Facebook, Inc. FB
Here’s our take on FB. As a service used by a sizable portion of the free world, and all of the excitement being kicked up by today’s IPO, it would seem reasonable to expect the stock to trade like a beast out of the starting gate, BUT (and here is our word of caution)- We will not be getting married to FB stock in its early trading days, as we feel that once the initial hysteria dies down, FB will be subject to a large consolidation.
For the short-term, we feel that taking quick profits, and adopting a cautious attitude will prevail. As far as the long-term is concerned, it seems unlikely that Facebook will hold its initial gains.(which could figure to be pretty substantial). So what we are looking at here, is a bit of a double-edged sword, but leaving out all emotion and trading smartly could make a play at this new stock worth our while.
Gemini Explorations, Inc. GMXS
GMXS had another nice performance yesterday on the heels of a post-market announcement made by the company Wednesday.
We saw gains on the order of 47% on its second highest volume day ever, trading 369,000 shares, just 20K shy of the all-time high.
The stock closed with strength Thursday, finishing at it’s high-of-day, and having broken through the 50MA. The next key levels of resistance will be the 20MA (.08), and the 52-wk high of .10, however beyond that, we’re in blue-sky breakout mode, and traveling into uncharted waters.
From yesterday’s close at .078, to the previous ten cent high, would represent a gain of 28%; nothing at which to bat an eye.
Structural Enhancement Technologies EMWW
Winners, winners, everywhere! EMWW saw another green session Thursday, also having closed at it’s HOD (.0098), up 30% on the day.
ATRN, MHYS, VPER