Monday, May 10, 2010
Stocks To Watch Tuesday - SPAL, RNWF, CIND, NWTT
SPAL I feel good about this stock. It has held recent gains and looks poised to make a big move higher. Reverse merger news could hit the wires at any time going forward which would vault the stock some 500%+ from today's close. With the low outstadding and authorized share count SPAL is a great opportunity at these prices.
RNWF came under pressure early in the session and just couldn't recover. I think today's action was an abberation and anyone who bought on this dip will be rewarded throughout the week.
CIND another insider purchase related in a Form 4 filing late last week could be the start of more filings down the road. If shares of CIND continue to get purchased by insiders on the open market, things could get very interesting. A solid base has been established at $.045. The next push should take CIND to $.08. From there it should test recent its recent 52 week highs.
NWTT this lotto play looks ready to post significant gains this week and beyond. The company released its financials recently, and looks ready to become active again in the investment community. I think the stock will post a 100-200% gain from today's close and break $.001 at some point this week.
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