome to NXHD Khuram! So how many shares did you get a chance to grab?
Comment by chiko777 — June 30, 2009 @ 12:25 AM
Buddy, i grabbed 5 million shares, all of my money is in and i really seem to like this company!
Comment by khuram — June 30, 2009 @ 7:59 AM
Hey there,
I was wondering what your thought process behind NXHD is. What’s so great about it that you like besides how its diversified in clothing, salon, and RE. I tried looking into the financial statements and the numbers aren’t looking pretty and it only goes up to Sept 2008. So from a financial health standpoint, it seems weak. I was just curious if you looked into the financial statements or is this pick based solely on the potential of the business model.
Also, on their site they said they are under OTCBB but Yahoo finance have them under pinksheets. Which one are they really under? In addition, this is just my opinion but I am really not that experience in the field of business. I thought that by diversifying too much it’s rather harmful to a business?
Lastly, what do you think is the catalyst that will propagate the price to a new level?
Thanks for sharing your thoughts!
Comment by Jay — June 30, 2009 @ 4:22 PM
Hey Jay: You have some great questions and a very good thought process on this one. I agree that the finances don’t look too pretty, but they should be announcing very soon about their updated finances (Hopefully sometime this week).
Yes, my decision to invest in this company is mostly based on it’s potential and business model. I think the thing that will get this moving is when the company comes out with a news that clarifies where the company stands financially or if they strike a big deal in any of their divisions.
Comment by chiko777 — June 30, 2009 @ 11:30 PM
Any news about when we are going to get the news about the company!
Comment by Khuram — July 4, 2009 @ 11:08 AM
No news yet about that, but some of the other news about their celebrity search is kind of interesting. This is starting to develop very well, it’s drawing some attention.
Comment by chiko777 — July 4, 2009 @ 12:06 PM
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Pingback by Hustle All Day » Is there money in penny stocks? — July 8, 2009 @ 5:41 PM
[...] a shareholder (I currently own 13.5 million shares and looking to accumulate more….I know, I’m crazy right?) of Nexia Holding Inc, I am [...]
Pingback by MyBarnabas : Nexia Holdings, Inc.’s CEO To Appear MoneyTV — July 8, 2009 @ 8:25 PM
I’m in with 1M shares. It’s gone back n forth from .0001 to .0002 for days now, so anyone can get in at the bottom like I did.
Comment by dude — July 30, 2009 @ 12:15 PM
I think they should give the man a chance at Nexia holdings it takes time for a company to come along . Wait and watch and I tell you your blessings are around the corner,
Comment by Caring one — August 11, 2009 @ 4:32 PM
[...] I bought 7 more million shares of NXHD: I know I am crazy, but crazy people make money! I bought more shares of Nexia Holding for [...]
Pingback by MyBarnabas : How I Lost $5,000+ In The Stock Market — August 22, 2009 @ 11:50 AM