EGCT has appeared in our extended watchlist a few times in the month of July, beginning on the 16th. At that time the stock was trading at a low of .30. By the 25th the stock touched .48, a 60% gain.
Today we are bringing the stock to you as a featured play as we believe it could about to get even more interesting. This one is flying under a lot of people’s radars, but we feel that it could deliver the kind of results that were afforded to us by IDOI.
As always we are the first ones to show up at the party. We have a sinking suspicion that this play could soon be receiving mainstream attention. Currently we view it as undervalued as it momentarily remains off the beaten path.
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IDO Security, Inc. IDOI
We’ve been tracking IDOI like a pack of bloodhounds since we first became familiar with the stock in mid-February. In that time, we have had quite a few opportunities for profit, having run from .37 -.55 on our first big take, and having seen a low of .22 before surging as high as .74 in the meantime.
After last week’s panic sell-off due to false accusations levied against IDOI, yesterday, the stock closed above every recorded moving average, and punched past all resistance, indicating that the recovery is well underway. A break above the .46-.48 range would leave the next patch of resistance to show up in the mid-.50’s, as indicated in the video chart we’ve drawn up for you today.
As a stock that seems to respond well to good news, we are anxious to observe the performance of IDOI following yesterday’s post-market news.
Yesterday’s Press:
NEW YORK, NY, Aug 01, 2012 (MARKETWIRE via COMTEX) — IDO Security Inc. (OTCBB: IDOI), developer of the innovative MagShoe(TM) shoe scanning device (SSD), today announced that the Company has installed the MagShoe at the Penitenciarul Poarta Alba Prison in Bucharest Romania.
Following the Company’s participation in the Israeli delegation to the 2012 Black Sea Defense & Aerospace Exhibition in May 2012, and demonstrating the MagShoe at the ICPA Regional conference in Bucharest, June 14th and 15th http://www.icpa.ca/news/1478, IDO Security has begun a pilot program in the Constanc’a Prison.
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Bebida Beverage Co. BBDA
We have been talking about BBDA for the better part of a month now; in that time, we’ve had a few occasions to profit.
The stock was as low as .0015 on July 13th. We’ve noted .003 as a key resistance point in the past, and we were watching for a break of that price point, which came yesterday. The next key resistance is the previous high of .0039. Past that level, it is blue sky, as referenced in the included video chart.
We don’t normally put option-plays in the newsletter, but when we do, it seems to work very nicely. Our mention of the $605 and $610 Calls yielded the opportunity for big gains. The Apple $605 Calls traded as low 4.70, and hit a high of 9.90, for over 100%, and the $610 Calls, traded as low as 2.85, and touched a high of 6.90, for 142% in gains.
Since Apple looks like it wants to gap up above $615, we want to move our strike price up and look at the $620 and $625 Calls. The $620’s closed at 2.42 yesterday, and the $625’s were at 1.65. In the event that AAPL can break the $620 mark, $630 and $640 will be the next resistance points.
***Bullish Points***
-The CCI Is attempting to make it past the 50MA
-RSI Just passed the 50-line and the 50MA
-PPO looks like it wants to cross over above 50MA
-Blue bars on the histogram look like they want to reverse to the top side
-Slow STO recently crossed over passing through the 50 line looking like it wants to break above the 50MA
-The stock broke back above the 20, 50 and 100 day moving averages this week.
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Talon Therapeutics, Inc. TLON
We observed TLON dip to close at 1.21, and we are expecting a rebound into the company’s Aug.12th FDA date.
It is to be expected to see pullbacks after the three consecutive days of gains that preceeded it, and it provides folks who were late to the party last time a chance to get in on the fun.
