ANTS exploded yesterday on high volume, as it seems we’ve once again caught a momentum play just in the nick of time. The stock hit a high of .0061, and closed at .0055, for a 67% gain on the day.
With the momentum that we saw yesterday, we wouldnt be surprised to see that carry into next week, so for the time being, ANTS’ spot on our watchlist is reserved.
THQ, Inc THQI
THQ is a bottom play that we wanted to add to our watchlist this morning. It isnt very often that this sort of bottom opportunity is presented by such a well-known company, but video game developer THQ is certainly a name that we have heard before.
Back in early December the stock took a downturn from 1.80 to the 1.40’s, before a large gap-down from 1.46 to 1.21. The stock has recently bounced off of its low of .63, so we’d like to see a continued recovery to 1.20, where we could see that gap filled back up to 1.40. We don’t see this stock staying under a buck for long.
Mustang Alliances, Inc.MSTG
MSTG has closed near its high of day for 3 of the past 4 days. Yesterday the stock closed just two cents shy of recent highs that we predicted would be reached again. We are now in a position of having to raise the bar, so to speak, after a recent MACD cross, a move past these levels could create a definite blue-sky situation. Thus far MSTG has afforded us the opportunity to make an 18% gain, but the biggest gains we believe are yet to come.
ANTS is a bottom-play that is showing some serious signs of life. The stock is trading heavily off of its all-time low, as it seems accumulation is beginning to pick up. This is definitely a stock that we want to keep on our radar moving forward, perhaps even in a more long-term sense, for if it can regain even a fraction of its former value, good times will be had by all! See what we mean by taking a look at the chart:
The main area of resistance from this vantage seems to be .0075. A break past that point, and it should be smooth sailing all the way to Pennyland.
MSTG was as low as 1.04 after our first alert, and closed at its high of day yesterday(1.15) for an 11% gain. When we first added it to our radar on Tuesday as a momentum play, we mentioned that we would like to see it return to its recent highs of 1.25. We are half way there, and at this rate our goal looks attainable.
Convenience TV Inc. CRPZ
There is always an open invitation to our readers to send in their trading ideas which they believe have value. This morning, a tip of the cap to Mike, for calling our attention to CRPZ.
It appears as if CRPZ qualifies for bottom play status, trading very close to it 52-wk low of .0014, making now a good time to take a look, thanks again Mike.
Fero Industries, Inc. FROI
On Dec 23rd, we added this stock to our watchlist, at which time, it was trading at .0082. That same day it high a high of .013, for a 62% gain.
The stock closed at a penny on Wednesday, still holding 22% percent of its previous gains. There was a recent MACD cross, and this chart looks like it is shaping up nicely.
SNPY raised a lot of eyebrows on Tuesday, as the stock began to heat up, pushing close to its 52-wk high just shy of .08. Our timing in entering the fray on SNPY seems like it might be just right.
Sino Payments provides standalone ecommerce processing capability. Sino Payments’ proprietary IP transaction processing system (SinoPay GPP) converts processing systems from dial-up to a seamless IP transaction process, reducing credit and debit processing times at checkout. Sino Payments main focus is providing IP credit and debit card processing services in China and throughout Asia.
With the percentage of retail businesses in China without a credit processing agreement being anywhere from 60-80%, and Chinese retail spending on a dramatic rise, now is a great time to look at a company like Sino Payments, that can offer a way for us to profit from increased consumerism in the world’s most populous nation.
The last time we mentioned DGHG, we were hoping for a recovery back to the 1.00 level, and indeed the stock closed at a dollar yesterday. If you recall, the stock has been as low as the .70’s and as high as a 1.50 since we first took notice. There have been a few chances to profit off of this stock, and we feel that this level is a good one to begin looking to DGHG once again, especially in light of recent developments as outlined in the following PR.
ORLANDO, Fla., Jan 23, 2012 (GlobeNewswire via COMTEX) — Diversified Global Holdings Group Inc. (OTCBB:DGHG) announced today that its wholly owned subsidiary Technostroy has signed several new contracts for 2012. These contracts are expected to provide Technostroy with revenues of over $6.5 million dollars. The work will involve four well known Russian construction companies: “TAIF ST” Ltd., “Gorvodzelenkhoz” Ltd., “Modulstroy” Ltd. and “KamGesTeploeNergoStroy” Ltd. Technostroy’s responsibilities will include the construction of school facilities and a multi-level parking garage for the city of Kazan, the construction of storage facilities for Kazan’s international airport and concrete fabrication for Kazan’s 45,000 seat “Lily” Stadium. This stadium will be Kazan’s foremost sports facility hosting such prominent events as the XXVII World Summer Universidad 2013 Games and the 2018 FIFA World Cup. The stadium will also be the home to Russia’s Premier league football team FC Rubin.
Atrinsic, Inc. ATRN
Yesterday ATRN underwent a slight consolidation, as was to be expected following 500%+ in gains. If yesterday’s low of .0671 can hold as a level of support, the chances of ATRN to see added gains will continue to persist.
SNPY is one stock that we simply had to mention this afternoon. With a beauty of a chart like this, it was impossible to ignore.
As you can see, there are several indicators of further gains in the making. If you notice the recent movements of the RSI it would appear that a trend of spikes into the power zone is ongoing, with each corresponding to a rise in PPS. In addition, we can see two recent golden crosses, and a bottoming of the accumulation and distribution. All of that combined with the MACD indicating a continued uptrend, and one can see why we call this a beauty of a chart.
