Tag: RSH

PROT, VRNG, APPL, RSH | Today’s Stocks

Proteonomix, Inc. PROT

PROT had a positive day on Monday, gaining 12.9% on the day, opening at the low of day at .62, and closing at the high of day at .70.

From July to September this stock made a drastic move from .40 all the way up to 2.95. Following that big run, we observed a sharp selloff, and a subsequent gap down. On October 1st the stock was at 1.60, and on the 2nd, it opened at .70. It then retraced to its original support level at .40.

We would now like to see PROT break past the .78-.88 range, because as you can see on the chart above, there is a large gap to fill on up to 1.40, so we really want to pay close attention moving forward so as not to miss that possibility.

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Vringo, Inc.  VRNG

VRNG is another well timed hot stock from our watchlist yesterday that is really performing nicely. Opening at 4.90, and hitting a high of 5.57, made possible gains of 14% during Monday’s session. The high of 5.57 also marks the stock’s 52-week high.

Volume and momentum has steadily been increasing over the past few sessions as the stock has begun to break out. While we enjoy playing a hot hand, it is always important to remember when it’s time to pull the rip-cord and protect our investing dollars. There is certainly always the chance that momentum will subside, and we just want to make sure to prepare our exit strategy in the event that the stock takes a turn for the worse.
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Apple, Inc. APPL

Apple has been undergoing a selloff, and we want to observe carefully for a turnaround. We will be looking to enter some Calls when that happens, as earnings are due later this month, and with this stock, there is always that tendency to run into earnings reports, especially with the new iPhone having just been released.

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RSH is hovering off of its 52-wk lows, a nice chance for a bottom play. We certainly need to keep an eye on Radio Shack.

MIMV, GLRP, PPHM & Extended Watchlist

MIMVI, Inc. MIMV

We are introducing MIMV to those of you previously unfamiliar with the stock. We are calling this play a hi-octane momentum mover; the company had news with tech supergiant, Microsoft, out yesterday and the PPS went bananas. It rocketed to its highest price since March, on record volume of over 26X the 3mo. average.

We want to continue to watch MIMV for a continuation of the huge momentum it built up yesterday.

SUNNYVALE, Calif., Sept. 25, 2012 /PRNewswire via COMTEX/ — Mimvi, Inc. (OTCQB: MIMV) has announced that it has finalized a partnership agreement with Microsoft Corp. The partnership will see Mimvi develop a number of products and services to complement Microsoft’s Windows Azure and Windows Mobile 8 Platforms. The agreement also involves Microsoft making investments in Mimvi in the form of engineering services, software, and cash. More Info at:

http://www.mimvi.com

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Glen Rose Petroleum Corp. GLRP

It has been awhile since we brought an oil & gas play to the table, and GLRP came across our scanner, as we were alerted by heavy volume increase over the past couple of days.

In addition to big volume and price increases, there appears to be a number of Form-4’s filed over the past year indicating large insider buying at premium prices well above current market value.This is definitely something to take notice of, and we will be adding GLRP to our watchlist moving forward.

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Peregrine Pharmaceuticals, Inc. PPHM

PPHM has been a beast for us, making a dead-cat bounce from .80 on Monday, and reached 1.87 yesterday. We want to watch closely as it continues its attempt to recover lost ground. It has been trading record volume over the past two sessions.

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Extended Watchlist:
EGCT, ICNB, RSH, SCMP,