Wednesday, May 18, 2011
Thursday's Stocks To Watch -GDHI, SYTE, MMTE, PVSP
GDHI a merger was announced a half an hour after the open and the stock surged 66%. We've seen this stock run big from these levels before, the question is will it happen again? $.0005, today's closing price, is the high for the year for GDHI and a break above it will bring it up against $.0006, its 200 day moving average. I think if GDHI breaks above $.0006 tomorrow trader will hop on the momentum and the stock could rally significantly higher. If the stock fails to break $.0005 and $.0006 tomorrow, I think the odds for further gains would diminish.
SYTE this is a stock I alerted to my subscribers at $.006 this morning. It closed right at session highs of $.0298 a share. Further gains could be in store for this stock. For one they have an ongoing share buyback program of 10 million shares. The company has been actively buying back stock for over 3 years now. Secondly the company has been utilizing its excess capital to not only purchase its own stock, but to invest in distressed properties. From today's press release ""A significant amount of our intangible assets are becoming fully amortized resulting in lower operating costs and higher net profits in our technology business. In addition, we have continued investing our surplus cash flows in real estate and anticipate this leading market will soon bear the fruit of our efforts.". SYTE should be added to your watchlist if it hasn't already.
MMTE a press release helped push the stock up 60% today. I think we could see the rally continue tomorrow.
PVSP a great mid-day move helped close the stock up 36% today. I think PVSP could make for a profitable trade tomorrow.