Blockbuster's (BLOAQ) huge momentum, surges over 70%!

Blockbuster (BLOAQ) jumped over 70% today, even being in the 80% range for a little while, closing at $0.34 a share today. I own the stock in my fund so you can imaging the nice boost it gave my portfolio. It's just a 'fun stock' to own since I usually don't buy penny stocks. Blockbuster is on the rise thanks to the announcement that Dish Network will be streaming their service. Now Netflix (NFLX) has some competition it seems like - and Netflix trades around $127. Of course they are two totally different companies but they operate in the same sector. Fair to set a same price target? Besides that many people left Netflix since their recent price hike. Are people turning to Blockbuster? Whatever the case is, the stock traded around $0.04 cents a share a few months ago, now that's a nice price jump. Unfortunately I got in at $0.20 a share back in the day but I'm glad I held on to it for a nice gain so far. The question always is; should we buy or sell this stock?
Take a look at the chart below:

Notice the huge trading volume? Blockbuster is hot! To me, I think it's still a bargain. However, penny stocks are cheap for a reason. After all Blockbuster did file bankruptcy. With a huge spike like this it's hard to set a target point. I'm still holding tight and see where this is heading. Ultimately its price is determined on how well Blockbuster does with Dish Network (DISH) and is depended on Dish Networks customers. Calculated with everything in mind I see Blockbuster heading towards $1 a share by the end of next month (if not higher), if you own Blockbuster like me; hold on tight!

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a video game (yes I like to play a video game once in awhile) over the holidays because my credit card information was outdated and did not want to accept my new Visa debit card information although it's under my name and address.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.