Day: March 12, 2012

ERII, THQI | Afternoon Updates

Energy Recovery, Inc. ERII

After giving our readers the heads up that ERII was approaching its 52-wk low, we were pleased to see that after finding a brand new low the stock has recovered nicely. The ones of us that were able to successfully call the new low at 2.02, are now enjoying steadily rising gains, which stood at roughly 19% at today’s high (2.44).

ERII is a good illustration of how bottom-fishing for NASDAQ-listed stocks near their annual lows can be an effective short-term strategy.

THQ, Inc. THQI

After first alerting THQI on Feb. 3rd, the stock ran from as low as .5258 to .68. Then, on Mar. 5th, we re-alerted, as THQI had news out, and saw a new low of .48.

The stock has now recovered once again, hitting .5949 this afternoon; a gain of 24% from .48.

IRBL, SNPK, EFFI, VGTL & Today’s Extended Watchlist

Inrob Tech, Ltd. IRBL

IRBL was added to our watchist on Friday morning, as we observed a consolidation after huge run-up, timing the bounce perfectly. Opening at .0039, the stock ran on over four times its 3mo average volume, and closed up 118%, one tick below the high of day (.0085).

The next key resistance to break will be .0094, which was the high on Thursday.
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Sunpeaks Ventures, Inc. SNPK

SNPK had another nice day on Friday, with the massive promotion behind it continuing to bring much higher than average volume.  The stock hit a high of .62. From where we picked up on this promo on Thursday afternoon, that’s over 60%

This morning, we are seeing premarket trades above Friday’s resistance point, so it would seem the trend will continue for the time being.
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EffTec International, Inc. EFFI

EFFI has news out this morning.We have been following this play for quite some time. The stock found support at .13 last week, and held nicely. We are interested to see if this morning’s PR can give EFFI the boost it needs for its next leg up.

BARCHART.COM is currently giving EFFI a “Buy” Rating as well.

TULSA, Okla., March 12, 2012 /PRNewswire via COMTEX/ — EffTec International, Inc. (OTC PK: EFFI), provider of a leading HVAC water-cooled chiller optimization solution, is pleased to announce that the Company has executed a Distribution Agreement with a major Energy Service Company (ESCO) in the Philadelphia, PA area. The ESCO provides a broad range of comprehensive energy savings solutions, and has a broad network of customers, including several Fortune 500 companies in the Healthcare, Pharmaceutical Manufacturing, Consumer Goods and Software industries. The Distribution Agreement allows for EffTec’s innovative EffTrack(TM) System to be offered as a part of the ESCO’s suite of energy-saving products and solutions.
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VGTel, Inc. VGTL

We added VGTL to our radars on the 8th of March. At the time, the stock was trading as low as .60. To Friday’s high of day at .74, that represents possible gains of 23%

Volume was was strong on both Thursday and Friday, with over 300K shares having traded each day. We are interested to see how that carries over into this week.
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Today’s Extended Watchlist:
AGCZ, BUCS, MELY