Tuesday, April 5, 2011

Wednesday's Stocks To Watch - FRMC, MMTE, LGBS, QASP

FRMC this oil stock is really starting to garner some attention from investors. The stock rallied off its session lows and looks to build upon today's gains during Wednesdays session. Add this one to your watch list if you have not already done so.

MMTE looks right on the brink of a breakout. Today the stock closed at $.0039 and I think any breakout would bring $.005 and better into focus.

LGBS news today helped bring some volume in for this stock. Tomorrow I think the price will react to the news and I am looking for a run to $.002 or better, assuming there is no further selling. The stock, judging from recent volume history, seems to have a low amount of shares in circulation.

QASP I am picking $.0014 for QASP as a nice bottom to rally off of. Any rally could see QASP shares gain a quick 50-75% meaning $.0021 - $.0025. Obviously nothing is guaranteed, but I do think there is a good chance QASP rallies from here.

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