Solo International, Inc. SLIO | Afternoon Momentum Alert

Solo International, Inc. SLIO

SLIO hit our radars today, and we wanted to send out a quick alert to that effect. Having virtually no volume prior to today, the stock has exploded with momentum, trading over 80M shares already. SLIO was as low as .055, and has now poked its head into the twelve cent range, showing us its ability to make really nice intraday gains.

We want to put this on our watchlist moving forward, while looking for any chance to capitalize on the extreme volatility being exhibited.

With plays like these, we have to be extra cautious, trading with tight stops in place in order to protect ourselves, as it can often be a wild ride.

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LUNL, BMBM & Today’s Extended Watchlist

Lumonall, Inc. LUNL

Despite a flat finish yesterday, LUNL managed a high of .0034. This stock first appeared on our extended watchlist on Monday, after which we saw a low of .0016, which, to yesterday’s peak price represents a gain of 113%

It has maintained higher lows and reached higher highs since we started covering it, as well as consistently trading higher-than-average volume.

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BMB Munai, Inc. BMBM

We wanted to highlight BMBM this morning, as a dead-cat bounce play that is just coming off of its 52-week low. As recently as August-September, it ran from low .20’s to .314.

On Halloween, the stock experienced a huge gap-down; trading at .31 on the 26th. The markets were then re-opened in the wake of Hurricane Sandy on the 31st, and it opened at .10, falling to a low of .017. After this catastrophic decrease, the stock continued to feel selling pressure until it reached its ultimate low of a penny this past Monday.

We like catching these plays when the bottom falls out suddenly like we’ve seen here. The subsequent recoveries are usually good for some really nice percentage increases as the stock attempts to gain back some of that lost ground. We’re obviously not expecting a return to .30, but a bounce recovering even a fraction of the former value could be a lucrative prospect indeed.

Looking at the chart below, we can see that the Accum/Dist and the RSI are starting to look like they are turning around after a period of being heavily oversold. The PPO also looks like it is setting up for a bullish cross in the sessions ahead, so we definitely want to keep an eye on BMBM heading into next week. The Slow STO has been kissing and it too seems to be gearing up for a cross. We can see that .034 is a recent swing-high, as the stock tried to bounce immediately after the big gap-down; that is where it ran into some resistance, and thus seems like the first major hurdle that needs to be cleared.

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Extended Watchlist:
TCX, ZAZA, FRO, SNDN, 

ERBB, GRNH, LUNL, IDGC & Today’s Extended Watchlist

Tranzbyte Corp ERBB

ERBB opened at .0048 on Monday, and ran to .0075, where it ran into a key level of resistance. Currently we have a golden cross formation setting up on the chart. This play will be on our watchlist for weeks to come. We are looking for when the 20DMA surpasses the 200DMA, and at the rate it’s been going, we could realistically see that occur within the next couple of weeks.

Yesterday’s volume of 42.5M shares traded represents nearly 7X the current average.

Barchart.com is currently listing ERBB as a 64% Overall Buy and placing the brunt of their confidence in the short-to-medium term.

Most of the medical marijuana plays that we’ve been monitoring with the exception of ERBB, were on downtrends yesterday.

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GreenGro Technologies, Inc. GRNH

GRNH was one of those med. marijuana stocks that experienced a pullback on Monday, no great shock, granted the recent huge runs we’ve been seeing. It did, however, end up maintaining the support level we had mentioned in the morning reports (.05-.06), closing the day out at six cents.

We need to see GRNH hold a minimum level of support anywhere from the 20DMA (.0322) to yesterday’s foothold at .0465. Moving forward, we are going to have to monitor all of these consolidating marijuana stocks for any bounce actions that may come to pass.

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Lumonall, Inc. LUNL

After appearing in our extended watchlists recently, LUNL earned a spot as one of our main focal points this morning, turning in back to back days of abnormally high volume.

On Friday, it traded over $23K in dollar volume, and yesterday, another $16K. With accumulation increases such as these, there often tends to be a corresponding increase in upward momentum, so we certainly want to watch for that.

The stock has enjoyed steadily rising closing prices for the past three consecutive trading days, so we are anxious to see if the recent awakening of the stock can continue to duplicate those results.

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IDGlobal Corp. IDGC

This is a high flying, big momentum mover that caught our attention yesterday when it ran from .0004 to as high as .0075. A surge like that is enough to get anyone’s attention, exploding for possible intraday gains of over 1700%

We most definitely want to put this stock on bounce-watch once the dust settles from this amazing run. One would expect to see significant consolidation after such a showing, and the resultant rebound could be impressive in and of itself. In the meantime, we’ll want to make certain that the current run is indeed at an end.

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Extended Watchlist:

MSLP, CGRA, TMKR, HZNP, GALE