When trading penny stocks it always pays being first. This means finding a stock that looks poised to run and buying it before everyone realizes the potential gains. This is a very profitable way to trade.
The Pennystockguru has brought you many of these... shall we call them, "before the crowd" stocks. CENV was an example. PCGR another. Both surged 1,000% higher from our initial price levels.
The Pennystockguru thinks he's found another stock that looks poised to post a significant return in the short term. The stock ticker is DMPD. The company issued a press release to very little fanfare today. Barely 300k shares printed today even after issuing a press release that could signify some increased attention for the stock. The company also updated Pink Sheets concerning their share structure. Transparency, we love transparency.
Right from pink sheets. The date is the important part. The company would not update Pink Sheets if they didn't think a whole set of new eyes would be on the stock.
Outstanding Shares
239,907,352 as of Oct 28, 2009
Authorized Shares
300,000,000 as of Oct 28, 2009
Expect the complete lack of attention concerning DMPD to change over the next few days and weeks. Today's Press Release was ignored by investors today, but it looks like DMPD could be a stock that deserves your attention going forward.
A short term target of $.005 is not out of the question considering volume and price action this year. A push to $.01 on a positive press release could be a possibility.
Keep DMPD on your watch list.
Kurt Cockrum Re-Assumes Leadership Role
DM Products announced today the re-appointment of Kurt Cockrum to the Board of Directors. Having stepped aside as Director and President in 2007, Mr. Cockrum has accepted the offer to return as Chairman of the Board of Directors, as well as President. James Clarke, DM Products current Chairman and President, will remain on the Board and hold the positions of Secretary and Treasurer.
Mr. Cockrum has over 33 years of extensive business experience and has a proven success record as an entrepreneur. He has worked for Interlake, Inc., the world’s leading Materials Handling equipment supplier from 1973 thru 1983, and founded Kacee Construction, a subsidiary of Cockrum Enterprises. “We are excited for the return of Kurt. Although he actively remained a vital part of the company as Vice President of Operations, his leadership at the top was greatly missed,” said James Clarke, former President. “We all know and appreciate his background in business operations, human resources, sales, financial planning, distribution and fulfillment. As we move forward, he is the obvious choice to lead the charge,” Clarke added.
Mr. Cockrum has been involved with numerous organizations throughout his community, volunteering and helping out with youth organizations, church activities, and serving on various boards and committees. He is presently serving in an advisory capacity to Pacific Lutheran Theological Seminary in Berkeley, California.
“I am excited to re-assume my role as Chairman and President. I believe in this company and intend to devote my entire energy towards its growth and success,” said Mr. Cockrum. “Our future seems promising. As Vice President of Operations, I never lost sight of our mission, and have always remained hands-on in the daily matters of the company.”
DM Products, through its wholly owned subsidiary, Direct Success, Inc., develops, finances, produces, markets, and distributes unique and innovative health, beauty, fashion, fitness and other products for sales through infomercial marketing and distribution channels.
This press release includes certain statements that fall within the definition of "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties, overall economic and market conditions, competitors' and clients' actions, and weather conditions, which could cause actual results to differ materially from those anticipated. Accordingly, such statements should be considered in light of these risks. Any prediction by DM Products is only a statement of management's belief at the time the prediction is made. There can be no assurance that any prediction once made will continue thereafter to reflect management's belief, and DM Products does not undertake to update publicly its predictions, whether as a result of new information, future events or otherwise.
4 comments:
UTYW is another one, nice share structure situation awfully cheap.
So you really think this could run? The share structure is set up to do it. Iv been watching it since your alert. No sure when to jump in or if I even should.
It is a stock to watch. Most of these stocks are to be bought, if you decide to make that choice, with money you can AFFORD to lose.
DMPD looks to be preparing for some press and company developments. It may never happen, but if it does this stock could see a lot more attention.
UTYW is just someone pushing the price up of a dead shell stock. If you do buy shares expect a thin trade in either direction.
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