FRIDAY's WATCHLIST
TRTH quarterly report is out today. The company posted a roughly $400 profit for the quarter. Revenue grew from $2.9 million to $3.9 million. With $60 million worth of ships under construction this company should continue to grow at a nice clip.
GGRI I had VTPI on my watchlist last night, the stock soared over almost 300% the last two days off its lows. I think GGRI could see a similar bounce, if it does indeed bounce and does not continue to go lower. It seems to have stabilized in the current $.014 $.017 area and I could see if posting a sharp rebound from here.
BBDA this was the hottest penny stock today, bursting higher on big news this morning. Could the stock hit new highs tomorrow? Should make for a nice trade regardless. If it busts out higher out of the gate ( the most likely scenario) I'd wait for a pull back before attempting a quick trade. If the stock somehow dips at the open (unlikely in my view) then buying that dip for a quick bounce type trade could be profitable.
BFHJ a filing out tonight about the company raising the authorized shares from 903 million to a little over 1.125 billion, for a total raise of about 225 million. Out of all the recent authorized share raises this one is by far the most modest and I think shows that the company actually cares about its shareholders. The reason for the authorized share increase, per the filing, is to take care of some debt and make some acquisitions. I have no problem with a share raise for those reasons. BFHJ remains a stock to watch at these prices.
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