Southridge Enterprises, Inc. SRGE
SRGE has been on our radars for the better part of a week now. The first appearance on our watchlist was on September 6th. On Friday, the stock traded as low as .0024, and yesterday the stock hit an impressive high of .0095. That represents a possible gain of 296% Congrats to those who were able to capitalize on some substantial gains. We love a good gold play, and this one turned out to perform quite well.
The company has has an active summer with regard to press, and yesterday released yet another tidbit of positive info:
DALLAS, TX, Sep 10, 2012 (MARKETWIRE via COMTEX) — Southridge Enterprises Inc. (PINKSHEETS: SRGE) (“Southridge” or the “Company”) today announced it has begun a Multi-million Dollar expansion of its Cinco Minas Mill (CMM) located at Cinco Minas, Jalisco, Mexico. The new facility’s high efficiency expansion will raise full production capacity to 500 ton per day (tpd), a more than 8 fold increase from the current 60 tpd production level, by the end of 2013.
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Mike The Pike Productions, Inc. MIKP
MIKP was a play from our August 16th extended watchlist, which reached new highs yesterday after making a nice move. Being as low as .0005 following our alert, yesterday’s high (and close) of .0023 marks gains of up to 360%
If we see a consolidation here, we’d like to see MIKP hold .0019 as a level of support. Previous highs often serve as future support levels, and if .0019 can hold, we might see a significant bounce off of that price point. Other key key levels are the 50 and 100 DMA’s of .0015 and .0012 respectively.
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BBDA, AAPT & KMAG
Even though gains were not huge yesterday, each of these stocks were in the green yesterday. Past gains from these have been substantial, and thus we continue to keep these plays on our watchlist.
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Extended Watchlist:
VDSC, MFTH, SGLB, CTYX
