Thursday, April 7, 2011

Friday's Stocks To Watch -AMNG, INIX, CUBV, GGII

AMNG this stock has quite the chart going on right now. The stock broke firmly above its 200 day moving average today and looks poised to build upon recent gains. While the stock is up some 400% off its recent lows, which is something to keep in mind, I think there is at least additional gains in the short term future before the inevitable pull back.

INIX this is a stock I have been behind since $.0002/$.0003 of last week. It hit a high of $.0009 today, with only one market maker asking between that figure and $.001 before some sells brought the stock back down. Right now the level II looks sharp, with only a few offering shares under $.0014. The bid could use some support if this rally wants to continue. I believe this stock sees at least $.001 - $.0015 at some point over the next few days.

CUBV I called the bottom for this stock in my chat room this morning at $.08. It proceeded to rally over 50% from this figure and closed at $.115 a share. It ended down over 50% but was down well over 60% earlier in the session. This stock could make for a decent trade over the coming days as the stock receives some heavy money volume. I think the $.15 could be tested tomorrow if VFIN (the obvious seller) stays off the lead ask.

GGII I feel this is the next triple zero stock to post gains. Currently the stock is still trading quietly, but I think news will send it, much like when GTLL rallied from $.0001 to $.0022 a few months ago. The float is 1.1 billion and the recently released financials show many of the outstanding shares are tied up for a year. If this stock gets a good head of steam going I think $.0008 and better would be a reasonable price point. From there anything is possible.

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