Tag: SRGE

Wednesday Afternoon Updates

Abby, Inc. ABBY

This morning, ABBY opened up at .155 as trades were going off at the offer. Following a wave of selling pressure, we unfortunately lost our key level of support, and are now monitoring for a new level of support.

We will watch closely for the selling pressure to ease off, and for the bid to solidify. This morning’s activity does not change ABBY’s status as a bottom-play trading near all-time lows. Our experience with bottom-plays in the past tells us that we need to be patient, and ready for any stir that can turn into the next big run.

Sell-offs can often cause people undue worry, so let’s not forget the exciting happenings with ABBY’s Nebraska oil field projects as outlined in this morning’s report. Any word of progress in that regard could be just the catalyst we are looking for to jumpstart ABBY off of its bottom.

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Amarantus Biosciences, Inc.  AMBS

We have been talking about AMBS since November 6th. Since that time, the stock has seen a low of .017 (Dec. 3rd), and a subsequent high of .0945 today. That move marks a gain of 456%____

Southridge Enterprises, Inc. SRGE

SRGE has been a topic of discussion for us since September 6th. In that span of nearly three months, we’ve seen the stock trade in a range from .001 (Sept. 17) on up to .0194 (Nov. 26th) for a monster 1840% move. It then dipped back to .0045 before running to .015 for an added 233% rip.

With the type of news we saw out of SRGE today, we wouldnt be surprised to see it retest previous highs:

DALLAS, Dec. 26, 2012 /PRNewswire via COMTEX/ — Southridge Enterprises Inc. (PINKSHEETS: SRGE) (“Southridge” or the “Company”) is excited to announce a new Joint Partner, Kinross (NYSE: KGC), a Major listed Mining Company for its Cinco Minas and Gran Cabrera properties. Southridge’s joint partnership with Kinross, a major NYSE listed gold mining company, is valued at roughly $550,000,000 to $600,000,000. Due to numerous shareholder inquiries Southridge and its Board of Directors felt the need to update the market on its recent announcement named, “Southridge Announces Signed Agreement with Major NYSE Listed Mining Company on Cinco Minas and Gran Cabrera Gold & Silver Mines in Mexico.”

Southridge and its advisers are currently working hand in hand with Kinross to finalize the remaining documents and agreements in order to execute this new joint partnership for its Cinco Minas and Gran Cabrera properties with Kinross. Due to the size and complexity of this transaction we expect to execute this joint partnership with Kinross by Mid-January.
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Extended Watchlist:
CTIX, EPGL,PAYD, BMSN

RXAC & Extended Watchlist

We hope everyone enjoys the second half of this short day and tomorrow’s day off from the markets, no matter what your background, or how you celebrate the season. Year’s end is always a reflective time, when we sit and ponder both the year past and the one to come, and get a chance to recharge our batteries. However, before we settle in for a long winter’s nap, let us take the time to congratulate ourselves for squeezing in yet another big winner to Friday’s watchlist.

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Resource Exchange of America Corp RXAC

We included RXAC in Friday’s watchlist after noticing that the company was reactivated by Florida’s secretary of state office per a filing dated Dec.19th.

After opening at .006, the stock touched a low of .0042 before running hard into the close and finishing out the day at the HOD of .0099 for a intraday gain of 136% It was the largest gainer from an Extended Watchlist that included 5 out of 6 stocks that posted gains on the day. AAPL was the one exception, however it appears that it wants to gap up and go green as well today.

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This is the time of year when lots of folks are selling out of their positions to take a tax loss, which creates great opportunities for bottom-feeders. We will on the lookout for bounce plays, and any other opportunities that may come our way. We will be releasing a new pick on Wednesday that fits into the ‘bottom-bouncer’ category, so be sure to tune back in immediately following the holiday, when we will be ready to ring in the New Year with a bang.

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Extended Watchlist:
DEJ, DYNT, GPL, SRGE, HLNT, AMBS

AZFL, MWIP & Extended Watchlist

Amazonas Florestal Ltd. AZFL

AZFL first appeared as a main focus in our reports on November 28th. On that day, the stock was as low as .047 when we noticed it starting to recover off of its bottom, and has since been maintaining higher lows, and building support in the .05-.06 range. At one point last week, we saw a high of .09, which looks to be our key area of resistance. A break above that level, and the stock could easily return to recent highs of .11-.12.

In the event that it does return to that .09-.12 range, we would be looking at additional gains of 22-63% from yesterday’s close of .0735.

This has been a long-term play for us from the very beginning, and we don’t see that changing anytime soon. With the magnitude of today’s PR, it seems things are only just beginning to heat up.

We have also taken the liberty of preparing a video presentation of the AZFL chart :

Today’s News:

Amazonas Florestal, Ltd. sustainable forest management company, expands partnership with Trackwork Ltd, the UK’s largest contractor for railway supply.

MIAMI, Dec 18, 2012 (BUSINESS WIRE) — Amazonas Florestal, Ltd. (OTCPK: AZFL) (“Amazonas” or “Company”), a diversified forest management company generating profit through innovative, sustainable forest management, received a purchase order for $2,640,000 from Trackwork Limited (“Trackwork”) for 4000m(3) of sleepers and bearers (railroad ties).

Having passed an on-site quality control inspection and filled previous orders for Trackwork, Amazonas receives this purchase order as the next step in a growing relationship with Trackwork, its longest-standing and largest client. This larger order provides Amazonas with leverage to harvest current forest management projects, which will, in turn, provide additional supply of species for production at low cost.

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MediSwipe, Inc. MWIP

Yesterday was our third consecutive day of monster volume and huge gains out of MWIP. After reaching a high of .019, the stock retraced a bit and closed out the day maintaining over 50% of its gains at .015. The stock has closed green for five days running; we will be looking for bounce opportunities once the inevitable dip comes to pass. With the amount of momentum in this play, we may not see that pullback until later in the week as things begin to slow down in anticipation of the forthcoming holidays.

Any way you slice it, we are thrilled with the performance of this stock since we brought it into focus for the first time in Mid-October, having afforded us the opportunity to pocket up to 692% in cumulative gains during that time. In the past, these big gainers have generally been good for bounce-plays as the dust from a major run settles, which is why we will be monitoring this one continuously, as we go forward.

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Extended Watchlist:
VNDA, SRGE, AMBS, OGNG, EGCT, SCXN,

APDN, MWIP, ONCY & Extended Watchlist

APDN had an impressive day for the second consecutive session. The stock ran up until it hit a patch of resistance at.295, right where we asserted it would come. When added to Wednesday’s gains, APDN’s performance yesterday brought our total cumulative profits to a possible 44%

The stock has maintained its strength on the chart, as we’ve seen higher highs and higher lows on rather impressive share volume, and nearly $5M in dollar volume.

The next key level that we’d like to see broken through is .2965. As we said yesterday, a break past that level could send us into Blue Sky Breakout mode.

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MWIP was added to our extended watchlist yesterday after we observed the momentum it exhibited earlier in the week.

We are no stranger to MWIP, we began following this play back on October 16th when we put out our first medical marijuana roundup report. The stock was trading as low as .0031 at the time, subsequently surging to .005 before it dipped to find support between .0024-.0029.

Yesterday the stock was as low as .0055 and ran as high as .0076, an intraday gain of 38%

The buzz surrounding medical marijuana stocks doesn’t figure to slow down anytime soon, and this play could be headed to pennyland in the near future. The next patch of resistance from here appears to come at .0125. We’d like to see the previous resistance from .0066-.007 hold as support.

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Oncolytics Biotech Inc. ONCY

ONCY was another new addition to our extended watchlist yesterday, had a heck of a day, opening at .2.70, and running as high as 3.85 before closing out the day at 3.03 (+43%).

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Two days in a row, our selections have provided us with a couple of nice opportunities for profit. As we were saying yesterday morning, you really can’t find the kind of variety of successful plays anywhere else, that we provide here on a consistent basis. Here’s wishing everyone a safe and fun weekend, best of luck to all and happy trading.

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Extended Watchlist:
AZFL, FCEL, ALXA, GSV, SZYM, SRGE,

GALE, EDWY & Extended Watchlist

 

Galena Biopharma, Inc. GALE

We were happy to see that GALE earned us a spot on Penny Stock Rumble’s Top Gainers List this week. From its low (Wed.) of 1.6525 to yesterday’s high of 2.10, we saw total possible gains of 27% The stock had news out, and closed strong on the day at 2.04 on around 3X the average volume.

The GALE Chart is exhibiting all the telltale signs of a momentum mover, and we’re glad we were watching closely enough to hitch a ride! As you can see below, the RSI is screaming toward the power zone, while the Slow STO and the PPO have just crossed and are swinging sharply to the North.

Yesterday’s News:

LAKE OSWEGO, Ore., Nov 29, 2012 (GlobeNewswire via COMTEX) — Galena Biopharma (Nasdaq:GALE), a biotechnology company focused on developing innovative, targeted oncology treatments addressing major unmet medical needs to advance cancer care, today announced two presentations at the 35th Annual CTRC-AACR San Antonio Breast Cancer Symposium. The event will be held December 4-8, 2012 at the Henry B. Gonzalez Convention Center in San Antonio, Texas.

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eDoorways International Corp. EDWY

EDWY first appeared on our extended watchlist this week. The stock recently ran from a low of .005 to a high of a nickel (+810%) between Sept 18 and Nov 1st. Following that big run, the stock consolidated to find support off of a penny-and-a-half.

Yesterday we observed trades as low as .0153, and as high as .025, for total possible gains of over 60% on the day. We are looking at key levels of resistance at .026 (20DMA) and .031 (200DMA), and judging by the history of the stock, a push past those levels could really lead to a serious breakout.

Indicators on the chart all seem to be shaping up rather nicely. We notice that the Accum/Dist has been steadily rising, the RSI is just on the cusp of breaking the 50DMA, and the PPO is currently pinching, hinting at a bullish cross. The bars on the histogram are also about to flip up to the bullish side, and we had a recent cross on the Slow STO.

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Extended Watchlist:
TLAB, UTSI, PPHM, MAXD, SRGE, HLNT,

 

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