Tuesday, January 11, 2011
Wednesday's Stocks To Watch -TLAN, CIST, GWTR, ACTT
TLAN it was nice to see the bulls get behind this stock today. The recent pull-back provided a great opportunity to get into this stock and now it looks ready to resume its climb. Remember the company has reduced the float, so there is less shares available for trade, meaning if the demand rises for shares, the reduced supply will lead to a sharper rise in price. Late last year TLAN shares were valued at $.05 for an acquisition. With the company on the cusp of profitability I think shares are vastly undervalued.
CIST this stock looks to be working its way higher after a dramatic fall in price from $.05. It could see a nice rally from here. Just looking at the chart $.005 would be the next logical target for this $.0018 stock.
GWTR it was nice to see this stock hold most of its gains today. This stock has had virtually the same share structure over the last 3 years. That tells me that whatever dilution they have planned has already been done and that the share count is likely maxed out. I think with just modest buying pressure this is a stock that could see $.003 and better in short order. Also today's patent news added some dry logs to the fire. Add GWTR to your watchlist if it isnt already there.
ACTT the chart is looking great for this stock. It recently posted some merger filings on its Secretary of State and could be coming more active in the investment community. This one bears watching going forward.
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