RAYS, ENKG – Midday Mentions

Godfather Media, Inc. ENKG

ENKG sent up some serious alert flags this morning. The stock is coming off a recent bottom, and the recovery is providing one heck of an opportunity for momentum trading.

The company announced a shift in gears this morning. While the symbol remains the same, the company’s name and focus will now be changing.

Energy King, Inc. Changes Name to Godfather Media, Inc.

MISSION VIEJO, CA, Oct 18, 2011 (MARKETWIRE via COMTEX) — Energy King, Inc. (PINKSHEETS: ENKG) Board of Directors is pleased to announce that it has changed its name to Godfather Media, Inc. and the ticker symbol will not be changed at this time.

Energy King, Inc. CEO Michael Cummings stated, “The Company’s Board of Directors, as well as the Majority Shareholder believes that the Name Change is in the Company’s best interest and is intended to more accurately reflect the Company’s operations and interests. At present, the Company is no longer engaged in the HVAC business but in the mobile and social media industry. We also launched a new website at  www.godfathermedia.net which explains our focus in more detail.”

Raystream Inc. RAYS

Just a quick update on the current situation with RAYS. The stock touched a new high of 1.74, bringing our overall gains since alerting at 1.34 up to 30%, and it doesn’t seem as if the ride is over yet.

Another positive press release from Raystream could send the stock hurtling even further upward.

us.raystream.com/home

NYSE: TVIX – VelocityShares Daily 2x VIX Short Term ETN

VS Daily 2x VIX ST ETN (NYSE:TVIX)

In a rough market, investors have found a bit of a safe haven in TVIX. We have noticed this NYSE play making rapid swings to the positive, and in a highly predictable manner. It seems that TVIX’s trading power is inversely proportional to the market. (ie the worse the market tanks, the better TVIX can do) Yesterday we saw gains in excess of 20%, and with a fund trading over $50, that is nothing at which to bat an eye.

This is indeed the highest priced play we have ever mentioned in our alerts, but we feel very safe with this one, as we observe folks making money off of this play hand-over-fist. Just look at this beauty of a chart:

We are sniffing out a bottom on TVIX, because it appears as if we are on the edge of another upturn, and the ripening chart seems to point to the fact that this could take place in just a short time.