GYST | The Greystone Company, Inc. | Midday Update

The Graystone Company, Inc. GYST

We first talked about GYST back on August 14th. At the time, the stock was trading as low as .0135. By the very next day, it had surged ahead to .034, gaining 152% and landing us a spot on Penny Stock Rumble‘s top gainers list. Following the large run-up, we saw a big consolidation out of GYST, drifting as low as .0033 where it found support at the outset of this month.

Today’s high of day .0114  falls at a key level of resistance (the 20DMA), and it appears that the upward momentum is receiving a boost from today’s impressive PR regarding increased sales by the company’s retail arm:

LIMA, Peru, Sep 12, 2012 (BUSINESS WIRE) — The Graystone Company (OTCQB: GYST) announced today that the Company’s retail sale of gold and silver increased by 341% in the month of August. The Company’s sales in August were greater than the rest of the year combined. As such, the Company is investing additional resources to continue to expand and grow this division.

“We are still in the beginning phase of vertically integrating our business,” said Paul Howarth, CEO of The Graystone Company. “Our focus is to bring our mining operations in Peru online as quickly as possible. However, the Graystonegold.com retail division’s sales have become very helpful in providing operating cash flows while the company completes the build-out of its mining operations. In fact, the retail division has grown faster than we expected – we sold more gold and silver in August then the rest of the year combined and we look forward to continued growth the rest of the year.”

The Graystone Company, Inc. is a U.S.-based mining and exploration company focused on acquiring and developing gold and other mineral properties. The Company’s strategy is to build value for shareholders by the identification, acquisition and exploration of early-stage properties that show significant potential for the discovery of gold. The Company sells gold and silver to retail buyers via www.graystonegold.com.

APP, MFTH, SGLB & Extended Watchlist

American Apparel, Inc. APP

We first talked about APP all the way back on December 27th. Yesterday it popped back onto our radars as we observed APP hit a new 52-wk high.

Granted the season, and industry, APP should be experiencing better quarterly numbers in the months ahead. Between students returning to school, and the impending holiday retail boom, this apparel company is in position to rake in quite a bit of revenue. For that reason, we will be monitoring APP more closely in the immediate future.

We have also prepared a video chart outlining some key technical points for the stock.

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Medisafe 1 Technologies Corp. MFTH &

Sigma Labs, Inc. SGLB

As we have stressed in the past, the symbols we place in our extended watchlist simply must not be overlooked. These two stocks did very well yesterday.

MFTH opened at the previous close and LOD of .004, then hitting a high of .0071 before closing at .0062 for possible intraday gains ranging from 55-78% Not bad for having just racked up over 100% in gains one day prior. Following our first mention of MFTH, the stock saw a low on the order of .003, and subsequently touched a high of .006 last week, and has been holding support in the low-to-mid .004’s.

SGLB opened at .016, and touched .03 before closing at .02. for gains ranging from 25-86%

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Extended Watchlist:

FITX, AONE, NOK, HBRM

SRGE, MIKP & Extended Watchlist

Southridge Enterprises, Inc. SRGE

SRGE has been on our radars for the better part of a week now. The first appearance on our watchlist was on September 6th. On Friday, the stock traded as low as .0024, and yesterday the stock hit an impressive high of .0095. That represents a possible gain of 296% Congrats  to those who were able to capitalize on some substantial gains. We love a good gold play, and this one turned out to perform quite well.

The company has has an active summer with regard to press, and yesterday released yet another tidbit of positive info:

DALLAS, TX, Sep 10, 2012 (MARKETWIRE via COMTEX) — Southridge Enterprises Inc. (PINKSHEETS: SRGE) (“Southridge” or the “Company”) today announced it has begun a Multi-million Dollar expansion of its Cinco Minas Mill (CMM) located at Cinco Minas, Jalisco, Mexico. The new facility’s high efficiency expansion will raise full production capacity to 500 ton per day (tpd), a more than 8 fold increase from the current 60 tpd production level, by the end of 2013.

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Mike The Pike Productions, Inc. MIKP

MIKP was a play from our August 16th extended watchlist, which reached new highs yesterday after making a nice move. Being as low as .0005 following our alert, yesterday’s high (and close) of .0023 marks gains of up to 360%

If we see a consolidation here, we’d like to see MIKP hold .0019 as a level of support. Previous highs often serve as future support levels, and if .0019 can hold, we might see a significant bounce off of that price point. Other key key levels are the 50 and 100 DMA’s of .0015 and .0012 respectively.

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BBDA, AAPT & KMAG

Even though gains were not huge yesterday, each of these stocks were in the green yesterday. Past gains from these have been substantial, and thus we continue to keep these plays on our watchlist.

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Extended Watchlist:

VDSC, MFTH, SGLB, CTYX

PPHM | Peregrine Pharmaceuticals Inc & Extended Watchlist

Peregrine Pharmaceuticals, Inc. PPHM

We’ve had PPHM on our radars for the better part of a month now. In that time, there has been quite a few opportunities to get in and out at a nice profit. At the time of our first alert, on August 14th, it experienced one of its biggest volume days ever, trading over 12.5M shares.  We reminded our members of PPHM’s explosiveness last Thursday. On Friday, the stock traded a whopping 29M shares, accompanied by a significant price increase. The stock touched a low of 2.68 before surging 90% to 5.08, and closing at 4.50. With all of the increased interest and activity, we want to keep an eye on PPHM moving forward.

The company had a lot of news out last week outlining various developments, including its intent to release financials today, premarket.

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Side Note: The APPL $680 Calls that appeared in our extended watchlist on Friday, at one point ran from .90 to nearly 3.00. Apple options continue to be an ongoing source of profits for us.

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Extended Watchlist:

MDHI, BBDA, AAPT, KMAG, SRGE, EGCT, IGC, MGM, P

MDHI, EGCT & Extended Watchlist

 

Medical Alarm Concepts Holding, Inc. MDHI

MDHI had a strong performance yesterday, achieving higher highs and lows on more than twice its 3mo average volume. The chart continues to look strong indeed, giving us reason to believe that we could be experiencing a multi-day or even multi-week play.

Yesterday the price breached a key level of resistance we pointed out in our morning report (.0053), at one point reaching as high as .006. That brings the total possible gains since we first began talking about MDHI (@.003) to a full 100%

We’d like to see the resistance level broken yesterday at .0053 hold as the new support level. Accum/Dist is still on the rise, and the RSI & Slow STO are climbing toward the powerzone.

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Ecologic Transportation, Inc. EGCT

Those of you that are new to our newsletter should get yourselves familiarized with EGCT. We have been covering this stock on and off since July. The stock has since made two nice runs for us from the low .20’s to the mid-to-high .40’s. It will continue to be on our radars, especially as we wait in anticipation for further details on the company’s currently progressing acquisition of the reknowned ACE Rent A Car company.

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Side Note: SRGE proved yesterday to be a worthy addition to our extended watchlist, surging from a low of .0026 to .0044 before closing at .0032, making gains of up to 69% possible in the interim.

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Extended Watchlist:

SWHC, NOK, ROSG, PCFG, AAPL $680 Calls (Options)

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