Service Team, Inc. SVTE
We placed SVTE on watch in Tuesday morning‘s report and have been rewarded with an amazing two-day run that has carried it from subpenny territory, straight into Pennyland.
The move we observed on Tuesday was a relatively modest 41% from the low of .0039 to the closing price of .0055, but yesterday, things really kicked into high gear.
SVTE opened up at that .0055 price-point and took off like a bat out of hell, reaching its impressive new high of .0188 shortly before 1PM. It marked an excellent intraday upswing of 242%, and boosted our two-session observed range to a laudable 382% Cheers to anyone who caught a piece of the action!
Pocket Games, Inc. PKGM
We’ve been exceedingly pleased with PKGM’s performance in the couple of weeks we’ve been tracking the stock, after having observed more than a 560% swing.
Yesterday brought yet another chance to make quick-strike profits off of this play from the outset of the session, as it quickly performed a dip-and-rip from the daily low of .0128 to the high of .0195 (+52%) in the first half hour of trading.
A secondary opportunity was afforded to those that continued to watch intently as PKGM came down to find support and make a solid rebound from .014 back to .018 in the closing minutes of the session. That amounted to an added 29% swing, and the stock closed just a tick below at .017. We’ll look for it to maintain support above yesterday’s swing-low in order for it to keep our interest moving forward.
RetailMeNot, Inc. SALE
We also want to provide a quick update on SALE, which we tagged as a bottom-watch play in yesterday’s premarket report. After taking an absolute beating over a poor earnings release, our timing in calling the bottom couldn’t have been much better as is evident on the snapshot below.
We’ve had luck in the past with stocks in these situations where investor disappointment leads to a knee-jerk selloff. We’re going to leave SALE on our radars in the sessions to come, on the possibility that a protracted rebound is forthcoming.
Extended Watchlist:
CDII, VHMC, VPLN, NWPN, TPNI, WRFX