LGNT | Laser Energetics, Inc. & Extended Watchlist

Laser Energetics, Inc. LNGT

Today’s interest is a unique company and product. Laser Energetics makes what are referred to as laser optical distractors. Essentially, high powered lasers are used as a deterrent/disorienting device from anyone from private citizens to government law enforcement agencies. One could imagine all of the scenarios in which technology like this would be useful. The principle the devices are built upon is the same as police car roof sirens, that are designed to cause disorientation through bright and distracting flashing lights. Quite an interesting niche for this company which has been around for more than 20 years.

The primary focus of Laser Energetics is the Dazer Laser® – Light Fighting Technologies™, and its new BrightStar™ Alexandrite laser technology. In addition, LEI is developing a new product line of light diffusers called Totally Reflective Transmitter (TRT) technology, which will be marketed for use in mobile phones and PDA’s screens as well as signage – for example as a replacement for neon signs.

From the stock side of things: This one has made some nice bounces over the past year, making some good runs to .075 and .08 where there is significant resistance. Key levels of support are at .05 and .055. Should the stock get past the moving averages which sit in the range from .06-.063, we could easily see a break to .07 or .08. A move to those levels from here, would mark gains of 36-45%

We have taken the liberty of providing you with a video presentation of the chart:

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Extended Watchlist:
RFMK, PROT, NOK, HDY, 

PROT, ATRN – Today’s Stocks

Proteonomix, Inc. PROT

PROT is officially our favorite stock in 2012 so far, this thing is absolute monster. From the of .30 following our maiden alert, PROT has absolutely skyrocketed to a high of 7.18 in roughly two months time, for an astonishing gain of 2293%

Atrinsic, Inc. ATRN

ATRN has also raked in some impressive gains, making over 300% in gains for us thus far. We always say, if it’s not broke, dont fix it. You never know when the next opportunity is going to come along, so we are happy to have been able to take advantage of these stocks, making this January the best start to a calendar year that we have ever had!

SAPX, EXTO, PROT – Today’s Watchlist

Proteonomix, Inc. PROT

PROT hit a high of 4.00 on Tuesday, before receding back to 3.20. With all of the gains that the stock has been racking up, it is to be expected to see a bit of a course correction here or there. So, much like some of the other stocks on our watchlist, we are sitting in careful observer mode in order to eye the next possible entry point.

Exit Only, Inc.EXTO

As we’ve seen before, and stated in yesterday’s newsletter, there is going to be a bit of resistance in the .008-.009 range, but we are still counting on EXTO to break over a penny. In all honesty, we believe that EXTO could attain new highs in 2012 (previous high .0129)

Seven Arts Entertainment, Inc. SAPX

SAPX remains high on our watchlist this mid week, after it was confirmed on Tuesday that the company will be acquiring two as yet unreleased albums by multi-platinum recording artist, DMX.
LOS ANGELES, CA, Jan 24, 2012 (MARKETWIRE via COMTEX) — Seven Arts Entertainment Inc. (NASDAQ: SAPX) (“Seven Arts”) announced today that it has executed a definitive agreement with David Michery to acquire his music assets. Mr. Michery is a music industry veteran with an extensive track record of accomplishments. The acquired Michery assets are comprised of recording agreements with several artists, including two completed albums with multi-platinum artist DMX. Seven Arts also announced that “Undisputed,” the first of these two completed DMX albums, is scheduled to be released in the United States in the second quarter of 2012 through Fontana Distribution, a division of Universal Music Group
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We are of course still monitoring all of the stocks that have appeared on our watchlists recently, which in addition to today’s featured stocks, include SVMI, VHGI, BNVI.