EGCT, APP & Extended Watchlist

Ecologic Transportation, Inc. EGCT

EGCT has been an interest of ours for quite some time, appearing in our newsletter for the first time on July 16th, at .30. We subsequently observed it run to .48 marking a 60% gain . After a period of about three weeks, we saw it pull back to .22, before surging 109% back to .46. It has been roughly another three weeks since we saw that high. On Tuesday we saw a new low of .20, and a high of .28. Yesterday we saw a low of .24 and a high of .32. Higher lows and higher highs often signify an uptrend, and in order for that to continue, we’d like to see EGCT hold above .25 today.

After a recent trip to China, EGCT’s CEO appeared on Stock Traders Talk Live in an exclusive interview that you may want to check out. We will be on the lookout for more company updates in the weeks ahead, as it has been awhile since we’ve received any other new information.

We have also prepared a short video presentation of the chart, our timing on this play has been textbook, so don’t miss this:

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American Apparel, Inc. APP

Opening at 1.30 yesterday, the stock hit a high of 1.50, gaining 15% on the day. We’ve liked this stock a lot since we first covered it back on December 27th, at .74. From that low, yesterday’s high marked as much as a 103% gain.

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Extended Watchlist:

AONE, MIKP, NOK,

 

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