Tuesday, April 6, 2010

WTMK - Whitemark Homes, Inc - A Stock To Watch In April

WTMK has reorganized and, with a pending merger just about finalized, looks ready to post gains this month.  The stock has started to mount a rally, that will likely gain momentum in the coming days.  Today the stock closed up 94% amid heavy volume.  With only 100 million shares authorized, and nearly 10% of that traded today, you can expect continued demand to push the price with greater ease, as investors hold on for bigger gains.

WTMK has been reinstated at their Secretary of State on March 31st, only a week ago.  This confirms that the merger is indeed almost finalized and I would expect a press release stating such in the near future.  It also signifies that this is the start and not the end.

I would think a short term target would be today's high of $.01, although I wouldn't rule out a run to $.02 or better with a press release confirming the finalization of the merger.  This merger will bring with it millions of revenue and bolster the intrinsic value of WTMK shares.  This scenario has yet to be fully reflected in the price of WTMK stock.



Place WTMK on your watchlist, it should make for a profitable trade over the next few days and weeks.

1 comment:

Anonymous said...

Hey Bob, just a new subscriber in your blog. What do you think is going to be WTMK direction? I am also holding EKWX. Thanks