Wednesday's Stocks To Watch - QING, MCET, VAEV, GRPS, TAON

QING as of yesterday's close QING's p/e stands at .62. Simply an amazing p/e for any stock and a number you will be hard pressed to find for any stock in any market. That p/e is based upon QING's 2010 eps of $.40. This past quarter QING posted a $.15 eps which would equate to a $.60 annual eps which would be a 50% improvement from last year. Just doing a simple multiple of 10, you get QING as a $6.00 stock which means the stock would have to move 2,400% higher from its current $.249 price tag just to meat a very conservative valuation.

MCET mounted an amazing rally yesterday after issuing some pre-market news concerning a stem cell patent they were issued. Could yesterday be the start of a multi-day rally or was it just a one hit wonder? While NEOM closed its first and second days near its highs, I think MCET not closing near its highs might signal that future gains are not in the cards, but we shall see,

VAEV an 8k outlining a licensing agreement was released late in the day yesterday. The stock saw a boost in price and volume that should continue today as investors digested the news over night.

GRPS and TAON are two stocks trading near their lows and should be watched closely for a potential move off of them. A great way to make money in this market is buying stocks when no one wants them and right now GRPS and TAON appear to be unwanted stocks. Keep an eye on them.