Wednesday, April 27, 2011
Thursday's Stocks To Watch - KING, APRM, EXPH, GRBT
KING the stock fell recently to a 52 week low on modest volume. It appears to have bottomed and could be starting a new uptrend. The stock closed the session at $.0005 a share and recently traded in the high $.001's to $.002. I think thats a reasonable spot to focus on when/if KING rallies. The company is looking to get its oil production going and project being able to produce up to 70 barrels of oil a day. Based on today's oil price your looking at almost $20 million in annual revenue. Just something to think about for KING. Not only is it a bottom type play, it is also an oil play, and we all know the price of oil has done nothing but go up this year. If KING can get that type of production going, than current prices offer a tremendous discount to future prices.
APRM a great close today amid a late day flurry of buys. This stock had an amazing share structure for a sub-penny stock and great potential according to recently released revenue projections. The chart shows a stock working its way higher and I think that will continue. If you don't have APRM on your watch list now is as good a time as any to add it.
EXPH this $.0004 stock announced a rather large new client on their web site yesterday, Armstrong World Industries stock ticker AWI on the NYSE. They have a $2.6 billion market cap. This is on top of other already notable customers including Lowes. A recent press release states the company does not intend to reverse split the stock and they also have no plans for any dilution. EXPH traded over $.0025 last fall from current levels, and to $.04 in 2009 from triple zeros. While some might point out the company's overall bad history, it has provided two magnificent rallies for those who bought in near the bottom or even later on and rode it to the top. I think we are going to see a third rally here, as the company comments, including the increased revenue for the company, should help bolster the stock. There will always be losers in this market, to be a winner it takes buying and selling at the right time. I'm sure that's why you read this blog, and especially with these triple zero's I have a good nose for sniffing them out before they run.
GRBT another triple zero stock that could have some legs from here. Over $100k traded today and we should see more volume tomorrow. If it's of the buying variety then GRBT should post some nice gains. Either way add it to your watchlist for tomorrow.
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STDR: Bouncing hard off bottom, up32%, MERGER coming soon!
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