Tuesday, March 22, 2011

Wednesday's Stocks To Watch - CMEY, VPER, PPII, PRMO

CMEY ot was a roller coaster day for this stock.  It closed down 77% but the majority of the trading took place below $.02 a share and when a late day 8k filing hit the wires the stock recovered to $.016 a share.  This stock should have more room to go and should post a decent pop right at the open.

VPER the company's last two years of financials indicative of  stock that should be trading well over $.01 a share.  In its last annual filing the company reported a gross profit of $3.4 million.  With the stock reinstated at the Secretary of State this stock should start to reflect its value going forward.

PPII the company this summer reported some great news saying that their annual revenues could exceed $50 million annually.  I expect the company to start updating the investing public about their operations again.  If they do this stock could trade back over $.01 in a hurry.  I don't see any resistance on the chart until $.045 a share.

PRMO this remains the least expensive gold stock in the entire market place.  While the bid is at $.0001 I am encouraged by what i see on the level II.  There are not that many market makers offering shares at the lower prices, which tells me accumulation is taking the supply out of the market.  Like I said previously, that $40k buy was the tell.  You don't throw $40k at a $.0002 stock unless you know its going somewhere, and in this market one of the best ways to make money is to follow it.

No comments: