Good morning mi amors!
Happy Wednesday, we’re halfway there…only a few days away from the weekend. Doesn’t it make you just want to get away, maybe go somewhere? If you’re looking to Island hop by private charter today’s play is one you might not want to miss out on, because AAVG (AvStar Aviation Group) has wings to fly you to many local destinations near and in Florida.http://www.avstarinc.com/
Air charters are seeing an increasing demand this year according to AIN, a researcher in the aviation industry. http://www.ainonline.com/airshow-convention-news/ebace-convention-news-2011/single-publication-story/article/air-charter-demand-rises-but-prices-still-fluctuate-29963/
“As the northern hemisphere’s busy summer season nears, the start of June saw projected charter demand rise by more than 30 points, according to the forward-looking demand index generated by online charter portal Avinode. Avinode’s June demand index is 150.89, up from the May 1 index of 120.64 and almost 30 points higher than a year ago. But the anticipated increase in demand for flights was not reflected in Avinode’s price index for June 1. Projected pricing globally (99.03), in the U.S. (101.47) and in Europe (96.75) actually dipped slightly month-over-month. However, all three of these indices showed an approximate five-point increase over where they had stood this time last year.”
This roachy pick appears to have some serious bottom bouncing potential, and a very attractive share structure! Check out this oversold chart, the MACD is pinching pretty hard, and the RSI is starting to climb as traders and investors alike are accumulating shares at these rock bottom prices. http://stockcharts.com/h-sc/ui?s=aavg
The share structure is as follows, and the T/A is ungagged which is usually a good sign when it comes to these stinky pinkies, since it makes it easier for everyone to get an accurate market cap, and to make sure that the company isn’t diluting shares hand over fist.
Outstanding shares: 208,270,834
Authorized shares: 500,000,000
This information is readily available through their Transfer Agent:
Olde Monmouth Stock Transfer 732-872-2727
According to their last 10-Q AAVG’s operations for the five month period ending May 2011 exceeded $1,000,000.00, making that a very nice 40% increase over the same period in 2010.
AAVG is also currently looking to sell their oil subsiadiary Avstar fuels, to acquire more planes so that they can branch out to more destinations in the Bahamas.
All this info can be found at otcmarkets.com: http://www.otcmarkets.com/stock/AAVG/company-info
Support comes in at .0012, and resistance comes in at .0017, which is also the 50 SMA for AAVG. This little hidden gem is known to pop very easily because of it’s rumored low float, so I would definitely throw AAVG up onto the old watchlist.
Senorita “Fly me to the moon” Roachita
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