Thursday, October 14, 2010
Friday's Stocks To Watch - EIGH, PRGJ, BGOI, STAU
AWYI this stock is still active, and could reemerge as a big runner at some point in the near future. It traded over 25% of its authorized shares and I think it will gain momentum in the days and weeks ahead. This was a $.012 stock two years ago.
EIGH it's not fun watching other people lose money, but it is a dog eat dog market and as long as your not the one wearing the milk bone under wear you should be ok. Once EIGH's press release hit the wires at 2:20 EDT trying to figure out where the bottom would be as some traders scrambled to liquidate while others set limit orders hoping to catch the proverbial falling knife. Tomorrow should be more of the same. If I had to guess we test today's lows but don't break them in a volatile session.
PRGJ closed at $.0325 today and exactly one month ago I wrote this about PRGJ: this stock is sitting near recent lows. The last time it was at this level it surged over 100%. At $.007 this stock could see a 200-300% gain from here just on valuation alone. I like when I am wrong 150% to the upside.
BGOI looks to be working its way higher in a methodical fashion. This stock looks eerily similar to USOG before it ran 600%+.
STAU record volume for this stock did little to move it as market maker PENA has decided to sit on the ask with a seemingly unlimited supply of shares. I like this stock. I like the story and products behind it. If/when PENA and the dilution come to an end this stock should post a nice run. I think at $.0006/.0007 there is a good chance of seeing 300 - 400% at some point.
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