Proteonomix, Inc. PROT
PROT hit a high of 4.00 on Tuesday, before receding back to 3.20. With all of the gains that the stock has been racking up, it is to be expected to see a bit of a course correction here or there. So, much like some of the other stocks on our watchlist, we are sitting in careful observer mode in order to eye the next possible entry point.
Exit Only, Inc.EXTO
As we’ve seen before, and stated in yesterday’s newsletter, there is going to be a bit of resistance in the .008-.009 range, but we are still counting on EXTO to break over a penny. In all honesty, we believe that EXTO could attain new highs in 2012 (previous high .0129)
Seven Arts Entertainment, Inc. SAPX
SAPX remains high on our watchlist this mid week, after it was confirmed on Tuesday that the company will be acquiring two as yet unreleased albums by multi-platinum recording artist, DMX.
LOS ANGELES, CA, Jan 24, 2012 (MARKETWIRE via COMTEX) — Seven Arts Entertainment Inc. (NASDAQ: SAPX) (“Seven Arts”) announced today that it has executed a definitive agreement with David Michery to acquire his music assets. Mr. Michery is a music industry veteran with an extensive track record of accomplishments. The acquired Michery assets are comprised of recording agreements with several artists, including two completed albums with multi-platinum artist DMX. Seven Arts also announced that “Undisputed,” the first of these two completed DMX albums, is scheduled to be released in the United States in the second quarter of 2012 through Fontana Distribution, a division of Universal Music Group
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We are of course still monitoring all of the stocks that have appeared on our watchlists recently, which in addition to today’s featured stocks, include SVMI, VHGI, BNVI.