BMSN, NEWL, KNDI & Extended Watchlist

Bio-Matrix Scientific Group, Inc. BMSN
BMSN is an old-time favorite of ours, that we’ve most recently mentioned in both Friday and Monday‘s extended watchlists. On Friday, the stock was as low as .0032, which, at yesterday’s .0048 high, marked a two-session spike of 50% BMSN managed to get above the 200DMA, and broke above resistance at a recent swing high (05/06/13 @.0045). The next key resistance comes at .0062.

Side Note:
Also included in Friday’s report with BMSN was Entest Biomedical, Inc. (ENTB). The two companies are headed up by the same management team. After trading as low as .0019 yesterday, ENTB also made a run, closing at its high of .0026, a 37% move. We’ll be monitoring for a continuation of that momentum this morning.


NewLead Holdings Ltd. NEWL
Speaking of momentum plays, here’s one fresh off our morning scan: NEWL was rebounding off of a recent 52-week low and having a breakout session yesterday. The stock closed at its high of day, and even continued its ascent after-hours. We are going to want to watch this mover into today’s trading. Momentum like that often produces extended multi-day runs, and if that is the case here, we’ll want to take full advantage.


Kandi Technolgies Group, Inc. KNDI & Other EW Winners
We also wanted to give ourselves a hearty pat on the back for our timely inclusion of KNDI in yesterday’s Extended Watchlist. This NASDAQ-traded stock made quite an impressive daily run for a security in this its price-range, trading from a low of 7.20 up to 8.31, gaining 15% on the day.

Other gainers on the day from yesterday’s win-filled extended watchlist include OSH, IGLD, & RNN.


Extended Watchlist:
PSID, XIDE, FREE, STWG

PSID, XIDE, CLNO & Extended Watchlist


We were extremely pleased with the the way PSID performed on our first ever day of coverage. It opened up at its low of day at .19, and closed up 26% at the high of day at .24, which we consider bullish activity. This confirms our call of the bottom, and really validates our interest in the stock moving forward. Bullish exhibitions like the one we observed yesterday often continue into multi-day gainers.

As you can see on the chart below, conditions appear even more favorable than they did yesterday, as indicators are pointing toward a stock in recovery. Ideally, we’d like to see higher lows with support holding at or above .20. Currently, we’re looking at resistance at the 20 and 50DMA’s of .27 and .33.

The company has been reaching out to the investment community via audio interviews recently as well. Lyle Probst, President of PSID subsidiary, Microfluidic Systems, appeared on SmallCap Voice on 06/04, and CEO William Caragol gave an exclusive interview on our sister site, StockTradersTalk.com.


Exide Technologies XIDE
We caught XIDE on our pre-market scanner on Monday after noticing that it had made a huge gap down, and was trading at 52-week lows for as little as .13. We continued to follow it in Tuesday’s report, as it had afforded us a chance at 65% in intraday gains the day prior. But it wasn’t finished there; XIDE would go on to hit a high of .299 on Tuesday, a 130% gain off of Monday’s low.

Congrats to anyone who was able to take advantage of this bottom call.


Cleantech Transit, Inc. CLNO
CLNO was trading subpenny when we first began watching it all the way back in March. At the time the stock was trading as low as .0055. We continued to following its progress, featuring it in an April report in which we stated that in the past, CLNO: “had a spike that ranged from the .03-area all the way up to .125, so we are well aware of the stock’s potential to make huge gains from current levels.” After just a few months, the stock has fulfilled our expectations, hitting a high of .09 yesterday, with gains from the .0055 bottom reaching a monstrous 1536%


Extended Watchlist:
MSTX (Gapping Down Near 52-week Low, Potential Bounceplay), BBDA, BMSN, ENTB, SNWT, INO,

XIDE, RAYS, PLUG, XXII & Extended Watchlist

Exide Technologies XIDE
Our bottom bounce call of XIDE yesterday morning came just in the nick of time, as the stock opened at .1451, and saw a low of .13, before going on to hit a high of .2147, and ending the day at .195. All in all, a good play that afforded us a chance at intraday gains of up to
65%

It is important to remember that this is not a long-term play. The company has filed for Chapter 11, and its future is uncertain at best. No, we were in this one for a quick dead-cat bounce, and that’s just what we got.


Raystream Inc. RAYS
RAYS also made a nice intraday run yesterday, from its low of .0035, to a high of .0057 we were looking at possible gains of 63% That’s in addition to the 200%+ in gains that we’ve already seen from RAYS within the past few trading sessions.


Plug Power, Inc. PLUG
PLUG came off of the extended watchlist yesterday to rack in some modest yet respectable profits, gaining 24% on the day. We’ve been pounding the table on PLUG since February 15th, and since that time we’ve seen a low of .1155. To yesterday’s all-time high of .475, represents a 311% move.


22nd Century Group, Inc. XXII
Another play from yesterday’s extended watchlist that fared pretty well was XXII. It made a nice 19% intraday spike on more than 5X its 3mo. average volume before closing the day flat.


Extended Watchlist:
FORC, KNDI, BEAT, DOLE, LRAD, FNMA