Thursday, March 24, 2011

Fridays Watchlist - ONCO, PPII, AGEL, LKEN



ONCO financials were released on Pink Sheets today.  Some pretty nice numbers including a 99 million share float.  Investors seemed to agree sending the stock up 27% on the day to close at $.0084, right at session highs.  I think we could see a continuation into the weekend.  Add this stock to your watch list.

PPII my pick is showing just how few shares are in circulation.  I think if the company does indeed update its shareholders via fresh news and/or filings, this stock could see a significant run from current prices. 

AGEL started the day with no bid and ended it trading at $.0002 on over 1 billion shares traded.  It is a stock that I view as a high risk, but then again almost everything in this market is high risk.  If the volume continues on the high end, then this is a stock to watch.  If volume drops tomorrow then this is a stock to forget.

LKEN speaking of volume LKEN has been posting record volume.  The stock has been in a tailspin, could the downside finally be over?  I don't know for sure, but volume was lighter than yesterday's sell off.  A bounce could mean a quick 75 -125% run for this stock.  I think ultimately it trades to $.0001 and no bid, but for now a run to $.0012 - $.0015 is a distinct possibility.

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