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BBDA had another monster day on Monday, hitting a new high of .0078, closing one tick below the HOD at .0077, on increasing volume. Earlier this week, we stated in our video chartof BBDA, that once the resistance at .0039 was broken, this stock could have a shot at Pennyland. We are sticking with that assessment, with the momentum that we’ve seen, and given the way this stock has traded recently.
KMAG is another subpenny favorite that has been on a wicked tear since last week. It was trading as low as .0075 on Friday after we added it to our extended watchlist.
Yesterday’s close of .0011 represents a 47% gain.
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Medical Alarm Concepts Holding, Inc. MDHI
Both BBDA and KMAG had been on runs, consolidated, and are now starting to bounce and run again. MDHI is very similar. Yesterday we began to see higher highs and higher lows.
Should MDHI break yesterday’s resistance of.0035, then the next key resistance is going to be the 100DMA of .0042.
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Added Note:
The AAPL Calls we mentioned for the past week have done very well, as well as NOK. We will continue to monitor these.
BBDA has been a crowd-favorite for some time now, and for good cause. The stock has performed very well since we’ve been following. On Thursday, we mentioned that a break of resistance at .0039 could lead us into blue sky territory. On Friday, it did just that, touching a high of.0048 before closing at .0045. That leaves the amount of gains we’ve seen out of BBDA at well over 200%
EGCT is fairly new to our watchlists, and has already had quite a showing.
On Friday, the stock traded over 3.5X the 3mo. average volume. Increased volume is often an indicator of forthcoming gains, so we definitely want to monitor this one closely as we begin this new week.
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Medical Alarm Concepts Holding, Inc. MDHI
We are bringing MDHI into the mix today as a bottom play. The stock has recently come down off of a high of .0094, to find support in the .0025 range. Prior to that high, the stock traded as low as .002.
MDHI’s past shows us that it is clearly capable of impressive runs, which is precisely why we want to pay close attention while it is at a relative bottom.
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Extended Watchlist:
KMAG, NOK, OXGN, PSTI, TLON
(AAPL August 10 $615 & $ 620 calls which closed at 6.10 and 4.15 respectively)
AAPL worked well in our favor last week, breaching that $615 mark that we were shooting for; not only did it touch $618 but appears as if it wants to gap up today.
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.