Thursday, February 17, 2011
Fridays Stocks To Watch - NVSR, HLXW, PRMO, EXTO
NVSR this stock is in the midst of an impressive breakout. Three days ago NVSR sat quietly at $.02, today it hit a high of $.10 before closing at $.08 a share. This stock bears watching going forward, continued buying pressure could send this stock to $.15 or better.
HLXW pushed through the recent over hang at $.0007 to bring the $.0008 price into focus. I really like this stock for a nice upward move in the near term. The dilution appears to be over as the authorized and outstanding share counts are virtually identical. Absent a change in share structure additional money flow will put upward pressure on the stock leading to a higher price per share. Simply put: Supply and Demand. As long as the demand stays even and supply drops, the stock has no where to go but up.
PRMO if GTLL can burst higher on its latest string of press releases, then I have little doubt PRMO will perform similarly at some point in the near future. The company reported $4 million in revenue last quarter. $3 million in net income. Extrapolate that over a full year and you are looking at $16 million in revenue and $12 million in net income. This gold stock remains the cheapest in the entire stock market trading between $.0001 and $.0002 a share. It has a large share structure, but I don't think that will matter if investors start catching onto this stock.
EXTO closed at $.008 today. This is a stock I alerted at $.0003/$.0004. It has taken some time, but so do many of my picks and alerts. While everyone else is buying and dumping stocks, most of my picks and alerts stand the test of time. I think EXTO will continue to rally and bears watching going forward.