Wednesday, May 4, 2011

Thursday's Stocks To Watch -BRZL, KING, ICBT, EXTO

BRZL should make for a potentially profitable trade tomorrow, read more here

KING the company's plans would bring roughly $20 million in annual revenue, which means KING shares are undervalued at current prices. I don't expect the stock to trade at these levels much longer.

ICBT closed right near the high of the day, with a day of impressive buying pressure. Holding onto a 300% gain can be tough to do in this market, but we've seen stocks run even higher the second day of a rally. ICBT deserves watching tomorrow, which should determine if today's big move was a one day event or the start of multi-day rally.

EXTO huge volume for the stock toda, it came back strong to close up 5%. Tomorrow a vital day for this stock and if it gets going out of the gate I think it has a very good chance at testing and breaking today's highs.

3 comments:

Unknown said...

KING isn't going to have anywhere near 20 million in revenue. There plan you point out was to have 70 bbls a day by year end. 6 months into it the latest data from the Texas RailRoad commission has them at 1 bbls a day. Despite your "I don't expect the stock to trade at these levels much longer." this issue is not going anywhere!

Imran said...

Interesting comment. With todays news about Fortune Oil and Gas Inc. We saw King jump 100%. In my mind that is indeed quite a nice gain on 27 grand of volume. Especially for a press release at 3:45........ just my thought Daniel

Bob Wilcox said...

Daniel,

KING hit $.0012 today, I gave to my subscribers at $.0002/$.0003. Looks like I was right and you were wrong.