Wednesday, August 10, 2011

Thursdays Stocks To Watch - TNGL, SPAH, TLAN, MMTC


TNGL its all about gold as the precious metal surged to new highs. TNGL is another gold stock that bears watching going forward. The company reported a $1.6 million profit in its latest quarter and increases assets by over 4 fold. With gold hitting new highs this stock could be one to watch going forward.

SPAH this triple zero gold stock could get some attention as well with gold hitting the $1,800 mark today. If this stock is not on your watch list, now would be a good time to add it.

TLAN this stock remains, in my view, undervalued, and based upon recent actions by the company, I think the price per share should head higher. They reduced their outstanding shares twice within the last few months. The company eliminated all convertible debt and did away with its preferred stock. They also posted a profit last year and improved their balance sheet this past quarter. This is a stock to watch going forward.

MMTC a great chart for this stock. It traded off its highs today, but I think it will come back tomorrow. A break of today's highs could send it to $.02 and better. Keep a close eye on it tomorrow.

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