Sunday, March 6, 2011

Monday's Stocks To Watch: HLXW, TLAN, PRMO, GRDO




HLXW
I think there is little doubt this stock will start Monday's session on higher ground. The stock has some impressive momentum going right now and there is really no telling when it will stop. Keep a close eye for a share increase as this would be one of the few risk factors for this stock. Absent this authorized share increase I think this stock has the potential to post a nice move from here.

TLAN I've like this stock for almost 3 months now. It's been a rocky ride from when I first brought it to my subscribers at $.0016 a share in December. It had a few rallies since then hitting $.005 and then ultimately $.0058 before closing Friday at $.0025 a share. I still feel the best days for this stock have yet to come and that when investors finally catch onto this stock it will ultimately trade for over $.01 a share. Nothing in this market is ever 100% certain, and I am surely never 100% right. But I do know that buying while a stock is cheap and near its all-time lows, can be a very lucrative trade. TLAN has an attractive share structure, is on the verge of profitability, is growing and remains a stock to watch going forward.

PRMO gold hit fresh highs tonight and PRMO remains the cheapest gold play in the stock market. It does have a large share structure, but that hasn't stopped similar stocks from running in the past. These $.0001/$.0002 are some of the biggest gambles in the penny stock world, but also can provide some enormous returns. Just look at EYSM and its recent $.0001 to $.0048 rally. The herd mentality rules the day with these stocks, why get trampled over at $.0003, $.0004, when you can get in at $.0002. Sure you are instantly down 50% if you want to sell, or even 100% if the bid at $.0001 gives out, but that shouldn't phase you because you are trading these stocks with money you can afford to lose.... right? If we've learned anything the last year, its that the stocks that seem the least likely to run, seem to run the hardest. There are only a few people that think PRMO will rally as evidenced by the paltry volume for this stock. With gold hitting new highs I think investors will start flocking to this cheap gold play.

GRDO after its breakout on Tuesday, the stock has given back most of its gains the until a nice recovery on Friday brought the stock back to a positive close. I think this momentum will continue into Monday and the stock could see a nice week of trading.

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