CoreStream Energy, Inc. (PINK:ZLUS) price rally is approaching the last line of resistances before breaking out to blue skies, and corrections should be expected to kick in soon.
The beginning of the extended price rally relates to the sale of Zelous Interactive, Inc., which encompasses the sales of websites TheAdultSpot.com and TheGreekTrader.com as well. More details were promised to be published this week thus making investors anxious and feeding price action uncertainties.
The acquisition price for Zelous wasn’t named. The two websites mentioned as part of the deal aren’t very popular, even though GreekTrader supposedly lists around half a million items for sale.[BANNER]
Trading volume is slowly fading, but remains way above the average, thus it’s too soon to say the momentum is weakening. A few more substantial corrections should be expected though. Stock price had risen to these levels in the past two years, but never went above $0.0075 and all the tops were followed by sudden collapses.
According to the last available report for the fiscal year ended December 30, 2009, CoreStream isn’t really worth the current $5.5 million market cap:
