Wednesday's Stocks To Watch - GARB, HRID, SMVI, IFRS

GARB and HRID were right up there with the top gainers today. GARB looked poised to touch $.01 early in the session before pulling back while HRID pushed higher all session and closed at its high of the day. Both could make for profitable trades tomorrow.

SMVI had an excellent morning and looked ready to take out the $.0007 in the early afternoon. It was that time when the authorized share increase was posted. The stock sold off, but mounted an impressive recovery and closed down only one tick. Looking at the chart, the accumulation is still there and this, in my view, bodes well for the stock. As long as there is more buying then selling this stock should continue to head higher. Along with the share change, the company posted its current share structure on OTC Markets. This is also a good sign and shows the commitment the company has to providing current information to its shareholders. While I never like to see a share increase, as long as we see accumulation and a rise in share price, we'll know the company is not diluting. Let's see if investors agree tomorrow.

IFRS was on my watch list yesterday, the stock continued to trade heavy in the morning before an early afternoon press release launched the stock almost 200% from its lows. It trended down to close at $.0093 after hitting $.0173. I think the stock has a good chance of getting back and staying over $.01 tomorrow and posting a nice gain for the day.