TCPS, STWG & Extended Watchlist

TechnoConcepts, Inc. TCPS

TCPS was trading as low as .0025 on Tuesday following our first mention of it. Yesterday, after being featured the morning report, the stock went on to reach a high of .0087, marking a walloping two-day gain of up to 248%

We need to mention, this stock has been on a consistent uptrend for the past five sessions, so it’s time for us to start thinking about the inevitable pullback which follows a big surge. While it’s not altogether clear whether that will come today or tomorrow (as Friday’s tend to be big profit-taking sessions), it will be important for those of us still in, to play with tight mental stops to protect our profits, and remain very cautious of a reversal.

S2C Global Systems, Inc. STWG

We mentioned STWG for the first time back in December when the stock was trading in the .0011 area, and managed to hit .0038 the very same day. It would subside back to .001-range in the weeks that followed.

We were prompted to put STWG back on our watchlist on April 19th, as the day before, it had broke a previous resistance point at .0036. From there, we’ve seen it hold above the 50DMA as support.

Yesterday and the day before, it touched .0087 (a 691% gain off the original low), breaking the previous high of .0076, on the heels of a PR out this week:

SCOTTSDALE, Ariz., May 21, 2013 /PRNewswire/ — S2C Global Systems, Inc. and its wholly-owned subsidiary S2C Global Resources (STWG) (“the “Company”) are pleased to announce that the Company is advancing rapidly to obtain Current Information status on the OTC Markets/Pink Sheets. In addition to other corporate developments soon to be announced, this is an important milestone for STWG in its plans to return to fully reporting status on the OTC Bulletin Board within the next twelve to eighteen months.

Side Note:
Since Ben Bernanke discussed the Fed’s tapering of quantitative easing measures yesterday, the markets began to go into freefall. We are also seeing a big gap-down in the markets this morning, and as always we want to find ways to use current conditions to our advantage. We are paying attention to the call options on the VIX, VXX, and UVXY, as they tend to go up when the market tanks. We will also be looking at SPY puts.

Extended Watchlist: