International Consolidated Companies, Inc. INCC
To start things off this morning we’re going to talk about INCC, a stock that popped up on one of our recent scans. It rose from the dead a couple of weeks ago, and has made a huge move from triple-zero territory into the .003’s pushing to new highs and putting us on alert.
When we see a stock in this position, we start to think about the potential for dip-and-rip opportunities. We’ll monitor the activity from here, waiting for the inevitable pullback, which will put us in vulture-mode. When we witness the bottom, that’s the time to swoop in, and make a quick play on the bounce.
SOHM, Inc. SHMN
This morning’s scan yielded a potential opportunity with SHMN. We like the look of this play for a few reasons. Firstly, the stock is coming off of a relative bottom, so we like the current price range here in the .002’s.
We also noticed the SHMN share structure, with just under 90M in the float, which is notably tight for a stock trading in this range.
The company also recently announced increased revenues, to the tune of a 65% increase last year.
- SOHM, INC. Financials (Thu, Apr 17)
- SOHM Announces Financial Results for 2013 (Wed, Apr 9)
All of these aspects of SHMN give us cause to place this stock on watch as we kick off another trading week.
Extended Watchlist:
STEM, QUIK, CGEN, INO