FB (Facebook), GMXS, EMWW & Today’s Extended Watchlist

Facebook, Inc. FB

Here’s our take on FB. As a service used by a sizable portion of the free world, and all of the excitement being kicked up by today’s IPO, it would seem reasonable to expect the stock to trade like a beast out of the starting gate, BUT (and here is our word of caution)- We will not be getting married to FB stock in its early trading days, as we feel that once the initial hysteria dies down, FB will be subject to a large consolidation.

For the short-term, we feel that taking quick profits, and adopting a cautious attitude will prevail. As far as the long-term is concerned, it seems unlikely that Facebook will hold its initial gains.(which could figure to be pretty substantial). So what we are looking at here, is a bit of a double-edged sword, but leaving out all emotion and trading smartly could make a play at this new stock worth our while.

____

Gemini Explorations, Inc. GMXS

GMXS had another nice performance yesterday on the heels of a post-market announcement made by the company Wednesday.

We saw gains on the order of 47% on its second highest volume day ever, trading 369,000 shares, just 20K shy of the all-time high.

The stock closed with strength Thursday, finishing at it’s high-of-day, and having broken through the 50MA. The next key levels of resistance will be the 20MA (.08), and the 52-wk high of .10, however beyond that, we’re in blue-sky breakout mode, and traveling into uncharted waters.

From yesterday’s close at .078, to the previous ten cent high, would represent a gain of 28%; nothing at which to bat an eye.

____

Structural Enhancement Technologies EMWW

Winners, winners, everywhere! EMWW saw another green session Thursday, also having closed at it’s HOD (.0098), up 30% on the day.

____

Extended Watchlist:
ATRN, MHYS, VPER

RENU, IDOI, & Today’s Extended Watchlist

Renuen Corp RENU

RENU had a record volume day on Tuesday, cleaning out what appeared to be old sellers leaning on the stock.

At yesterday’s HOD of .0046, we’ve already witnessed gains on the order of 188%

RENU rose above its 200DMA never looking back. The RSI is currently sitting at 67, ready to breach the Powerzone. The PPO recently crossed, and is kissing the 50DMA, looking like it wants to surpass that, as we’ve highlighted on the chart below. The Slow STO also crossed recently, pointing North after surpassing its own 50DMA.

Along with the recent increase in volume, it appears RENU is running with the bulls. We’d like to see it hold above its 200DMA moving forward.


_____

IDO Security, Inc.

IDOI has been making higher highs and lows ever since it bounced off its 200DMA at .34.

All the moving averages are steadily climbing as you can see below. The 50DMA recently crossed the 20DMA, and the 100DMA is setting up to do the same.

The RSI is showing strength, having just passed the 50 mark, and looks likely to cross above its 50DMA.

The PPO looks ready to cross as well, with the histogram about to flip up topside.

The Slow STO is exhibiting similar signs, and also heading for the powerzone.

____

Extended Watchllist:
MHYS, VPER, EMWW, BMXI, VNDB

VPER, RENU, DOMK | Midday Updates

Viper Networks, Inc. VPER

Once again, we timed the bounce on VPER just right, with the stock hitting .0031 this morning; nearly a 100% gain from Friday’s low.

We have since seen a pullback, where a higher level of support has been found. We like the addition of this morning’s PR, and hope to see the LOI executed. We look forward to updates on that situation.

____

Renuen Corp. RENU

RENU first appeared on our Extended Watchlist on April 30th, at which time the stock was trading just off its 52-wk low at .0016.

Today we saw an increase in volume on the stock, to the tune of greater than 5X its 10-day average. At its current price of .0033x.0036, it is currently up over 100% from that low.

____

DoMark International, Inc. DOMK

New to our radar today, DOMK turned out to be yet another well-timed alert on our part. The stock gapped up today to open at 3.44 (from 3.16), hit a high of 4.71, dipped to find support at the 3.75 level, only to then bounce back, and is currently trading in the low-to-mid. 4.30’s.

Savvy traders could be walking away with intraday gains in excess of 50% for their efforts to properly time this play. In the meanwhile, record volume has traded, with over 3.2M shares changing hands. We most certainly want to keep this, and today’s other plays on our radar.

VPER, DOMK & Today’s Extended Watchlist

Viper Networks, Inc. VPER

It looks like our bottom call of VPER on Friday was good timing. We saw a gain of 14% yesterday,

From Friday’s low of .0016, to Monday’s 0024 close, we witnessed a quick gain of 50%

Today’s News:
DETROIT, May 8, 2012 (GLOBE NEWSWIRE) — Viper Networks, Inc. (Pink Sheets:VPER), is pleased to announce that the Company has taken a significant step to enter the U.S. energy sector by signing a Letter of Intent (LOI) with Aequitas Energy, Inc., a profitable energy reseller based in Connecticut that will soon be operating in multiple deregulated northeastern states. >>> FULL STORY
____

DoMark International, Inc. DOMK

DOMK is this morning’s blue-sky momentum alert. We like this company that operates in a trendy space; Solar powered iPad accesories.

There is a lot of activity surrounding this stock, so we just wanted to put it on the ol’ radar screen this morning.

Check out the website for more info.
____

Extended Watchlist:
ECDC, GWBU

VPER, HBRM, ICPA, EMWW & Today’s Extended Watchlist

Viper Networks, Inc. VPER

On Friday, we mentioned that we were looking for VPER to find a bottom, which it did, at .0016. The stock closed at .0021, which was down from the previous day’s close, but still up 32% from the day’s low.
____

Herborium Group, Inc. HBRM

HBRM began to start showing some strength again on Friday after the recent consolidation. The volume flowing through the stock on Friday was impressive, trading over 60M shares. With news out this morning as well, it will be interesting to see how HBRM fares.

News Out:
TEANECK, N.J., May 7, 2012 /PRNewswire/ — Herborium Group, Inc., (PINKS. HBRM) www.herborium.com, a Botanical Therapeutics® company, reports today, that preliminary 2nd quarter 2012 revenue sustained a record breaking increase of 40% for its first two months, in comparison to the same two months of 2011.  This most satisfying sales growth is largely the result of an aggressive Social Media Marketing Strategy introduced by the Company in the fall of 2011. The same marketing efforts brought on 87% increase in the traffic on www.acnease.com  >>> FULL STORY
____

IC Places, Inc. ICPA

ICPA is another play that has undergone a bit of a consolidation recently, as was expected after the monster run it had from .0008 to .0585. (An unbelievable, incredible, astounding 7213% gain!)

For the past three sessions, ICPA has been making higher lows, leading us to believe that the consolidation is nearing its conclusion.
____

Structural Enhancement Technologies Corp. EMWW

EMWW has appeared on our extended watchlist a couple of times in recent weeks, as we prepare for the company to become current on its filings. The company is preparing all the necessary information as outlined in this attorney letter, released Friday.

We’ll be watching the news feeds closely for updates on the situation.
____
Extended Watchlist:
EVDR, RENU, GMXS

Get Our FREE Daily Reports!