Wednesday, June 8, 2011

Thursday's Stocks To Watch - TYTN , PRRY, QING, GRDO


TYTN I had this stock on my watchlist a few weeks ago at $.0007 and it has since soared to $.005 a share an over 600% move. Since then it looks to be consolidating and forming a bull flag. Also the chart shows a golden cross, a very bullish formation. Accumulation remains strong, and the stock could see a test and break of the recent highs in the near future. This stock remains one to watch.

PRRY recent news by the company has fallen on deaf ears. I think the news is positive and the company is really starting to turn the corner. This formerly $.80 stock now trades for $.02 a share. I think it could rebound smartly from here.

QING the stock boasts a p/e of .5, an amazing figure for a company that is growing and posted an EPS of $.40 last year. This past quarter the company earned $.15 a share which extrapolated over the year wold put QING's 2011 EPS at $.60. Using a conservative multiple the stock should be priced at $6.00 or better a share, not $.20.

GRDO the stock had a strong day today closing out near its highs. The stock sits right in between its 50 and 200 day averages. For GRDO $.0041 looks like the next upside target if these three days of consolidation end with a move higher. Let's see what tomorrow brings.

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