CHGS, DUSS & Extended Watchlist

China GengSheng Minerals, Inc. CHGS

After appearing on yesterday morning’s extended watchlist, CHGS came screaming out of the gate, running from .19 all the way up to .35 (+84%). The stock consolidated, and followed that initial run with two subsequent bounces, one from .24-.35 (+46%), and another from .28 to the day’s high at .39 (+39%).

A tip of the cap to anyone who was able to take advantage of some of the nearly 170% in cumulative intraday gains provided by CHGS, which can be seen on the following chart:


Dussault Apparel, Inc. DUSS
DUSS was the addition we made to the day’s watchlist in yesterday’s afternoon update. Following that alert, we saw a low of .0012, followed by a 25% run-up to the .0015 high-of-day where the stock closed.

As you can see on the annotated chart below, the next key area of resistance to watch for a break resides at .0024. A break past that point would put us in blue-sky breakout territory.

PLEASE NOTE: DUSS is a play that we selected from one of our daily scans. We were not compensated in any way to feature DUSS in our reports, however, owners of this newsletter did purchase two million (2,000,000) shares out of the open market.


Extended Watchlist:
KERX, GERN, ODP, BORN, FB, AAPL, XNY, RMTI

PROP, FU, GOGO, AAPL & Extended Watchlist

Propell Technologies Group, Inc.   PROP

Last Wednesday, we began taking a look at PROP.  On Thursday, we mentioned that the stock had a hurdle at the 200DMA of .56 to contend with, and if it failed to break that resistance, we would likely see a pullback. The stock did indeed test that .56-mark, but could not break through to the next level, rendering our prediction accurate. From Wednesday’s low of .44 to yesterday’s high of .57 marks a 30% increase.

We’d like to see PROP hold support above .45 moving forward, and are anxious to hear more news from the company in the future regarding its oil production status. News out on Monday pointed to the company’s proprietary “plasma pulse” treatment increasing the production of one of the company’s oil wells by a significant margin.

HOUSTON, Texas, Oct 14, 2013 (GLOBE NEWSWIRE via COMTEX) — via PRWEB – Propell Technologies is pleased to report 6-month results from the first well that was treated with the company’s proprietary plasma pulse technology in the Tulsa, Oklahoma area.
Cottonwood #9-11 located in Creek County, Oklahoma was drilled to a depth of 2667 feet in December 1967 in the Redfork Sandstone formation with initial production of 35 barrels of oil per day (BOPD). For the several years prior to treatment the well had been approximately a one or two BOPD producer.

The plasma pulse treatment was performed on March 28, 2013. Immediately before treatment the well was barrel tested showing 1.4 barrels of oil per day. Thirty days after the plasma pulse treatment, a barrel test showed Cottonwood #9-11’s production had jumped to 5.5 BOPD where it had held fairly steady with a substantial increase in production.

On October 4, 2013, six months after treatment the well was barrel tested showing a rate of eight (8) BOPD, an increase of 408%. The well was barrel tested again on October 10, 2013 and showed an even higher rate.

Currently BARCHART.COM is giving PROP an 80% “Buy” Rating on Short-Term Indicators.

More Info – http://www.propell.com/


Fab Universal Corp. FU
After providing us with a 28% intraday gain on Monday, FU did actually manage to continue piling on gains Tuesday, before closing out the session slightly in the red. The stock touched 7.83 for a time, which marks an increase of 43% off of the 5.46 bottom we observed on Monday.

This week’s run comes on the heels of a previous consolidation, which resulted from a run spanning a period of a few weeks which took the stock from the $4-range up to 11.48. On the current consolidation, we’d like to see support hold at or above the 50DMA (5.34).

Gogo, Inc. GOGO

GOGO, like FU, is another stock that recently made a significant surge, and is currently in pullback mode. This is an instance where monitoring for a bounce off of the eventual bottom can provide us with the opportunity to make hefty gains on the rebound. The stock has been hunkering down, and building a solid base at the $16-range. Below that we have support at 14.05 (50DMA), and above, resistance sitting at the 20DMA of 17.27.


Apple, Inc. AAPL – Big News

Yesterday, Apple made the announcement that it would be enlisting the help of Burberry’s CEO, Angela Ahrendts, as head of retail operations. This is a development that we will be following closely. Ahrendts is responsible for increasing Burberry’s sales by more than 100% since 2006. This development could mean a serious boost for AAPL over the long term.
Not only does the hiring end a year-long search for a new head of retail operations, but it marks the first time a woman has served on the AAPL Board of Directors.

In other news, Apple earnings are expected on Monday, October 28th, so on the options-trading side of things, we are beginning to monitor the 11/01 $505 & $510 Calls.


Extended Watchlist:
CHGS, GSS, CAK, BORN, SUTR

AAPL, CTXV & Extended Watchlist

Apple, Inc. AAPL – Options
Apple surpassed the $490-mark yesterday, as we suggested it might in Friday’s newsletter. Impressive iPhone sales seem to be the catalyst here as the stock gapped up yesterday and saw a daily high of 496.91, revealing the $480-$485 Calls that we were monitoring as multi-bag gainers.

To determine our next course of action, we are going to want to watch AAPL’s attitude closely; resistance at this point appears at $498 & $500. Failure to breach those levels could result in a consolidation for which we need to be prepared.


CTX Virtual Technologies, Inc. CTXV

We have CTXV on our long-term watchlist, and while the stock is fairly illiquid at this point in time, we like the idea and business plan behind this one enough to monitor its situation going forward.

CTX manufactures a variety of mobile communication technology including basic Cell Phones, PDA’s, Smartphone’s, Printed Circuit Boards and the worlds smallest fully-functioning PC, the MISEETX. CTX also manufactures and distributes it’s proprietary 3D electronic perception technology for interactive virtual computer keyboards.

In addition to logging almost $50M in net sales for the last reporting period, the company recently received the go-ahead from BlackBerry to begin using the BlackBerry compatible logo on their VK 200 Keyfob(TM) input devices.

MORE INFO @
http://www.ctxtechnologies.com


Extended Watchlist:
EXMT, APP, GOGO, DRYS