Monday, April 11, 2011
Tuesdays Stocks To Watch - GGII, INIX, PRMO, MTIZ
GGII my latest triple zero alert started off the week on the right foot. After a morning of constant, steady buying with no market maker movement, the stock broke through what appeared to be a thick wall of eight market makers in less than five minutes. I think the next level of resistance lies at $.0006 a share. From there we have the $.0011 50 day moving average and the $.0022 200 day moving average. Look for potential news releases about the acquisitions contained in last Wendesdays press release to bolster the positive momentum.
INIX had a nice trading session. The stock closed at $.001 and hit a high of $.0012 today. I gave this to my subscribers exactly at the stocks low late last month last at $.0002/$.0003 a share. If INIX can break and hold above $.0012 tomorrow the stock could quickly trade to $.002 or better in the coming days.
PRMO from 2009's filings to the most recent filing PRMO's outstanding shares have remained exactly the same. Over this time the company has increased assets and revenues both significant numbers for a $.0002 stock. To repeat from 2009 until today, a time span of over 2 years, the company has diluted zero shares. Those making claims to the contrary are wrong, lying, and not reading the filings. It's all right there to see. Like some recent triple zero stocks that have moved, PRMO will have its time in the sun. I feel sure of that and that is why I have it on my watch list. I do not own shares of the stock, nor have I ever been in contact with the company, paid, compensated for having the stock on my blog. Some may think I am crazy for essentially promoting a stock for free. However if PRMO runs, like I think it will, the question will be why you weren't buying when the stock was trading at these levels. I like to bring stocks to my blog, that after doing my own research, I think are going to be a profitable trade at some point. PRMO, in my view is that stock. Keep it on your watchlist.
MTIZ the stock dropped to an ask of $.0006 today and someone came in to take those shares. I think at some point, possibly as soon as tomorrow, MTIZ will post a nice multi-day rally and make a very nice trade.
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