Wednesday, May 12, 2010

Thursday's Stocks To Watch - TCLIF, SPAL, CIND, SSWC, FRGY


TCLIF this formerly bidless stock should get some attention tomorrow. I expect the $.0002 price to come under some serious pressure early in the session. They could go rather quickly bringing the $.0003/$.0004 prices into focus.

SPAL some late day buying at $.025 thinned the sellers out, and helped paved the way for more gains heading into Thrusday. Remember this is a reverse merger stock, one that could be press released at any time. With the low share count any news would propel this stock 5 fold from current levels. This makes this stock one to watch in 2010.

CIND had above recent average volume today. Shares are getting tighter buy the day and market makers, at some point, will have to fess up and start covering.

SSWC sits at $.0002/$.0003, but not for long. I have already outlined what I think lies ahead for SSWC. I suggest you read this: http://pennystockgurus.blogspot.com/2010/04/sswc-merger-on-horizon.html, it is more relevant today than the day I wrote it.

FRGY has formed a solid base at $.0009 and $.0010. I think these are good prices to accumulate before the next run higher.

1 comment:

Anonymous said...

Any idea how close this R/M is?