Yellow7, Inc. YLLC
Based on the momentum and trading activity we observed yesterday, we are going to want to keep this one on our watchlist; more opportunities could be in store.
STL Marketing Group, Inc. STLK
First off, we wanted to forward the notice posted to Versant’s Facebook page yesterday:
“We wanted to thank everyone for their calls regarding yesterday’s earthquake in Guanacaste, Costa Rica. All Versant personnel are fine and the project site as well. We are in an area known for its lack of earthquakes and just in case, when they are built the tower specifications for our site will have the same seismic code as California.”
Those of you who may have missed our reports on STLK from earlier in the week, might want to look them over.
Over the weekend, STLK began updating its filings, in order to get current on information with respect to the merger with Versant. We’re expecting the Caveat Emptor status to be removed at any time now. Once we see the status updated, we think we should start to see more information released by the company with regard to the merger.
As far as the chart is concerned: Earlier this week, we saw the RSI run into the powerzone, twice breaching the 70-line, and both times the stock broke out. Accum/Dist. has been on a steady incline, and the stock is holding support on this 30 min. chart, above the 50DMA of .011. Below that we have support at the 100/200DMA of .008. The PPO is pinching, getting ready for a bullish cross, and the histogram is ready to flip up to the bullish side as well, while the Slow STO also crossed with its lines diverging.
STLK has been a field day for flippers, with traders being able to enter in the low .01’s, and exit in the high .01’s for quick profits of 50% or more. For example, yesterday we saw trades as low as .011, with the stock closing at .017.
This is still going to be a long-term focus for us, but as we stated earlier in the week, the immediate benefits are also prevalent with STLK. Stay tuned for more updates as they become available.
MFTH, MJNA, HEMP, CBIS, PHOT, CLNP