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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