Progress Watch Corp. PROW
We first introduced PROW to our reports on December 20th, when it was trading at a low of .0065. At that time, we pointed out the likelihood of a Golden Cross, and witnessed one just a couple weeks later. That signaled what would turn out to be an astonishingly impressive week-long breakout to a high of .0488, a rise of 650% from our initial alert price. Quite a move, considering it only took a little over three weeks to transpire.
PROW, is also extremely relevant to yesterday’s report on REVI, because it illustrates the potential power of the elusive Golden Cross chart formation.
Resource Ventures, Inc. REVI
We were pleased with the quick-strike opportunity our alert on REVI offered us yesterday. After opening at its low of day (.0074) the stock surged to a subsequent high of .0105, affording sharp traders the chance at gains of up to 42% After receding from that initial push, the stock found support at .008, bouncing back to .009 before closing at .0087, up 17.5% on the day and trading over 30% more volume than its 3mo. average.
We consider that an extremely solid performance from a stock being mentioned in our reports for the first time, and our call of the possible bounce from the .0074-level couldn’t have been timed any better.
We’re not done following this play, however, as it appears this company is doing everything in its power to improve its process and ensure its positioning for positive growth in the future. We’ll leave the recent press highlights we outlined in yesterday’s special report intact below for anyone who might have missed it; we’re looking forward to seeing how the company follows through with everything it currently has in the works. We also have the impending Golden Cross angle to follow, as we mentioned above; REVI is even closer to its potential Golden Cross than PROW was when we first mentioned it. So the potential for further gains in the days and weeks to come is certainly present. While past performances are no guarantee of future results, we’ve seen the Golden Cross scenario play out so many times to a positive effect, that we would be remiss not to point it out.
We’re also looking at a fresh news release the company put out this morning:
SILVERADO CA–(Marketwired – Jan 22, 2014) – Resource Ventures, Inc. (PINKSHEETS: REVI) President Bob Thompson announced today that the Company’s wholly owned subsidiary, Resources Printing and Graphics, Inc. (RP&G) has achieved a milestone in their Promotional Products, in that the division has grown to represent more than 25% of the company’s overall revenue.
“15 years ago RP&G started their Promotional Products division to satisfy the many customer requests received on a daily basis, RP&G’s printing customers kept pressing us to take on more of their other graphic needs; they like the 24/7 service we offer, and just wanted us to do more for them,” said Bob Thompson, President of Resource Ventures Inc. “Now over a half million products are offered from pens to cups to watches; anything you want to put logo or message on, we can likely do.”
RECENT PRESS HIGHLIGHTS:
– Company expects to report over $2M in revenue for year ending 12/31/13, a year-over-year rise in in excess of 40-50% (Report due no later than 04/01)
– Planned exchange uplisting, process for which could begin as early as Q2
– Company has committed to timely release of all pertinent data while it remains on OTC Pink
– New online store “WikiClickPrint.com” in “fast-track development” mode
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