Tag: WPCS

CNDO, FREE, WPCS & Extended Watchlist

Coronado Biosciences, Inc. CNDO

When we last visited CNDO, we made mention of the large gap on the chart that we were looking to see filled. At the time (Dec.12th), we observed prices as low as 1.75. Now two weeks later, we have seen some real strides toward the filling of that gap, with yesterday’s high of 3.09 marking a gain of 77%

The stock has been making higher lows for the past four sessions, and we’ve mentioned that a break of the 50DMA could lead to further gains. Now that it has happened, we are going to be extra vigilant over this play.

We took the liberty of drawing up a video chart on CNDO for your convenience:

As far as options trading is concerned, we are currently eyeballing the 01/18/14 2.50 Calls, which closed at .72 yesterday. A return of the stock to previous levels in the $4-5 range would likely yield multi-bag gains on those contracts.

FreeSeas, Inc. FREE

FREE has been a big winner for us in the recent past. Following our last alert, the stock was trading as low as 1.12. We had previously ridden FREE for gains of more than 400% and after watching it consolidate heavily, we mentioned that chart indicators were signaling the beginning of what we assumed would be another significant run.

Once again, our assumptions proved to be highly accurate. The stock has found its way off its bottom, yesterday reaching as high as 2.40. That marks an opportunity for gains on the order of 114% in just a couple of weeks.

WPCS International, Inc. WPCS

On December 23rd, WPCS appeared in our extended watchlist. It didn’t take long to see a positive move out of this stock; yesterday as it traded from a low of 1.46 to 1.619, it afforded traders the chance at a modest 11% gain.

We really want to keep an eye out for further movement on WPCS, as the stock is gapping up heavily this morning, to the tune of roughly 80% This comes on the heels of yesterday’s news that the company has developed a Bitcoin trading platform to capitalize on the recent digital currency fad.

EXTON, PA, Dec 26, 2013 (Marketwired via COMTEX) — WPCS International Incorporated (NASDAQ: WPCS), (“WPCS” or the “Company”), today announced that its wholly-owned subsidiary, BTX Trader, LLC (“BTX Trader” or “BTX”) has released a beta version of its Windows-based trading platform that is now available to the public at www.btxtrader.com. BTX Trader, which was recently acquired by WPCS, is the first trading platform to enable Bitcoin traders and industry researchers to access market data and execute orders on the five most popular Bitcoin exchanges in a single application.

Extended Watchlist:
PROW, DRYS, GNK, NEWL, EGLE, RSOL, SHIP

CETV, PROW, TGRO, TSEM, ORMP, ARIA & Extended Watchlist

Central European Media Enterprises, Inc. CETV

We’ve been tracking CETV for quite some time now, having initially alerted the stock on May 10th following a routine Form-4 (Insider Trading) scan. We learned that a large block ($75M worth) of shares had just been purchased by none other than Time Warner, and took notice immediately. We observed the stock make a monster move of 147% before being subjected to a large gap-down (hit 52-week low @ 2.03) at the end of October.

We decided to re-alert the stock on November 13th, by which time it was trading as low as 2.12. Since then, it has been stair-stepping its way back up, having seen highs in the high 3.20’s last week. We’re looking for a breach of the 50 and 200DMA’s (3.48, 3.86 respectively), following which the filling of that large gap on the chart could result in further significant increases.

Progress Watch Corp. PROW

On Friday, we mentioned that we were looking for a break of a key resistance areat on PROW, the 200DMA residing in the .007’s, and the stock indeed surpassed and held above that mark into the close. After opening at .0065, PROW would see a subsequent high of .0098, an intraday run of 51% on more than 5x its 3mo. average volume.

We warned of PROW’s extremely tight share structure, which allows for significant increases on relatively small amounts of buying pressure. The stock demonstrated our point quite succinctly.

Tiger Oil & Energy, Inc. TGRO

Also appearing in Friday’s report was another of our recent favorites in TGRO, a stock which has afforded us ample opportunities in the two weeks that we’ve been tracking it. With our first alert coming exactly two weeks ago, the stock has run from a low .36, all the way up to 1.08, good for a mega-gain of 200%

For those who may have only caught Friday’s alert, there was still the chance to make up to 43% in profit from TGRO’s daily low of  .755 to the 1.08 high.

Extended Watchlist Winners

Friday’s Extended Watchlist also included a few choice picks that put up very respectable sessions to close out the week.

Tower Semiconductor Ltd. TSEM enjoyed a nice move of 26% trading in its daily range from 6.00 to 7.53.

Oramed Pharmaceuticals, Inc. ORMP spiked 36% running from 10.05 to 13.69.

ARIAD Pharmaceuticals, Inc. ARIA has been an Extended Watchlist mainstay since Nov. 12th, being as low as 2.31. Friday’s high of 7.75 represents a great run of 236% in just a little over five weeks.

Extended Watchlist:
BISU, AMRN, XRTX, CANF, CBMX, WPCS, S, AAPL(Big news with China Mobile),

EGCT, CGUD & Extended Watchlist

Ecologic Transportation, Inc. EGCT

We brought EGCT back into focus yesterday and the stock performed as we had hoped, making higher highs and higher lows for the second consecutive day. After gapping up in the morning, the stock held all day above the moving averages (20, 50, 100DMA’s), never dipping below .30.

The RSI punched through the 50 Line as well as the 50 MA overlay, and is getting ready to make its way into the powerzone. The blue bars on the histogram look ready to jump up to the bullish side, and the PPO is pinching toward a cross which could come as soon as today. The Slow STO also had a cross. All the indicators are improving on yesterday’s outlook as the stock bounces back from being oversold. Twice now we’ve seen EGCT run to the mid-to-high .40’s. This time around, we are looking to breach the .46-.48 area, as a break past that level would mean pressing new highs.

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Com-Guard.com, Inc. CGUD

We are adding this play to our radars today as a result of yesterday’s huge volume increase. The stock has a 3mo average volume under a million shares; yesterday it traded over 15 million shares, leading us to believe that something big could be brewing.

According to OTCMarkets.com, the last reported shares outstanding was just under 380 million, with a float of just 65 million. If those figures are still accurate, yesterday’s volume accounts for a quarter of the total float. Should the buying continue into today, the float could be locked down, leading to a massive run.

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Added Note: Last week we highlighted Apple options, and we made out pretty well with the $680 Calls. This week we saw a pullback going into Wednesday, as the 680’s traded as low as .70. Yesterday’s high was over 7.00; for anyone in Wednesday and out yesterday, you could have been looking at up to 1000% in gains. It isn’t the first time we’ve seen a ten-bagger around here, but it is always exciting when it happens.We are keeping an eye on these calls as Apple gaps up and tests new 52-wk highs.

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Extended Watchlist:
APP, DARA, WPCS, GBG, BIOF, PEIX,