POWN - Added To The Guru's Buy and Hold List

POWN has finally been added to the Guru's Buy and Hold list. That doesn't mean the stock will post a straight line advance to the Guru's long term $1 target. POWN is well over due for a sell-off from profit taking.

Adding POWN to the buy and hold means that the recent price action confirms the interest in POWN shares. It also means that the Guru thinks the story for this stock is still in its first few chapters.

If you haven't bought this stock yet, you may want to wait for a pull back. I do feel this stock, which closed trading on Friday at $.027, will hit $1 within the next year.

CMKM - Added To The Guru's Buy and Hold List

 

CMKM, China Marketing Media, is a stock I brought to my subscribers, via the subscriber forum, a few weeks back.  This is a stock, that until recently, had not traded a share.  Now it appears there is liquidity being added into the market.

When I brought this stock to my subscribers a few trades at $.04 and $.05 had occurred.  Just last week a trade took place at $.51 a full 1,000% higher than only weeks ago.  Currently there is only one market maker on the ask side with a price of $.20.   I believe this will change as liquidity keeps coming into this stock.  It may take a while.

I urge you to look through the filings for this company, it is full of impressive numbers for a penny stock.  I project a 2010 EPS of $.13 and give $1.00 as the first target, which is a several hundred percent gain from today's asking price, which is why the Guru has added it to the Buy and Hold list.

I will have more on this one in the days and weeks ahead.

EXPU - Removed From The Guru's Buy and Hold List

EXPU has been removed today from the Guru's buy and hold list.  We were bullish on the stock until we discovered (from a subscriber) of a 2 million share disbursement for stock promotion.  While we understand the need for promotion, we also view the share size as being well beyond expectations.  2 million shares, at today's close, is the equivalent of $320,000.   That number is in far excess of what a company should pay for promotion.

Long term stock holders are getting the shaft under such an overly generous deal.  It is one thing to pay for promotion, it is entirely another to vastly over pay at the expense of shareholders.

Today's price action tells the story better than I.  A nice red wick down, in what I suspect will be just one of many more down days.