PROT, VRNG, APPL, RSH | Today’s Stocks

Proteonomix, Inc. PROT

PROT had a positive day on Monday, gaining 12.9% on the day, opening at the low of day at .62, and closing at the high of day at .70.

From July to September this stock made a drastic move from .40 all the way up to 2.95. Following that big run, we observed a sharp selloff, and a subsequent gap down. On October 1st the stock was at 1.60, and on the 2nd, it opened at .70. It then retraced to its original support level at .40.

We would now like to see PROT break past the .78-.88 range, because as you can see on the chart above, there is a large gap to fill on up to 1.40, so we really want to pay close attention moving forward so as not to miss that possibility.

____

Vringo, Inc.  VRNG

VRNG is another well timed hot stock from our watchlist yesterday that is really performing nicely. Opening at 4.90, and hitting a high of 5.57, made possible gains of 14% during Monday’s session. The high of 5.57 also marks the stock’s 52-week high.

Volume and momentum has steadily been increasing over the past few sessions as the stock has begun to break out. While we enjoy playing a hot hand, it is always important to remember when it’s time to pull the rip-cord and protect our investing dollars. There is certainly always the chance that momentum will subside, and we just want to make sure to prepare our exit strategy in the event that the stock takes a turn for the worse.
____

Apple, Inc. APPL

Apple has been undergoing a selloff, and we want to observe carefully for a turnaround. We will be looking to enter some Calls when that happens, as earnings are due later this month, and with this stock, there is always that tendency to run into earnings reports, especially with the new iPhone having just been released.

____

RSH is hovering off of its 52-wk lows, a nice chance for a bottom play. We certainly need to keep an eye on Radio Shack.

LNGT, PROT, RFMK & Extended Watchlist

Laser Energetics, Inc. LNGT

LNGT had a decent end to the week last week, holding support off of .053, and running into some resistance at .06. On an ongoing basis we’d like to see the stock make higher highs and higher lows. As indicated in Friday’s video chart, if LNGT can break above resistance at .06 and .063, there’s chance we’ll see a run back to the .07-.08 range.

____

Rapid Fire Marketing, Inc. RFMK

Speaking of stocks making higher highs and higher lows, RFMK has done that since we added it to our watchlist on Sept. 20th. Having been as low as .0021, and hit a high of .0041 this past Wednesday. Towards the end of the week, it consolidated on light volume, and found support in the mid-.003 range. Provided RFMK continues to hold support above the 200DMA of .003, we’ll remain bullish on this stock. We feel the chart is really setting up nicely, and will keep an eye on RFMK moving forward.

____

Proteonomix, Inc. PROT

It appears as though PROT did some leveling off after a sharp selloff toward the beginning of last week. The stock has made some huge runs in the past, and now that we’ve observed it forming a new base here, it would be wise to keep an eye peeled for a possible upcoming bounce.

____

Extended Watchlist:
EGCT, VRNG,

LGNT | Laser Energetics, Inc. & Extended Watchlist

Laser Energetics, Inc. LNGT

Today’s interest is a unique company and product. Laser Energetics makes what are referred to as laser optical distractors. Essentially, high powered lasers are used as a deterrent/disorienting device from anyone from private citizens to government law enforcement agencies. One could imagine all of the scenarios in which technology like this would be useful. The principle the devices are built upon is the same as police car roof sirens, that are designed to cause disorientation through bright and distracting flashing lights. Quite an interesting niche for this company which has been around for more than 20 years.

The primary focus of Laser Energetics is the Dazer Laser® – Light Fighting Technologies™, and its new BrightStar™ Alexandrite laser technology. In addition, LEI is developing a new product line of light diffusers called Totally Reflective Transmitter (TRT) technology, which will be marketed for use in mobile phones and PDA’s screens as well as signage – for example as a replacement for neon signs.

From the stock side of things: This one has made some nice bounces over the past year, making some good runs to .075 and .08 where there is significant resistance. Key levels of support are at .05 and .055. Should the stock get past the moving averages which sit in the range from .06-.063, we could easily see a break to .07 or .08. A move to those levels from here, would mark gains of 36-45%

We have taken the liberty of providing you with a video presentation of the chart:

____

Extended Watchlist:
RFMK, PROT, NOK, HDY, 

ONTC, RFMK, CMGO & Extended Watchlist

Onteco Corp. ONTC

ONTC proved to be an excellent alert for us yesterday. The stock began trading premarket at .0008, and subsequently hit a high of .0012, trading over ten times the three month average volume.  Even those unable to catch the bottom and hang on for maximum gains (50%), a 22% profit was possible from the .0009 PPS at the open, to .0011. Any way you slice it, ONTC was a successful pick for Wednesday. As our included video chart suggested, resistance began cropping up at the 20 and 50DMA at .0012.

____

Rapid Fire Marketing, Inc. RFMK

This stock first appeared on our watchlist on September 20th. Yesterday marked a new high since we’ve been following RFMK. Being as low as .0021 on the day of our alert, and yesterday touching a high of .0041, we’ve seen the opportunity to make a profit of 95%

____

CMG Holdings, Inc. CMGO

CMGO first appeared in our newsletter on the 17th, and we re-alerted it again on Tuesday. From Tuesday’s low of .026 to yesterday’s high of .035, represents a gain of 35%

____
Extended Watchlist:

EGCT, ECOB, MRNA, MJNA, CBIS, CCAJ, CLRX,

ONTC | Onteco Corp. | Special Alert

Onteco Corp. ONTC

As promised, we bring a brand new sub-penny play this morning, in the form of ONTC. We are thoroughly excited about the potential in this stock. For those wholly unfamiliar with ONTC, here’s a little background on what they do:

The company focuses on alternative energy, both domestically and internationally. Its wholly-owned subsidiary, NexPhase Lighting, Inc. designs and develops proprietary LED (light-emitting diode) lighting fixtures and control systems for large commercial/industrial applications.The company strives to make its products available at the lowest cost, highest efficiency LED fixtures available in the industry. The company is focused on the development of green technology in the field, and the commercial lighting industry is a prime target for an environmentally-sound shift toward less consumptive systems. In a world where policies continue to lean toward cleaner, more efficient use of energy, ONTC is in a prime position to to take full advantage.

Here are a few facts about LED lighting of which you may or may not have been aware:

  • LEDs include up to 60,000 hours of maintenance free lighting, while expending nearly half the energy of standard lighting solutions.
  •    LED fixtures as a result, lead to reduced costs associated with the replacement of standard lamps and tubes for business owners.
  •      LEDs are replacing fluorescent and incandescent lighting systems everywhere; LED light fixtures last twice as long and are just as efficient as fluorescents.
  •      LEDs are 4-6 times more efficient than incandescent, and the tubes do not get especially hot, reducing the potential for fire.
  • The LED lighting industry has been projected to be worth upwards of $20B by 2014.

Apart from the advantages of LED’s over traditional lighting sources, Onteco in particular is doing a lot to ensure success in the marketplace, setting lofty goals for itself. The company intends to reach $150M in sales by the fifth year of production, and has positioned all of the pieces to make that happen. This includes becoming a Government Service Administration Vendor. In essence, what this means, is that when government agencies are in the market to update their lighting standards, Oteco is on the short list of providers to get the job done.

From a stock standpoint, we are excited about the opportunities ONTC could provide. While observing the Level 2 yesterday, we noticed the bid support at .0007 was strengthening, as you can see on the included snapshot below. We also saw some decent size buys at the offer, looking like it wanted to uptick. The stock held a higher low than the previous trading session, holding above the previous day’s low of .0006. Today we are looking to see a continuation of higher lows and added momentum. A low of .0008 this afternoon would reconfirm our assumption that ONTC is ready for a significant uptrend.

We have also provided you with a video presentation of the chart which you can reach by clicking below:

Also take a look at this morning’s press:

MIAMI, Oct. 3, 2012 /PRNewswire via COMTEX/ — Onteco Corporation (OTC.QB: “ONTC”), (the “Company”, or “Onteco”), provided additional information today on the spin-off of its wholly-owned subsidiary, NexPhase Lighting, Inc., (“NexPhase”), by means of a distribution of shares of common stock of NexPhase to the Company’s shareholders of record as of October 14, 2012 (the “Spin Off”), as announced on September 14, 2012.

The Company reports that it had filed the required Information Statement under Section 14(c) of the Securities Exchange Act of 1934, as amended, with the Securities and Exchange Commission (“SEC”), and is currently preparing a response to SEC comments received on the Information Statement. The Company intends to clear these comments as quickly as possible so that it can move forward with sending copies of the Information Statement to its shareholders. As previously stated, it is further contemplated that the shares of common stock of NexPhase to be distributed in the spin-off will be registered with the Securities and Exchange Commission with the result that a market will be created for trading of NexPhase shares and NexPhase will become a fully reporting company>>FULL STORY

For More Info Visit: http://www.onteco.com

 

Get Our FREE Daily Reports!

SUBSCRIBE