Profitable Developments, Inc. PRDL
It’s been awhile since we’ve run across a stock trading at a dead bottom (.0001), and even longer since we’ve discussed one in our reports, but in light of the PR we caught this morning on PRDL, we’re going to make an exception.
We might call a stock like this a “lottery ticket”; a low probability, extreme high reward play. Super-subpennies by nature are highly speculative, but have the tantalizing quality of having nowhere to go but up. Especially in the instance of a stock like PRDL which announced a massive share reduction this morning.
With a stock trading in a higher price range, a 30% reduction should roughly equate to a similar gain on the chart. With a stock like PRDL, where each tick up on the chart equals a 100% gain, there’s really no telling where the road will lead. We just know we’re very interested to observe the result.
Starting with a block of two billion shares, the company is claiming to have planned for the retirement of a total of 30% of its common stock, click through to the PR below:
NEW YORK, NY , United States / ACCESSWIRE / Aug 6, 2014 / Profitable Developments, Inc. (OTC PINK: PRDL), today announced that it plans to retire a total of four billion shares of common stock. >>> FULL PR
Med-Cannabis Pharma, Inc. MCPI
Following Monday’s initial alert on MCPI, we observed a low of .0355, and sent out an update yesterday afternoon to highlight the 30% move the stock had made up to that point (.465). However, MCPI ended up pushing into the close at a new high of .485 and increasing our total possible two-session gain to as high as 37%
It remains on our radar today after such a strong close. Any time a stock closes at a new high of day, there’s always a chance for some momentum spill-over into the following session.
Petroleo Brasiliero S.A. (Petrobras) PBR – Options Update
We’ve been hot on the trail of the PBR $16 Weekly Calls this week, tracking them from a low of .20 following Monday’s report, to yesterday’s high of .64 (+220%). After that spike, we saw a pullback, and the contracts ended up closing out the day at .30.
From here, we’ll be looking for the possibility of a dip-and-rip scenario, so it’ll be important to keep our eyes peeled for quick-strike opportunities.
Extended Watchlist:
EGLE, ENPH, NRZ, DRYS, KNDI