Thursday, March 10, 2011

Fridays Watchlist - ELRA, APRM, SRNW, GRBG

ELRA news out after hours confirms an 8k filed late last month.  The company has basically undergone a reverse merger.  At $.021 a share this stock could see a nice run tomorrow after the open.

APRM the company released an update to shareholders showing a projection of over $12 million in revenue.  If they follow through on this projection I think APRM should trade well over $.01.

SRNW this stock rose swiftly late in the session posting a 166% gain.  This monetum should carry straight through to tomorrow's open.  Add this stock to your watch list.

GRBG a little over a month ago this stock did a 1,000 for one reverse split, essentially screwing over any of its loyal shareholders.  It popped nicely today, but at some point I expect it to trade down as history almost always repeats itself in this market.  Be wary of this stock at these lofty prices.

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