ILGY International Energy Ltd.- We'll post a chart shortly on this one. It's 52 week low was hit recently. Much like PMCL last week the volume in the afternoon was strong and mostly buys. It started the day at .0004 and finished nicely at .0006 . This was the stock I was talking about watching this morning. This is our next 100% - 200% stock. The bid is at .0005 and the ask is as .0006 so the .0005's are still there, but we don't think they will be there for long. Check out this PR form the end of January.
CEO David Watson stated: "The oil fields being considered contain proven reserves of 140,000,000 barrels of which our Company is entitled to 70,000,000 barrels by virtue of our joint venture with the Kazakhstan government. At US$30 per barrel, this translates into US$2,100,000,000 in revenues for our Company, and on a discounted basis, this could add at least $1 to our share value."
It catapulted this stock to .005 . If that happened this week that would make this stock pick a ten bagger. Not to mention tensions with Iran are sending oil through the roof. The moons are aligning for a perfect storm. This stock is also on the naked short list, just like PMCL.
We are going to be a little more conservative here. We are looking for .001 by weeks end. Please do your DD
PHEI Phantom is a stock in trouble. Beware here. This is a gamble at best, but how many pink sheet stocks aren't some sort of gamble? The risk equals the reward and of course you don't make a lot of money if you don't take risks. If you can get in at less than .0012 then you might be in for a nice run. This stock is also manipulated and shorted to death. Buyins.com recently gave it a short squeeze trigger price of .032 - so if it somehow makes it there watch out for a massive squeeze. Of course we will all be happy if it makes .0032!
NMKT New Market is actaully a much more stable play. They have solid revenues and those revenues are growing. The stock moves slowly and methodically, so you won't be caught with a huge bid ask spread. You can buy and sell without affecting the share price.... which is nice. The stock has been gradually increasing in value over the last few months. So don't expect a huge profit right away from this one. But within a month look for it to test new high's, which would be a pretty 50% gain... if you can wait it out!
Lastly we still feel RSDS is going to run. It has been holding a small range the last few days. It will remain our stock pick, but also keep you eye on these 3 stocks. With a PR to fuel it ILGY might run and with oil prices rising who knows where it might stop.
Have a good weekend and discuss this article at http://www.pennystockforums.net
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