Singlepoint, Inc. SING
SING was an unbelievable gainer for us yesterday, so much so that we felt the need to send out an afternoon alert just to make sure everyone was paying attention. After briefly touching .0195 just after the open, the stock went into beast-mode and rampaged its way into the close at its high of day, .084, a 331% intraday move on roughly 12x its 3mo. average volume.
At the time of our afternoon update (2:30pm) the stock was trading at .044, so even those who missed the morning report could have still made gains of up to 91%
We want to point out another aspect of SING’s performance that serves as a good lesson: In yesterday morning’s report we stated: “Indeed we are seeing the gap-up that we expected, this morning pre-market trades have gone off as high as a nickel. After such a huge spike, we wouldn’t be looking to jump in head-first, as a dip-and-rip scenario is exceedingly common in these situations.”
We hope that many of you caught this tidbit, because SING then executed a textbook dip-and-rip, coming down off of a nickel to touch that low of day at .0195 before taking off into the stratosphere. Congratulations to anyone who adeptly played this monster of a play. It was a great way to kick off another exciting week of OTC trading.
US Energy Initiatives Corp. USEI
Speaking of monster gainers, USEI is the other major reason why we hope folks caught our afternoon update yesterday. Our alert couldn’t have been timed much better; the stock was trading at .0027 when we published our report at 2:30pm, just before it would explode to hit a high of .0064 (A possible gain of 137%) and close just a couple of ticks below at .0062 on over 20x its average volume.
The stock traded roughly 80% of its 500M float, meaning the supply of freely-traded stock on the Street is dwindling, a scenario that could produce even more large gains as we go forward.
Remember, this company just announced its entry into the Cannabis Sector yesterday, so we’ll be monitoring this stock alongside all of the other pot plays we’ve been tracking.
Alternative Energy Partners, Inc. AEGY
AEGY was another one that appeared in yesterday’s reports and afforded traders the chance at sizable profits, as it too played out a dip-and-rip from .0082 to .0119, a 45% move. The main difference between this and the aforementioned stocks, is that we have been following AEGY closely since the beginning last week, when the stock was trading at a low of .0036.
From our initial alert price, AEGY’s high yesterday represented a one-week increase of 231%
AEGY just underwent a Golden Cross on its chart, which will make it one story to follow closely as the week progresses.
Extended Watchlist:
JCP, RSOL, NURO, HEB, OCLS, PTIE