Eye on BLOAQ (Blockbuster) upcoming trading week

As a vivid shareholder of BLOAQ (Blockbuster: PINK) my eyes are on the trade deck this upcoming week regarding this stock. A lot of activity has been going on this week around this equity, creditors who are not willing to lend the struggling company any more money, and possible take over bids. In my opinion, it's a true do or die situation Blockbuster is finding themselves in. The stock price surged about 15 cents last week, a sign there is a lot of trading volume and activity going on, lets take a look at the following chart;

If the stock manages to keep its RSI (relative strength index) in neutral territory (in the chart above it would indicate a value in between 70, in the upper line and 30, in the lower) in my technical analysis it's pretty much confirmed, there's no way else for the stock but to go up. 

Even after all the negative news around this company I still believe that they will find a way out of this mess. I really do. (and no, I'm not saying that just because I'm a stock holder of the company)

They're well established, are the ONLY corporate video store in the United States, have a great branding label (pretty much everyone in the US knows Blockbuster video) and its stock is trading 15 cents a share, they're expanding and penetrating the markets of Redbox and Netflix by offering Blockbuster Express kiosks and on demand movies on certain cable boxes, what is not to like? $0.15 a share is a bargain... If they get time to regroup, they can be a very attractive company, either for investors or take over companies. Like I said before in previous posts on this blog, I refuse to believe it's a dead end when it comes to Blockbuster. It's current stock price is in a bargain bin, get it while it's hot!

My personal vendetta against Blockbuster video...

These are the times I really love my blog the most, letting out some steam once in awhile. As a shareholder of the company I may have discovered why Blockbuster is doing so poorly, finding a huge flaw in their system. Blockbuster video who refuses to rent me a video game (yes I like to play a video game once in awhile) over the holidays because my credit card information was outdated and did not want to accept my new Visa debit card information although it's under my name and address. Out of principle I didn't want to give out any other credit card information so my wife and I went somewhere else. Guess who did wanted my money... precisely.. redbox, with the same Visa debit card! So I rented Fable III until the day after new years day, great game by the way, but let's get back to the point.

Why would redbox have no problem accepting my payment and Blockbuster declined the same exact form of payment?

Now by Visa debit card I don't mean a Visa prepaid card that you can buy in the supermarkets etc. I understand that, since there is no name or address attached to it. In other words you can pretty much leave $5 on the card, rent a game and never bring it back, no one would know where to look.
But in my case, my debit card had guaranteed money on it, was registered under my name and billing address, it's...well a debit card, not borrowed money from the bank, like a credit card that Blockbuster wanted.
As a shareholder of Blockbuster (BLOAQ: $0.138 -4.17%) I'm not only disappointed but also deeply concerned. For years I've been faithfully renting movies and games, paying a much more heftier price then I should have, after all redbox was right next door, but I kept spending my money loyally to Blockbuster video, since I am stock holder and to me it was the right thing to do.

Well no more.

According to Blockbuster my money is not good enough for them, which concerns me even more, how about all those other transactions that failed because of their same retarded policy?!
Wake up Blockbuster! Instead of closing hundreds of stores nationwide, how about accepting people's money. US dollars! That might help. Redbox got the sale, and guess what, I just discovered Netflix (NFLX: $181.37 +2.96%) has a good deal too,.. I signed up with the same Visa debit card that Blockbuster didn't accept.

I'll still hold on to my stocks though, it's only a minuscule percentage of my portfolio. But I'm tempted to sell it any day and be done with it.

I hope someone from Blockbuster corporate is reading this, they might want to stop missing out on rental money from people like me.
And by the way, just a note, you might want to fix your Blockbuster Express kiosk in my area, all but a few are out of order.