Godfather Media, Inc. ENKG
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OPRX recently bottomed out near 1.00, and has been steadily inching up to its current level in the low 1.30’s.
We talked about OPRX back the second week of August, and outlined its long term appeal. After a run up and subsequent consolidation which gave us the opportunity to scoop reduced-price shares off of the bottom, we are now starting to see strength returning to the stock.
We still like OPRX’s long term look, and believe that a favorable 10-Q (due to be filed presently) could really give this stock a push in the right direction. We believe that this Quarter’s filing is going to be an improvement upon the last, so we are excited to view the document, and will certainly share any good news with our readers.
Side Note:
On September 30, 2011 a final arbitration award (the “Award”) was issued by an American Arbitration Association (AAA) arbitrator. According to the Award, OPRX is entitled to recover $202,500 from Beringea on the claim of gross negligence, and $88,000 for the costs of enforcing the agreement, including attorneys’ fees and expenses.
After seeing the promotion go out to several newsletters over the weekend, we should expect to see some heightened activity this morning, when coupled with the company’s release of new press.
MOORESVILLE, NC–(Marketwire -10/24/11)- Sky Power Solutions Corp., (OTC.BB: SPOW.OB – News) (www.skypowersolutions.com), an emerging leader in the development and marketing of next generation lithium-powered batteries worldwide, and a leading developer of residential Solar Concentrating, Electric Power Generation Systems able to produce in excess of 2 Kilowatts (kw) of electric power with ZERO emissions and sunlight as the only fuel including built-in heat capture to provide hot water to users was unveiled and is on display during SOLAR INTERNATIONAL 2011 (SPI) at the Dallas Convention Center. READ FULL RELEASE
We are going to want to keep ENKG on the radar for the time being.
SPOW is new to our report today. We’ve taken a look back into the stock’s history to find some impressive runs. Having traded over a dollar in July, it seems that SPOW found its bottom only yesterday near .30.
It seems there is a solid level of support here, and SPOW has begun its recovery, leaving us primed and ready for today’s session.
Sky Power produces Cathode Material for the use in Lithium Ion Rechargeable batteries. Li-ion Motors has successfully moved Sky Power Solutions’ nano and sub-micron materials from laboratory to industrial scale.
ENKG found a level of support at .0018 on Thursday, before closing at .0024. We alluded to the fact that the stock was searching for support as it consolidated in yesterday morning’s report, and that is just what ended up transpiring.
Technical indicators still paint this fund as bullish, and we are still expecting to see it recover some of the ground it lost recently coming down from more than $100
It appears as if there is a nice level of support in the 50-52.00 range. If the fund dips down to that level again, we will go back into acquisition mode, as that is where we would likely see another bounce.
This stock, in the triple-zero range just days ago, is now searching for support as it consolidates down to the .002-.003 level.
GSPT has been as high as .03 as recently as September, and as high as .075 back in June. A return to those levels would mean gains anywhere from 300-900% from here, and it does now seem like the stock is waking up off of a bottom.
Yesterday, we pointed out the similarities between GSPT and ENKG, chartwise. We feel that with the possibility for opportunity ahead, we will likely be covering these plays through next week.
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