Chart of the Day - WTCT

Another great day for this stock as it breached new highs. I think it has a real shot at $.01 tomorrow or Thursday as long as the money keeps pouring in.

Wednesday's Stocks To Watch -CTCC, APCX, WTCT, AVOP

CTCC the accumulation is literally off the charts for this stock. At some point I think this stock will have a nice pop to the upside followed by a slow and sustained upward move. The company is in the midst of a turnaround and I expect the stock price to start to rise in anticipation. With this stock trading as high as $.46 in the last year, I think today's current price of $.019 represents a great opportunity for investors.

APCX with over 1 billion shares traded today and a 100% move this stock has popped up on the radar of many traders. If the volume continues there is not telling how high this stock will go. Remember this was a high flyer off its lows last year. History has a habit of repeating itself.

WTCT again new highs hit today. Just an amazing stock to watch, just when you think its dead, it comes back stronger than ever. Some real violent snap-backs and this tells me WTCT is still going to go higher from here. I expect a nice gap up at the open.

AVOP catching a falling knife is never a fun experience. AVOP fell today, rallied a little, then fell some more. I am curious to see when this selling will stop. A press release out today did little to break the grip gravity has on this enormous piece of lead. At this stage it could see $.0007-$.0008 before another meaningful and trade able bounce.

Tuesday Stocks To Watch - CTCC, MTIZ, WTCT, TLAN

 

CTCC looks to have solid support at these prices and should start to trend higher from here.  The stock has a small float and the company's ambitious turnaround plans should result in a higher price per share going forward.  This will be a stock to watch in 2011.

MTIZ a new release today seemed to get over looked.  The stock was up on less than 1 million shares traded.  I think interest will grow for MTIZ this year and that the stock is trading at a good risk/reward price.  Sure it could go down to $.0005, $.0003, but I think at some point it goes to $.004 - $.005 or better.

WTCT I alerted this stock last year, after the company filed for a change of leadership.  It was trading at $.0012 then, and as I have stated many times, change with penny stocks can be very lucrative for investors.  While I was very early alerting this stock, and it has taken many months to finally move, the move itself has been a very profitable one.  CTCC a stock I have started featuring has also filed a change in leadership, so if WTCT is any indication, you can see where CTCC is heading down the road.  Last week I noted WTCT faced resistance at $.003.  It broke that and I noted $.005 as resistance, today it closed at $.006, and if the trading day was extended an hour I think WTCT would have easily seen $.007.   WTCT is in the midst of a run that could bring it to $.01 and beyond if it can break that magical number.

TLAN I know I sound like a broken record with this stock, but my instincts are telling me this stock will be trading over $.01 in the short term.  This is a company that is expanding and is right on the cusp of profitability.  The float has been reduced by over 11 million shares.  The chart is showing we are at the start of the next leg higher.  I think TLAN will test and break its recent high of $.0058 in the coming days.

Thursday's Stocks To Watch - GOHG, WTCT, TLAN, RTGV

GOHG this stock looks to have bottomed today and has begun to rally. I think we could see a quick 50-100% gain tomorrow, and possibly more into weeks end.

WTCT what a rally mid-day, and it just didn't stop all the way into the close. I mentioned yesterday that $.003 would be the next point of resistance. I think we could gap right over that price at the open tomorrow. That would bring the big $.005 into focus.

TLAN although volume has been light, this stock has held its ground and I couldn't feel better about the way its trading right now. Sure I'd like to see it at $.01 already, but good things take time to develop, and with TLAN I think its will be worth the wait. Remember these shares are valued at $.05 for the purposes of a recent transaction. Also the float has been reduced by over 11 million shares and the company is on the cusp of profitability. I think the current prices offer an excellent buying opportunity.

RTGV today's press release and after hours filing were both good news in my book. Kudos to this company for putting value back into this stock and building what appears to be a nice growth story. In the span of 3 months assets went from $0 to over $2 million, revenue from $0 to almost $500k. For $.0131 a share this stock, in my book, is trading well below where it should be valued.

Wednesday's Stocks To Watch -TLAN, WTCT, RTGV, TSNP

TLAN looks ready to break out of its current channel. There is tremendous value in these shares. The company has reduced the tradeable float and looks to be on the cusp of profitability. I think this is a $.01 and better stock in the near term.

WTCT it was nice to see this stock finally get its legs today. The next meaningful point of resistance lies at $.003. We could see that as soon as tomorrow.

RTGV I am keeping a close eye on this stock this week. Volume is starting to pick up and I think there is a good chance this stock sees $.003 or better before the close of trade on Friday.

TSNP this remains a great low triple zero stock, one that could post a nice gain in the near future. GTLL showed just how quickly money can be made with these stocks. The key is to get in before the blockbuster news release hits the wires. That's why you read this blog and why I think TSNP could very well be that next big triple zero stock.

Monday's Stocks To Watch - UWRL, CTYX, FFGO, WTCT

UWRL nothing has changed my stance on this stock, if anything I am more confident that it will head higher. The 50 and 200 day moving averages sit at $.0016, which should provide support while the $.0023 price has been a barrier to more gains.

CTYX seems like this stock can't resist the need to hit $.0003 on almost every recent trading session. It has done so on 11 of the last 13 sessions. Any reader of my recent posts on CTYX already knows how I feel about this company and the direction I see this stock going in the days and weeks ahead. The last few days is just a prelude to the new upward trend.

FFGO this stock just can't seem to catch a bid. The bevy of recent news and filings has done little to get the stock price out of the bidless $.0001's and into the $.0002 and $.0003 area. It could have something to do with the 74 billion shares outstanding. If there is a stock that can muster some upward price movement with such an enormous share count its FFGO. The stock has done it before. Obviously these bidless stocks carry the risk of total loss, so tread carefully.

WTCT I had a member is my subscriber forum post about WTCT a few weeks back. He had called the transfer agent and was able to calcutalte the float as being around 38 million shares. This is an attractive float for a stock that closed Friday at $.0025 a share. Also the company recently filed with the SEC a change in leadership. Good things could be on the horizon for this stock. I suggest that it be added to your watchlist.