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Today's Day Trade Pick Is: SEEK
It is the doldrums for the penny market and the big boards today in advance of the long weekend. Just about every promoted penny stock is a snooze today. We thought about holding our pick until Monday, but we didn't want you to miss out on a chance to get these cheap prices. SEEK is working really well today and is up on lower than expected volume. The news is great though and we expect other newsletters to jump into the fray next week. For that reason, we are doing something we've never done before. We are holding over our day trade pick into a second day. We expect great things on Monday for SEEK and we think that you should hang on over the weekend.
Our new pick put out great news on Wednesday, indicating the best month of sales ever. SEEK generates revenues from online directory search such as THEDIRECTORY.com, where they match select professionals in vertical markets such as Health, Legal, and the Finance Sectors. In addition, they bring in revenues from building, hosting, and managing corporate websites and their identities. Some of their additional website networks include: BusinessList.com, Podiatrists.com, Pediatricians.com, Chiropractor.com, Therapists.net, Psychiatrists.com, Dietitions.net and DentistAppointments.com BusinessList.com is in the top ten visited websites in the world, according to Alexa ranks.
The company also announced a debt conversion freeze, indicating that no additional debt would be converted into common stock, which should stem the dilution tide.
We think that this double whammy of good news will create wild interest in the stock tomorrow, as well as the coming days, and we coluld see some juicy gains.
Our last sub-penny pick, BFHJ, was an easy double and we expect more of the same with SEEK.
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