Monday, March 7, 2011

Tuesday's Stocks To Watch - BGNN, PRMO, CTCC, REMD, HLXW

BGNN got a boost today after reporting a net income of close to $1 million for 2010 after reporting a loss of over $2 million for 2009. The stock closed at $.0018 on over $43,000 in trading volume. Let's see if the stock gets some follow through tomorrow.

PRMO with gold hitting fresh highs today, in my view there is no better highly speculative trade than PRMO. It remains the cheapest gold stock in the entire market and boasts some outstanding financials. At the close of today's session only 3 market makers remained offering $.0002 a share. I think that could change tomorrow.

CTCC some great volume today, and although the stock didn't make much of a move, an increase in volume can be a great 'tell'. Today's buying could be coming from the sweating poker player in the corner, who was trying to quietly accumulate shares, but we've called his hand. With the recent positive news this turnaround story looks to be finally getting its legs.

HLXW with over $280,000 in volume, this stock remains firmly in play this week. While we did not get a big price move, the stock held its ground and looks poised to print a new recent high tomorrow. As I always say, follow the money, and right now that money is flowing into HLXW.

REMD this might appear to be the next dump and run, but I beg to differ. The stock has done two big reverse splits in less than a year. Somehow the share count is back to almost 10 billion. That is some serious dilution. This stock will burn a hole in your pocket. If you are going to watch this stock tomorrow, wear a mask, the stench will cloud your judgment.

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