Friday, March 14, 2008
Take a look at these stocks this weekend - CIRT, AMHD, FRAE, CDTR
CDTR looks ready for a significant run. The company recently moved back to the OTCBB and in its most recent filing shows roughly $6 million in stockholders equity. Not bad for a stock trading at $.05 a share. Also insider holdings are increasing here, and at a very nice clip. Click this link for a list of the insider transactions http://finance.yahoo.com/q/it?s=CDTR.OB Finally the chart is showing some tremendous accumulation. This was also evident when we picked GWTR at $.0015 a share. It recently traded as high as $.012. CDTR could also post a similar run.
FRAE zoomed ahead today on some significant volume and speculation. This stock could head into the pennies on Monday just based on the way it traded late Friday afternoon. Add this stock to your watch lists and be sure not to chase if it starts to really take off. There will be a lot of profit taking on Monday as well so the initial gap higher could be short lived.
AMHD should continue to garner interest this weekend. I expect a higher open on Monday and a possible break of $.003. It looks like there are a lot of people still selling from lower levels. Once the stock rids itself of those holders it should move higher. Of course a press release from the company would help move things along.
CIRT touched its 52 week low again today. We are still waiting for some update from this company. The share count is manageable at 133 million, most of which are likely restricted or in the hands of investors willing to wait it out. After two days of excellent accumulation the stock stagnated. With a tighter spread the stock should resume its move higher. Keep a close eye out for news as this would push this stock up very quickly.
Have a great weekend and check out our BRAND NEW INVESTMENT COMMUNITY http://www.pennystockforum.net
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