EXTO - A Substantial Bounce Lies Ahead

EXTO less than two months ago was happily trading in the $.01 to $.02 range.  The company had some promising news and investors reacted positively.  That was until the authorized shares were raised and the stock fell from the $.01+ area to were it now sits at $.0005.  The floor has been set as evidence by the recent narrow trading range.

After such a sharp fall it is only natural that this stock bounces.  That bounce should be coming soon and I think it will take EXTO to $.001 - $.0015 and possibly beyond.

With every other triple zero stock catching a bid, EXTO offers a great chance to play this trend.  Add this stock to your watchlist.  It is going places.

The Guru Twitters A 300%+ Move

If you aren't following me on Twitter than you missed out on a 300%+ gain today.  http://twitter.com/bob_wilcox

Early in today's trading session I tweeted "PYBX .0003 is a promising lotto play that should see a nice run at some point in the near future"

PYBX hit $.001 a share today.  Even better..... subscribers had this stock at $.0002 in the subscriber only chat room this morning.  That is a 500% gain in one session.

ECPL - The Guru, Once Again, Is Spot On

This morning ECPL mounted a very short lived rally, just as the Guru had forecast, before succumbing to an onslaught of selling the rest of the day.  After effecting a 200-1 reverse split of ECPL shares less than two months ago, this company took no time diluting the stock to the limit again.  So much for shareholder value. 

Interest recently returned as this stock bounced off its lows and peaked early in today's session at $.0024.  Later on  those  buyers at $.0024 found themselves down over 50% as the stock cratered to a low of $.001.  Not exactly a stock you'd want to hold for more than a few hours, which is fine.  Just know what you are getting into with ECPL and don't let others fool you into thinking otherwise.

As I said in the comments section, I am not an ECPL hater.  I am not a stock basher.  I post the facts so that others can make informed investment decisions.  Also I have many new traders that visit this blog.  While losing money can be the greatest lesson a new penny stock trader can learn, I'd much rather give them a profitable head start.  Helping others maximize gains and minimize losses is something I strive for.

I hope my post last night on ECPL saved a few people from losing 50% or more of their money.

FFGO - Is This Stock Finally Going To Rally?

FFGO saw a steady diet of $.0002's late in the session today. Could this stock finally be starting its rally? After countless press releases and 8-k filings, could FFGO really start taking off? I think this stock warrants close watch. Many will point out the huge outstanding and authorized share count, but few will note that this stock has run hard in the past.

Irregardless of its share structure I think FFGO could see a push to $.0005 and beyond. A break past the wall at $.0002 will be a good sign that more gains are at hand.

Tuesday Stocks To Watch - UWRL, SSWC, CTYX, KATX

UWRL sits at a very important price point. This stock needs to hold this level this week. I have a good feeling it will.

SSWC some more very impressive news from the company. This stock heads to $.002 and beyond from here.

CTYX news out this morning moved the stock. It held most of its gains into the close. I see CTYX at $.001 by weeks end.

KATX this stock should see $.20+ as soon as mid-week. The chart is showing a possibly fourth leg higher. This leg would bring KATX to over $.30 a share and likely $.40. Call me crazy, but I have been right about KATX all year long. I don't think that is going to change. If you are new to this blog do a search for KATX. you will be surprised how right I have been thus far.

ECPL - Will The Rally Continue?

ECPL has mounted a very impressive rally recently, one that has made a lot of people money. That is what trading penny stocks is all about. I have told my subscribers that penny stock traders have very short memories. They trade momentum, not news, and are more than happy to buy the worst penny stock out there, as long as its moving higher.

While I would not charicatrarize ECPL as one of the worst stocks out there, however they did recently reverse split their stock by a 100-1 ratio. Traders have ignored this fact. ECPL has taken their old outstanding share count and divided it by one hundred. This was done in June. The share price has dropped from $8 to $.0017, hardly a profitable move for anyone holding this stock through the share re-capitalization. The only ones making money are those who bought post-reverse split when the stock cratered to $.0003 a share.

Reverse splits happen, but what makes me concerned about ECPL is that after reverse splitting the stock, and screwing over all its long term stock holders, they have gone ahead virtually maxed out the share count yet again! Will the stock require another reverse split so the share count can be maximized yet again? This a bona-fide question that should be considered before purchasing ECPL stock. Why buy something that is going to be worth 100x's less than your original purchase price?

History has a habit of repeating itself. While I think there could be more very short term gains for ECPL shareholders, the medium and longer term pictures are clear. Reverse splits followed by share issuance, clearly not a shareholder friendly stock.

Chart of the Day - AAVG

$.0014 to $.038 over 2,000% gain in seven trading days.