SAKL looking even better than before
Published: Tue, 06/14/16
 Morning all, You are watching SAKL right? Well stop watching and take action, now. The SAKL chart and trade set up is the most bullish I've seen in a while, and I really believe this is going to make one heck of short AND longer term trade. Just read my thorough analysis below which will tell you all you need to know. The long term trend in SAKL continues to be higher, and this minor pullback over the past couple days is well supported and the opportunity here should definitely be taken advantage of. So let's go (or don't say I didn't tell you!) Shiznit ------------------------------------------------------------------------------------------- Hello fellow investors / traders, It's time. The market may be struggling to reach new highs, but our new play, SAKL, has all the makings for a major technical breakout on the horizon. SAKL has a picture perfect uptrending chart. As good as, or better, than any other you will find out there. And the company's fundamentals are a revelation indeed. Let's focus on the technical's first. SAKL has been slowly trending higher for the past several months - well supported by its 50 day moving average. In fact, every time SAKL has pulled back, it has bounced off its 50 day moving average as buyers are relishing the dip buying opportunity. The pullback over the past two days is a great opportunity to enter the trade. In fact, much of yesterday's dip was snapped up quickly by eager traders. And the steady price movement higher has been well supported by the huge volume coming in over the last few months. The last few days there has been around $200k in daily volume.  With a slow grinding chart like this, short sellers are getting sucked in trying to bet against SAKL, yet it continues to move higher. Shorts have been wrong, and when the breakout comes, short sellers will be scrambling to cover their losses - which will only accelerate the momentum higher. SAKL has been making a splash on the fundamental side too. Recently the company reported strong quarterly revenue growth, with a 43% increase in revenues over the same period in 2015. In the same press release, SAKL also announced they had total assets of $8.1 million, and they retired $1.7 million of Series C Preferred shares. And just last week SAKL announced system wide sales of almost $2 million for the month of May. SAKL's revenue growth is quite staggering... Just a few months ago they reported ticket sales of $3.07 million across all corporate and franchised events in North America from 1 Jan to 7 March, a two month period. In April they announced system wide sales of $1.79 million, and in May they recorded $1.945 million system wide sales. Richard Surber, CEO of SAKL, said at the time, “We will have over 56 event markets open for ticket sales in the month of March which is more than double from the prior month. Our flagship event, Slide the City, will begin opening up a significant number of markets for sale coming into April. Our expectation is that sales will continue to ramp up into the summer months. We remain on track to host in excess of 256 events system-wide in 2016 and expect to generate more than $18 million in revenues.” SAKL's flagship attraction, Slide in the City, is a 1,000 foot water slide that runs through a downtown area of a city. Slide the City chooses streets that correspond with acceptable grade requirements of the slide. SAKL also owns Color Me Rad™, a wildly-popular 5K color run loosely based on the Hindu Festival of Colors where participants complete a 5K course, running a fun gauntlet of color stations to finish in a polychromatic party with both music and food. Another major attraction is The Dirty Dash™, a mud run obstacle course where participants get to cater to their inner five year-old while helping contribute to an honorable charity without brutalizing their body. The Lantern Fest is another event hosted by SAKL that is quickly gaining popularity. A recent event in Colorado Springs was described by CBS as "Lantern Fest Puts Glow into Night Sky." Now is the time... Slide the City was a massive hit across the USA, Canada and abroad last year, it was huge in China and Malaysia attracting crowds of over 10,000 people. Now that we are coming into the summer months Slide the City will be coming to major cities across the US and Asia and the media is going to be all over it. You can learn more about SAKL at their website http://sacklunchproductions.com/ You can read all recent press releases at https://finance.yahoo.com/q?s=SAKL&ql=1 We think this small pullback in SAKL, in the midst of a strong upwards trending chart, could be a great opportunity to get in before the breakout through $0.15. Momentum is on SAKL's side, and is well supported by its 50 day moving average. Daily volume is massive, liquidity is strong, and we think this could be a excellent short AND long term trade. Disclaimer Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. For full disclaimer click here. ShiznitStocks.com employees are not registered as an Investment Adviser in any jurisdiction whatsoever. The disclaimer is to be read and fully understood before using our site, or joining our email list. 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