Day: March 14, 2013

Thursday Midday Report: SKTO & Extended Watchlist

SK3 Group, Inc. SKTO

We wanted to send out a quick alert on SKTO this afternoon, as the stock came out of the gate  We’ve been talking about SKTO since Tuesday, during which time the stock has traded as low as .0023. We are bringing it into focus again today as it is pushing new highs, with shares going for as much .0078, a 239% move from Wednesday’s low.

This large gain over such a short period solidifies our continuing notion to monitor the marijuana sector as a whole in 2013, as it has consistently produced winning picks for us over the past several months, beginning last year.

MIAMI, FL, Mar 13, 2013 (MARKETWIRE via COMTEX) — SK3 Group, Inc. (OTC Pink: SKTO) today announces that it has appointed licensing expert and former Executive of King World Productions, Kevin Allyn, as Chairman of the Board of Directors.

“Each of the members voted onto the Board brings experience, a unique perspective and direction,” said A. Mayor, CEO of SK3. “Kevin Allyn has broad experience as a senior executive and entrepreneur in entertainment, television, film, music, sports, licensing, and talent management. Kevin has also been an advisor to a variety of companies both private and multi-billion dollar public companies. Mr. Allyn was also one of the presidents of King World Productions, one of the most successful television companies in history. King World is the leading worldwide distributor of first-run programming, including the two highest-rated, first-run strips in syndication, WHEEL OF FORTUNE and JEOPARDY, as well as OPRAH, CSI, INSIDE EDITION, DR. PHIL, EVERYBODY LOVES RAYMOND, HOLLYWOOD SQUARES and THE LITTLE RASCALS. Mr. Allyn’s legendary list of contacts, his ability to innovate and his management expertise allow us to form a team that can scale effectively into this lucrative market.”

http://www.sk3groupinc.com
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Good “Calls” From This Morning
In our A.M. report, we stated that we “want to turn our attention to the 155.00 and 156.00 Weekly SPY Calls.” The 156.00 calls have seen a low of day of .38, and a high of .64 (last traded at .50, up 56%). The 155.00 Calls saw a 1.24 low, and a subsequent high of 1.60, having last traded at 1.40, up 32%

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Extended Watchlist:
LQMT, FLPC, SAPX, RENU, HLNT,

ASKE, SCXN, SPY Calls & Extended Watchlist

Alaska Pacific Energy Corp. ASKE

Triple-zero stocks can serve well as “lottery ticket” plays, and have been known by us in the past, to sometimes be capable of large and rapid gains. ASKE falls under that category. Earlier this year, the stock ran 500% from .0001-.0006. Following that run the stock pulled back to .0002 before making a 150% move to .0005, so as you can see, ASKE is certainly able to deliver multi-bag gains. Every uptick from the current price would spell 30% in gains, So while they generally carry high volatility, triple-zero stocks certainly have some serious  “silver lining” potential.

Currently the stock is sitting at .0002, its 200DMA, with resistance at the 50DMA, of .0003.Should ASKE move past that level, it could very easily return to recent swing highs in the .0005-.0006 range, which would represent a quick 66-100% in gains.

Out this morning: Alaska Pacific Energy Corp: Message From the President

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Scout Exploration, Inc. SCXN

We have mentioned SCXN plenty in the past, and it seemed like a decent time to re-mention it. The stock is hovering around a low, and has been holding above the 200DMA.

We also ran across a research report on SCXN that you may find informative.

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Weekly SPY Calls

The SPY Index pulled back early in yesterday’s trading session, though it was very short lived, as the S&P500 rallied late in the day.This morning the SPY is gapping up to new highs, and we once again want to turn our attention to the 155.00 and 156.00 Weekly SPY Calls.

Yesterday, the 155’s closed at a 1.06, and the 156’s closed at .32. We expect to see gap-ups on each to the tune of 50% or better. If the last eight or nine trading sessions have any influence on today, we would expect to see a pullback followed by a potential bounce-play opportunity.   

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Extended Watchlist:
SAPX, PNCH, MFTH, FEEL,  BBRY, SVA, AFFY