Wednesday, December 1, 2010

Thursday's Stocks To Watch - LKEN, PRMO, AWYI, KATX


LKEN I think this stock is starting to work its way higher after touching its 52 week low this week. We've seen how some of these "dump and run" stocks have performed, and it can be a violent performance. One that includes a rapid ascent higher. While it may just be a dead cat bounce, or it could be a longer term trend change, all that matters is the potential is there for gains of several hundred percent, which is why you read this blog in the first place.

PRMO those 7 market makers that were offering $.0002 yesterday had different thoughts today and wisely moved higher on the ask as they ran out of shares to sell. These triple zero stocks can take time to get going as investors accumulate shares at various levels. Today investors started accumulating the $.0003's and at the close only 4 market makers remained offering $.0003. You can already see how the supply of PRMO stock is shrinking, which means continued buying will only send the price higher. With the price of Gold continuing to climb, what better way to profit from this than buying a gold stock? Especially one I think people are finally starting to catch on.

AWYI the chart is a thing of beauty. The money flow continues and you have to think the next target is $.003. We could see that price by weeks end.
KATX I am surprised this stock is not trading higher than $.08-.09. This was a $.20 stock earlier this year when gold was trading at much lower levels. Anyone that's followed this blog that long knows I basically called KATX run from $.02 to $.26, so I am familaiar with this stock and how it trades. At these prices I think the odds are good of seeing a 125-175% short term return.

2 comments:

Paul Gamble said...
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Mathew Hidden said...

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