Tag: SVEN

KWBT, OGNG, NOK & Extended Watchlist

Kiwa Bio-Tech Products Group Corp. KWBT

This morning we’d like to talk about Kiwa Bio-Tech in the wake of a press release that hit the wires yesterday, causing quite a stir among traders. The stock has only recently awoken from a slumber at the end of November, and the company has since provided two updates that include yesterday’s news announcing that the share structure would remain unchanged per a vote at the annual shareholders meeting.

BEIJING and CLAREMONT, Calif., Dec 18, 2012 (GLOBE NEWSWIRE via COMTEX) — Kiwa Bio-Tech Products Group Corporation (OTCBB:KWBT) held its annual meeting Friday in Beijing. Over 67.1% of the total number of shares outstanding were represented in person or by proxy at the Annual Meeting.

Mr. Wei Li, Mr. Xucheng Hu, Mr. Lianjun Luo and Prof. Qi Wang, as the four individuals receiving the greatest number of votes, were elected to the Board of Directors. Each of them was elected as a director to serve for the term expiring on the date of the Company’s 2013 annual meeting and until his or her respective successor is duly elected and qualified.

Paritz & Company, P.A. was appointed to act as the Company’s independent auditors for the fiscal year ending December 31, 2012.

The proposal to increase the number of authorized shares to 800,000,000 from 400,000,000 failed to receive a majority of votes in favor and therefore was not approved.

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Bravo Enterprises Ltd. OGNG

Recently OGNG woke up and ran from the .01-.02 range all the way up to .115, and has since been inching up, maintaining higher highs and higher lows. Earlier this year, OGNG ran as high as 1.30, from .03, and later made a rip from .04-.25. Looking at those runs allows us to identify previous resistance points, and based on occurrences of high volume of the past, we see that it is capable of making big swings. A break of the resistance at .25 could really catapult OGNG into another huge run, so we have this stock on watch.

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Nokia Corp. NOK

We have included NOK on our extended watchlists through much of 2012, starting in July, at which time it was trading under two dollars (1.91). On Monday the stock broke the 4.00-mark, hitting a high of 4.27 yesterday. 1.91 to 4.27 marks a total possible gain of 124%

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Extended Watchlist:
AZFL, BOSC, SVEN, SCXN, SNTL, SWHC, F

PPHM, GMXS & Extended Watchlist

 

Peregrine Pharmaceuticals, Inc. PPHM

PPHM first began appearing in our watchlist in mid-August, and is one of those stocks that has been very good to us. We tracked it as it ran from 2.30-3.09, after which time it pulled back to 1.76, before skyrocketing as high as 5.50.For the past seven trading sessions, the stock has maintained higher lows, and seen higher highs. Yesterday, we saw a nice breakout from the .90-range before closing out at 1.14, just a nickel shy of the high of day. It broke the 200DMA (1.15), and is now approaching other key areas of resistance- the 50DMA of 1.29, followed by the 100DMA at 1.72.

After its first big run to 5.50, the following day brought a huge gap-down, with the stock opening below a dollar, and running to 1.94. If it can break past the resistance it currently faces, there is a large gap to fill between 1.94 and the 5.00-range, so we definitely want to continue to monitor PPHM.

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Gemini Explorations, Inc. GMXS

GMXS continued to maintain higher highs and higher lows yesterday, as the recent surge has turned to a steady climb. A decrease in volatility can certainly make for a more sustained run.

We were pleased to see a PR released Monday containing some favorable assay results from the company’s most recent gold project located in Columbia. This was the first update activity from the company since the beginning of the summer. :

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FT. LAUDERDALE, FLORIDA, Nov 26, 2012 (MARKETWIRE via COMTEX) — Gemini Explorations Inc., (OTC PINK: GMXS) is very pleased to report the Phase One Sampling results of its wholly owned La Planada Gold Project located in the Los Andes Sotomayor Gold region of southwestern Colombia. The Gemini sampling program focused on systematic channel and chip sampling of 3 crosscutting vein sets, mixed vein and wall rock, and the host rock exposed throughout the property. As reported earlier, La Planada has excellent rock exposure allowing samples to be taken in all areas of the project. Minera Primecap Geological Services (MPGS) directed and oversaw the sampling program. The chip and channel samples were assayed at the labs of INSPECTORATE AMERICA CORPORATION (Inspectorate), Nevada, USA. MPGS prepared the following results from 71 chip and channel samples assayed by Inspectorate Job number: 07-338-00595-01 and as reported below:

The 3 principal vein samples ranged up to 117.9 g/tonne Au and averaged 15.1 g/tonne Au.

The mixed vein and wall rock samples ranged up to 10.7g/tonne Au and averaged 3.06g/tonne Au.

The host rock samples ranged up to 7.9g/tonne Au and averaged 0.88g/tonne Au.

We will need to pay close attention to the news feeds in the near future, for any updates on this promising project.

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As we pointed out earlier this week, the chart is setting up nicely, with the RSI in the power zone, and a golden cross in the making. It will be very interesting to see how the stock reacts once the 20DMA breaches the 200.

Barchart.com is currently giving GMXS a 72% “Buy Rating”.

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Extended Watchlist:
SVEN, RNN, ERBB, EDWY, GALE,