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Thanks for the tip.
Everything got killed today - FB down 7% for not reason other than the crisis is a decent gauge for how the day went.
Some interesting ETFs on this harsh day to consider if there are more to come:
TZA Smallcap Bear 3X Direxion 24.31 +4.83%
DUST Gold Miners Bear 3X Direxion 39.17 +9.35%
SOXS Semiconductor Bear 3X Direxion 52.27 +5.00%
FAZ Financial Bear 3X Direxion 31.23 +3.89%
iPath S&P 500 VIX Short Term Futures TM ETN NYSEARCA VXX 16.96 +0.75 (4.63%)
VelocityShares Daily 2x VIX Short Term ETN NYSEARCA TVIX 19.77 +1.68 (9.29%)
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Tickers that somehow held up.
SGLB Sigma Labs, Inc. (qb) 0.1460 0.0320 28.07
ISCO International Stem Cell C 0.1730 0.0220 14.57
FNMA Fannie Mae 1.6000 0.0700 4.58
FVRG Forevergreen Worldwi 1.8600 0.3900 26.53
VISN Visionchina Media Ads, Ea 6.18 1.64 36.13 3,708,560
RCON Recon Technology, Ltd. - 3.56 0.57 19.11 1,105,487
ARWR Arrowhead Research Corp. 6.82 0.95 16.18 3,084,389
AMCN Airmedia Grp. Ads, Each R 2.12 0.27 14.57 1,560,625
A stock that should have went up today but didn't was Talisman.
Are you referring to NYSEARCA:VXX or INDEXCBOE:VIX?
I like Direxion Daily Small Cap Bear 3X Shares: NYSEARCA:TZA)
Markets bleeding bad day - I am on the sidelines. I sold my short ETF too early today; missed its run and don't want to chase it now. Not a good idea to daytrade anything long today IMO - macro forces dragging everything down hard.
As each day goes by, the debt ceiling issue becomes more real. If these idiots actually allow a US default, I think we could see a 2008-style meltdown. All articles on the subject agree it will be bad for the markets (of course), with some saying catastrophic, and others saying it won't be a large crash. My sense is it will create panic and another credit crisis, and I will short the hell out of the market if the default looks like it will come to pass. For now, I am assuming they will come to a resolution - but who knows; it is probably just political rhetoric, but the Republicans seem prepared to cause the default to prove their point based on what they are saying (they already allowed the shutdown, so why not the default). Some high-ranking officials have said the Republicans don't actually plan to allow the default, but we shall see. If there is a default and crash, it should get resolved quickly and lead to a bounce. I am sure they will pay-up on all US treasuries in the end; otherwise, it would be economic suicide (at least in the short-term) as the US lives off of borrowed money.
NBG running again. I traded its last wild run to $22. Hard to say if this one will have legs, but I will probably pick some up with a tight stop. I noticed the pop Friday but ignored it and did not see the rally today until EOD review - as such, I will watch closely in the morning. It is up AH, and hopefully won't gap too high in the AM. The overall markets look like they will be down again tomorrow.
Penny Stock Experts Blog - blog.todayspickis.com
Stocks To Watch Tuesday 10/08/13 - FNMA PCWT EWSI
SIGN UP FOR OUR FREE PENNY STOCK NEWSLETTER ABOVE TO RECEIVE THE HOTTEST PENNY STOCK ALERTS BEFORE ANYONE ELSE!
[I picked up some FNMA EOD - I think it will rally in the AM. I had bids on TTNP all day but never got filled - this will probably start strong tomorrow, but may be due for a pull back now]
Hi Everyone & Welcome New Subscribers,
After an exciting day Friday, momentum started to fizzle out for some of the stocks on our watch list Monday, but could pick back up into tomorrow. There are a few familiar faces back on our list for tonight.
FNMA - Potential Continued Breakout - (Fannie Mae) - closed up 2.68%, at $1.53 a share, on over 17.19 million shares traded today. Fannie Mae is a government-sponsored enterprise that was chartered by Congress in 1938 to support liquidity, stability and affordability in the secondary mortgage market, where existing mortgage-related assets are purchased and sold. Shares have continued moving up since our mention of the stock crossing above it's 50 day moving average last week, but have met resistance at the $1.60 level. The stock was tested some into the close, so it will be important to watch for a move past $1.60 and more importantly a close above before getting too bullish. Keep it on close watch.
PCWT – Volume/Momentum - (Pacific Clean Water Technologies, Inc.) - closed up 14.29%, at .272c a share, on over 7.4 million shares traded today. PCWT is an Environmental Services Company that primarily specializes in industrial water treatment, helping clients stay compliant with EPA regulations, commercial-scale water recycling, reducing energy costs, and helping clients transition into new "green" alternatives. Shares traded up almost all day today as PCWT created a new high of .276c, which it managed to close just off of. The stock is now in a bullish position to continue higher tomorrow, potentially testing .30c and beyond. Keep it on close watch.
EWSI – Potential Continued Breakout - (E-Waste Systems, Inc.) - closed down -1.00%, at .0495c a share, on over 1.79 million shares traded today. EWSI was established to create a market-leading, integrated business in the emerging waste electrical and electronics equipment ("WEEE") industry, targeting businesses facing regulatory or other mandates for handling e-waste. Although shares closed slightly down today, the stock traded less volume and still is holding nearly 20% higher from our trade alert last week. Now that shares have crossed .05c and more importantly their 50 day moving average of .044c, we will look for both of those levels to build as support over the short term. Keep it on close watch.
A few of the Chinese listed tickers exploded again today - these things move like OTC tickers:
http://chinabizfocus.com/modules/InvestChina/performances.php?sel=performances&perf=daily
Markets are bleeding today. I did OK selling my inverse fund in the morning which of course was up a bit, but gave back some of my Friday gains on MOBI. Should have just sold the damn thing - hard to daytrade long when the overall markets are getting beat up. Those lunatics in Congress are acting as though they are going to allow the debt default - won't want to be long on the day that happens. What is happening with the damn world - Greece is supposed to default on gov't bonds, not the damn US.
I always keep NTEK on watch - has nice volume and potential for 20% pops on any give day. On my OTC streamer watchlist, right now I follow:
OTCBB:FNMA, USOTC:SBOTF, OTCBB:NVIV, USOTC:PCWT, OTCBB:DECN, OTCBB:NNRX, OTCBB:PHOT, OTCBB:CLDS, USOTC:NTEK, OTCBB:XXII, NASDAQ:CRRS, OTCBB:FVRG, USOTC:BPTH, USOTC:EWSI, USOTC:AAMRQ, USOTC:BPTH, USOTC:SOPW, OTCBB:TTNP, USOTC:GSAT
"Lowjack
Thursday, August 01, 2013 4:28:08 PM
Re: Fa$tlane post# 216
Post # of 224
Nobody wants solar stocks! Especially this Chinese junk!"
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Wow, that was a terrible call. Check out TAN - the solar ETF - Solars are the hottest sector on the market.
I love these OTC sector sympathy plays - same thing happened with the shippers; this one could have legs.
I caught a piece of the MOBI run; every day one of these Chinese listed tickers spikes 30% - as I noted last week, I am following and trading these now. Got into them after having success with the solars, the majority of which happen to be Chinese US listed tickers. Below is a good list of the tickers - I only follow the ones to good trading volume (basically, in my view, adequate volume is present when the chart does not look like a bar graph from elementary school).
http://chinabizfocus.com/modules/InvestChina/performances.php?sel=performances&perf=daily
Macro considerations from Bloomberg:
U.S. Stocks Rise as Optimism Grows Over Ending Impasse
By Alex Barinka & Aubrey Pringle - Oct 4, 2013 4:53 PM ET
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The Top Ten Stocks for Oct. 4
U.S. stocks rose, with the Standard & Poor’s 500 Index trimming a weekly decline, as optimism grew that the lawmakers would reach a deal to end the budget impasse and avoid a default on the federal debt.
Enlarge image U.S. Stocks Fluctuate as Treasuries Fall; Italy Bonds, Oil Gain
Traders work on the floor of the New York Stock Exchange. Photographer: Scott Eells/Bloomberg
All 10 main groups in the S&P 500 advanced at least 0.2 percent. Walt Disney Co. jumped 2 percent and Boeing Co. added 1.7 percent to pace gains among large companies. Facebook Inc. gained 3.8 percent as the operator of the world’s most popular social network said it will sell advertising on its Instagram photo service. Union Pacific Corp. declined 1 percent after its earnings forecast missed analysts’ projections.
The S&P 500 (SPX) climbed 0.7 percent to 1,690.50 at 4 p.m. in New York. The Dow Jones Industrial Average added 76.10 points, or 0.5 percent, to 15,072.58. About 5.2 billion shares changed hands on U.S. exchanges, 9.6 percent below the three-month average.
“There’s a working presumption that this is fundamentally theater and it’s going to work itself out favorably,” Mackintosh Pulsifer, vice chairman and chief investment officer of Fiduciary Trust Co. International in New York, said in a phone interview. He helps oversee $15 billion. “There will not be a default, we’ll find some way to raise the debt ceiling, and government workers will go back to work. In a few weeks it’s not going to have any impact.”
The S&P 500 dropped 0.1 percent this week, trimming a decline that reached as much as 1.3 percent, as the first partial government shutdown in 17 years began on Oct. 1, placing as many as 800,000 federal employees on unpaid leave and closing some services.
Boehner Comments
House Speaker John Boehner reiterated today that he won’t allow the U.S. to default on its debt, even if that requires Democratic votes as House Republicans met in Washington to find a solution to the budget impasse. Boehner later said reopening the government must start with negotiations and that he has no intention of ‘rolling over’ on spending concessions.
Pacific Investment Management Co.’s Bill Gross and BlackRock Inc.’s Larry Fink said the showdown will be resolved without a debt default.
“It’s theatrics posed by politicians to get ratings or to get their way via legislation,” Gross said yesterday at an event in Beverly Hills, California.
Federal Reserve Bank of San Francisco President John Williams estimated a two-week government halt would shave 0.25 percentage point off fourth-quarter economic growth. A one-week closure would probably take 0.1 percentage point from economic growth, according to the median of 40 estimates in a Bloomberg survey of economists.
‘Bigger Concern’
The budget impasse has raised concern that lawmakers will be unable to make progress on a deal to increase the debt limit. The Treasury has said measures to avoid exceeding the $16.7 trillion cap will be exhausted by Oct. 17 and warned yesterday that a default could have catastrophic consequences that might last decades.
“A federal default is a bigger concern for markets than the budget disagreement,” said Manish Singh, who helps manage $2 billion as head of investments at Crossbridge Capital in London. “It’s good that the House speaker is determined to prevent a U.S. default even if the debt-ceiling bill does not have majority Republican support.”
The shutdown delayed the release of the Labor Department’s monthly payrolls report, which was due today. The lack of data is making it harder for Fed policy makers to assess the health of the economy as they consider when to start paring unprecedented monetary stimulus.
‘Useful Buffer’
Atlanta Fed President Dennis Lockhart said the shortage of economic news “would tend to make me somewhat more cautious” about reducing the pace of bond purchases. Minneapolis Fed President Narayana Kocherlakota said the stimulus serves as a “useful buffer” against fiscal policy headwinds.
“The taper is off the table for October, that is a silver lining for the market,” Phil Orlando, New York-based chief equity strategist at Federated Investors, said in a phone interview. His firm manages about $380 billion in assets. “Given the fact that there is no jobs data and given the fact that we have triggered the potential breach of the debt ceiling, in my opinion there is zero chance that the Fed is going to commence the taper at the October 29-30 FOMC meeting.”
The Fed stimulus and better-than-forecast corporate earnings have helped the S&P 500 rally 19 percent this year and as much as 155 percent from its March 2009 low.
The Chicago Board Options Exchange Volatility Index, or VIX, dropped 5.3 percent to 16.74 today, paring a weekly gain to 8.3 percent. The equity volatility gauge has fallen 7.1 percent this year.
Broad Rally
All but one of 24 groups in the S&P 500 advanced today, with real-estate stocks retreating 0.2 percent. Raw-materials and health-care companies added at least 1.1 percent to pace gains among 10 main industries.
Freeport-McMoRan Copper & Gold Inc. climbed 2.3 percent to $33.78 as copper prices rallied. Dentsply International Inc. (XRAY) jumped 2.9 percent to $44.49. Bank of America raised its rating on shares in the dental supplies maker to buy.
Disney climbed 2 percent to $65.30 and Boeing climbed 1.7 percent to $117.20 for the two biggest gains in the Dow.
Facebook rose 3.8 percent to $51.04 after saying it will sell advertising space on Instagram in its first effort to make money from its biggest ever acquisition. The stock has surged 92 percent in 2013.
Twitter IPO
In the most anticipated technology offering since Facebook, Twitter Inc. made public its S-1 prospectus yesterday and said it’s seeking to raise $1 billion. The documents suggested a valuation of $12.8 billion for the microblogging service.
Delta Air Lines Inc. (DAL) rallied 2.7 percent to a record $25.19, capping its ninth advance in the past 10 sessions. Chief Executive Officer Richard Anderson said at a conference in New York that the carrier is not seeing any travel decline from the government shutdown. Demand is “really strong,” he said.
Lockheed Martin Corp. fell 0.3 percent to $122.50. The largest U.S. government contractor said it has identified about 3,000 employees for furloughs on Oct. 7 because of the federal shutdown. The stock has dropped six straight sessions, the longest losing streak since June.
Union Pacific dropped 1 percent to $153.90 after the railroad operator said it sees third-quarter earnings of $2.45 to $2.48 a share, compared with the average analyst forecast of $2.56. Operating revenue will increase as much as 4.5 percent, the company said, compared with a 7 percent gain predicted by analysts.
Several main stream finance sites are mocking this one, suggesting penny stock day traders mistook it for twitter; funny stuff.
See, for example, http://www.theglobeandmail.com/report-on-business/international-business/us-business/tweeter-home-shares-explode-on-apparent-twitter-mix-up/article14700115/
East West Petroleum tout - this one popped big yesterday already so may be too late:
What’s Frank Curzio’s Under Fifty Cent Company that he says we should Buy by November 1?
Checking out the latest Phase 1 Investor teaser
Posted on October 3, 2013 by Travis Johnson, Stock Gumshoe
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Buy this ‘Under $0.50’ Stock by November 1st, 2013
“This is one of the few times in the history of our business we have recommended a company so small and with such high upside potential. A triple-digit gain within the next 12-36 months is highly possible….
“We’ve been vetting the opportunity for nearly two years.”
That’s the intro to the latest Phase 1 Investor teaser pitch from Frank Curzio, and lots of readers have been asking me who this tiny company could be. So let’s find out, shall we?
The ad starts with a pretty long spiel about how powerful the shale gas revolution has been in the United States, driving down gas prices and creating boomtowns in the areas where shale gas (and oil) are being produced, and giving hope for an increasingly energy independent future for the country (or at least more profits, as natural gas, in the form of LNG, gradually becomes a widely-shipped fuel). If you’ve done any thinking about the markets or about energy during the last few years, you already know this.
And as usual, several examples of hugely successful investments in North American shale production are cited, including some producers and some service providers, just to reassure us that yes, this kind of stuff does create huge returns.
But then we get to the big story they’re pitching in the form of this 50-cent stock: International shale gas. Here’s some of Frank’s verbiage:
“America’s shale gas boom may sound like old news to you by now. But there is another side to this story few people know about.
“You see America isn’t the only country in the world with shale gas.
“Across the ocean in Europe, there is an estimated 639 trillion cubic feet of untapped shale gas, which accounts for 10% of the world’s total shale gas resources….
“The quest for shale gas in Europe is getting bigger and bigger every day…
“As energy consulting firm Gas Strategies indicates, “The interest in shale gas is turning in earnest to Europe, precipitating what some observers have called a ‘land-grab’ for potential shale gas acreage.”
And we’re told that the the problem, beyond the fears in (mostly Western) Europe about hydrofracking, is that the technoloqy, practical expertise, and equipment for “unconventional” oil and gas exploration and production aren’t widespread in Europe — they need North American experts to make the next leap forward.
More from Frank:
“So what are European countries who are keen on replicating America’s shale gas boom doing about this?
“They are turning to the companies who do have the experience in shale gas production in order to unlock these deposits for them.
“Many of these companies have already made a fortune in America’s shale basins. Others have missed out and are now turning to Europe for new opportunities. ExxonMobil, for example, is active in Hungary, Poland and Germany. Shell is active in Sweden, Romania and the Ukraine. And Chevron, ConocoPhillips, and Marathon are all hunting for shale gas in Poland.
“… smaller energy firms usually don’t have the cash or political pull to compete with these larger exploration firms.”
And then, you guessed it, we get to the part about the “one tiny company” that’s the exciting exception which will bring us profits:
“But we’ve found one of the only exceptions…
“Over the past two years a tiny North American company has moved in to benefit from Europe’s upcoming shale gas boom.
“In fact, this company has been awarded rights to explore and drill in over 700,000 acres of land in one of the biggest shale gas basins in Europe.
“A 12-well drilling program is now underway… And when results from these wells are announced, this stock could easily explode in value.”
Aha! You know what those are, right? Clues. And then we get a few more…
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“… this company has a market cap of well under $100 million….
“tiny company that has been awarded rights to drill in one of the largest basins in Europe. My colleagues and I like to call it the ‘Transylvanian basin’ as it is located directly beneath the Transylvania region of Eastern Europe.
“According to Dr. Gabor Bade, a geologist of 10 years who specializes in basin analysis, the Transylvanian basin is ‘still one of the youngest unconventional systems in Europe.’”
We’ve heard tell of the “Transylvania Basin” in past teasers, so we’ll find out in a moment if this is the same company we’ve heard teased before … but we do get a quick explanation of what it is …
“According to a 2006 U.S. geological survey it could hold up to 7.4 trillion cubic feet of untapped shale gas. That’s nearly as much recoverable shale gas as Germany has under its entire territory.
“But what makes the Transylvanian basin particularly unique is that it spans into eight different countries including Slovenia, Serbia, and Romania. ”
This is an area that, like the rest of Eastern Europe and much of what we used to think of as the “Soviet Bloc” is still extremely dependent on Russia for energy — they get essentially all of their natural gas from Russia, so they are the ones who feel the most pain when Putin’s Gazprom cuts off supplies for strategic or political reasons, as they did with the Ukraine most notably a few years ago. All of Europe is worried about Russian gas prices and supply, but Eastern Europe is extra-worried.
So that’s part of why these governments are pushing for development and giving exploration companies good concessions and good terms, we’re told. But do we get any more clues about the specific 50-cent stock Curzio is touting?
First we get hints about specifically which country …
“But of all the countries in Eastern Europe, only one of them is headed towards energy independence.
“Last year a natural gas deposit was discovered in this country. Preliminary estimates indicate this deposit could hold up to 80 billion cubic meters of gas.
“And according to officials, several additional gas deposits will soon be revealed in this same area.
“This is why the country has been particularly active in exploring the area.
“… as an added incentive to get foreign exploration firms into the country, the government of this country has implemented a unique system that gives contractors 70% of the profits. The government takes the remaining 30%.
“This is one of the highest contractor takes in the world. “
OK, so that’s a good little passel of clues for the Thinkolator. How about some hints then about the specific company?
“during a recent exploration bid round to companies, one tiny North American firm was the successful bidder for exploration properties in this deposit…
…A region covering well over 700,000 acres of land….
“… in 2012, this tiny company signed an agreement with a large oil company. And under this agreement this tiny company won’t have to spend a dime of its own money to drill here.
“Instead they will get a cut of the total profits while someone else pays the bills.”
That’s the kind of commodity company I tend to prefer, one that has someone else footing the exploration and development bills, so that perked up my ears a bit.
And then we get the clue that this company also has a major stake in a different shale formation …
“This tiny company also has a major stake in one of the last untouched shale formations on earth… This formation is not in Africa, the Middle East or any other dangerous region.
“It’s actually located in one of the safest countries on earth….
“this formation already has over 500 million barrels of proven oil reserves and over 7 trillion cubic feet of gas. To put those numbers into perspective, that’s enough oil to supply this country’s needs for nearly the next 9 years alone….
“… only a few major exploration firms have gained access to this formation.
“One of these companies has acquired 1.7 million acres of land within this formation. That’s an area bigger than the state of Delaware and this land is said to hold 14 billion barrels of oil.
“Over the past few years the company has already drilled 22 for 22 successful wells. The stock has shot up by more than 10,000% since 2008.
“So why am I telling you about this company?
“Because the tiny stock I’ve been telling you about has partnered with this business and is now set to drill nine wells within this formation as part of its 2013 exploration program.
“The first well is literally being drilled right now.”
So that’s where the catalyst is probably really coming from that has Frank Curzio recommending his Phase 1 subscribers to buy shares before November 1 — the drilling that’s currently happening in this “untouched shale formation.”
And he says he’ll be holding a subscribers conference call with this company on October 10, a call that will include the leader of the company he’s teasing, but the stock has already been recommended to his subscribers and the information released in a special report they’re calling The Next Frontier of Shale Discovery — so that call won’t necessarily be a catalyst for the stock (depending on what the folks say on the call, I guess).
What, then, is this little stock?
Thinkolator sez: This must be East West Petroleum (EW.V in Canada, EWPMF on the pink sheets)
The “Transylvania Basin” exploration is happening in Western Romania, and Romania has historically been a substantial oil and gas producer — though the talk about Romanian energy independence last year was spurred by their big gas finds offshore in the Black Sea, which is about as far away from East West’s concessions as you can get and still be in the same country. And the “undiscovered” shale basin is New Zealand, where East West recently won a bidding round for a few blocks in partnership with TAG Oil and is already drilling.
And I personally threw down a little speculation on this one as well, partly because the trend of attention drifting toward this company seems substantial and actual catalysts might soon approach — we had Myron Martin suggest it to the Irregulars a few months ago, and now the much more massive Phase 1 Investor mailing lists are hearing all about it (again … more on that in a moment), so that’s a lot of folks waiting for info on a ridiculously little company. That could lead to terrible, terrible results for investors, just so you’re aware — East West has a market cap of under $40 million and is priced at 42 cents as I type (Myron suggested it at 28 cents, to his credit), so a bad sneeze could wipe out the company. But it is a real company, with a real balance sheet and assets.
Just to clarify my personal trading rules, in case you’re curious: As a Stock Gumshoe employee I can’t trade a stock for three days after I write about it, which means I can buy it and disclose to you that I own it as of the publication of my note, as I always do for the Irregulars when I add a new equity position, but I cannot then immediately sell it after saying something nice about it and possibly driving the stock up — we don’t impact the price of stocks very often here at Stock Gumshoe, we’re small fish in this market, but ANYONE can impact the stock price of microcaps like East West Petroleum. So in this case, to make sure there’s no fear that I’m trying to manipulate the stock, I’ll promise to hold the speculative position I took on for at least two weeks (the standard rule is three days). That ought to be long enough for any words I share here to be long-forgotten and for the “real” market to drive the stock price. I’ll probably hold it for longer as we wait to see what the results are of their New Zealand drilling and their initial drilling in Romania, but I promise to hold it for at least two weeks. OK?
So what’s the deal? This is a stock that has been nibbled at by touters in the energy space a few times over the years, since they have some compelling characteristics — notably a diverse set of positions in some appealing energy basins around the globe (with Romania and New Zealand being by far the most advanced), and a decent financial position with enough cash to fulfill this year’s obligations and no debt. That means they’re potentially pretty levered to any positive news but, because of the cash position, the downside from any one disappointing well shouldn’t be overwhelming because they do have several drilling operations that might possibly hit exciting paydirt. It is still absolutely a gamble, a bad result or two could easily cut the shares in half and a series of weak drilling results could essentially destroy the shareholder value in the company. So that’s the downside.
The upside is that Curzio does describe the picture pretty well — other than the fact that he says they’re drilling in shale, which implies that they’re doing the kind of unconventional exploration that has led to huge finds in the Marcellus and the Bakken and elsewhere. Because of political concerns, presumably, they’ve recently actually gone out of their way to explain that their Romanian drilling is expected to be conventional gas exploration — no hydrofracking, though the term “unconventional” was used in their investor materials for a while in 2012 before they published that clarification this Summer. And their New Zealand exploration is in the Taranaki Basin, the only producing oil & gas area of New Zealand, where producers might use fracking but which are not the hugely prospective “oil seeps” areas of the eastern part of the North Island that are often touted as the “huge upside, low certainty” area for unconventional exploration when newsletters tease about the “next Bakken” being in New Zealand.
Interestingly, if the Thinkolator is correct this time around (and I’m 99% certain that it is), Curzio and Phase 1 were teasing the same stock in April 2012, about a year and a half ago. At the time he said much the same stuff, about how they have 700,000 prospective acres in a compelling shale play in the Transylvania Basin, carried by a large partner … and at the time, yes, East West was also expected to begin drilling in that area before the year was out, and was well-backed by cash with about $30 million in cash behind a $40 million market cap. In fact, the teasers are so nearly identical in parts that this helps me be certain the Thinkolator is right again — because that was a 100% certain and confirmed match.
Now the picture has changed slightly — it’s more like $22 million in cash and a $35 million market cap, and they’ve added the exposure to New Zealand that they didn’t have before, after bidding on some blocks in partnership with TAG Oil. The stock bounces around quite a bit … but in the intervening 18 months EW has not, in fact, given shareholders the opportunity for massive returns as was teased.
But maybe it will now? The ratification of their concessions in Romania was apparently the delay that kept them from beginning drilling with a Serbian subsidiary of Gazprom Neft last year (yes, Gazprom Neft is a subsidiary of Gazprom, though according to one of the presenters at the Value Investing Congress it’s far superior to the parent). The first of their four concessions wasn’t ratified and fully approved by all the relevant parts of the government until December of 2012, despite the fact that they won those bids in a competitive round in 2010, and they are still waiting on final ratification for the other three blocks. So that part of the “story” has not failed (yet, at least), it has just been delayed. Which isn’t all that rare, though it has starved them of catalysts that they were hoping would boost the shares. They thought that they would have their first drilling done last Fall, a year ago, because they characterized the government ministry approvals as a “formality”, but if it is a formality it’s been a long one in being formalized.
The work program that they say is fully funded is their first ten wells, roughly speaking — nine in New Zealand that they are paying a share of along with their partner TAG Oil, a process that’s been underway since July, and possibly one in Romania before the end of 2013. 2014's work program in New Zealand is not necessarily “fully funded” by cash once those first nine wells are done, though they ought to still have close to $10 million left at the end of the year … and the Romanian part of the exploratory drilling is funded probably for a few years — that was farmed out to the Serbian arm of Gazprom Neft, who essentially got 85% interest in the fields in exchange for funding the initial stages of exploration and the first 12 wells — the obligation is for Gazprom Neft to drill at least two wells in 2014, and perhaps as many as 24 wells if they find success in the next couple years and move on to phase two of their exploration agreement. Those first three wells will be, I presume, in that one concession area that has been fully ratified by the government (“phase 1? of the first 12 wells is for Gazprom Neft to drill three wells in each of the four concessions, which at this rate could take a while).
The wells in New Zealand have not been gushers so far, though it is a proven region and they have found hydrocarbons that they say are worth flow testing, and the Romania drilling hasn’t started yet, which is one reason why there hasn’t been huge excitement in the stock … so we’re still really waiting to see what happens.
I’m willing to go along for the ride for a bit with some of my speculative cash to see how these results turn out — they should have some sort of flow results from their first couple of New Zealand wells over the next month or so, which might be the first catalyst (remember, catalysts can be either good or bad), and I wouldn’t be shocked if Romanian drilling doesn’t start until early next year, since government delays have been long already, but there should be at least some substantial idea of whether that first well is successful within the next four or five months, and the other two wells could follow quickly if they want them to (their operating partner has had successful wells less than a kilometer away from these blocks, so the equipment and processing capacity are both readily available). Their own recent updates are here on New Zealand, and here on Romania. They do also have (much) smaller interests in California, Morocco and India that are not particularly significant but could turn into something eventually.
So what do you think? Interested in a punt on a Phase 1 Investor idea that is absolutely teensy and risky, or is it too risky for your blood? Let us know with a comment below.
CGA has a nice chart on the NYSE
Other OTC tickers to watch - LJPC, CLDS, FVRG, GSAT, BPTH
Penny Stock Experts Blog - blog.todayspickis.com
New Technical Play With Huge Growth Tomorrow At 9:29AM!
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Hi Everyone & Welcome New Subscribers,
GSAT has been an amazing play for our blog followers this week, closing at a new high of $1.32 today, and is in good position to move even higher tomorrow. We found something a little earlier in it's run though that we're placing on alert tomorrow at 9:20AM. This one has clear upside too, which should make it an easy call for everyone.
NNRX was an amazing play that we highlighted last week, climbing over 40% from our alert price, and hopefully everyone was able to secure profits before the stock took a cliff dive at the start of this week.
If you didn't take profits on NNRX, hopefully you at least learned one thing - you can never go broke taking profits, so never be afraid to in the future.
Our goal is to supply all of you with the most opportunistic plays that we come across on a daily, weekly, or monthly basis that (hopefully) help you add a few greenbacks to your account each year.
It's more important to focus on quality over quantity, and we will continue to do our best to find trades that make it easy for everyone to have the ability to profit.
Speaking of which, we've been keeping an close eye on a stock that has seen a healthy dip off of it's recent highs, and appears to be on the verge of moving higher again!
This stock has plenty of liquidity on average to make it easily tradeable, and from the little due diligence we have done thus far, it seems like there are plenty of things to look forward to over the next few weeks.
Today's action further proved that this stock is ready to go up, so time is of the essence here, and we believe the timing is perfect.
We really think this stock has a good shot at moving back up regardless if we bring it to your attention or not, so make sure you're watching your e-mail inbox close tomorrow morning.
If you aren't signed up for our e-mails, our new alert will be featured on our blog at 9:29AM.
Remember, always conduct your own due diligence before investing and never rely solely on the information provided in this newsletter. I am not a licensed professional.
Be on the lookout!
Happy Trading!
The Penny Stock Experts Team at Todayspickis.com
I have been trading NTEK - in the short-term, it looks like it will touch its old high. Be careful of a sudden change in momentum though - NTEK tends to turn down fast each time one of its runs ends.
I like FREE but we have to be careful of it being dragged down by the overall market. I would not trade it if the S&P is tanking over the shutdown and debt ceiling issues.
BPTH - Not sure why I did not notice this one until today:
Historical Prices
Date Open High Low Close Volume Adj
Close
2013/10/02 2.20 2.40 1.86 2.15 342,796 2.15
2013/10/01 1.68 1.95 1.55 1.95 167,493 1.95
2013/09/30 1.00 2.85 1.00 1.60 435,567 1.60
2013/09/27 0.85 0.98 0.84 0.96 200,394 0.96
2013/09/26 0.83 0.85 0.82 0.85 162,451 0.85
2013/09/25 0.82 0.83 0.78 0.82 52,081 0.82
2013/09/24 0.83 0.83 0.77 0.82 18,713 0.82
2013/09/23 0.74 0.84 0.74 0.80 102,619 0.80
KNDI - I have traded this one - bullish tout on it below:
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Under $10 Stock Could be the Next Tesla
By Dave Goodboy on October 2, 2013
Electric Car Sign
There are three primary factors to consider to increase the potential for outsized gains in the market: macroeconomic environment, societal trends and company volatility. First, let's take a brief look at each of these, and then I'll introduce a company that appears bullish on all fronts.
The Macroeconomic Environment
The overall economic environment has everything to do with the success of the stock market, as well as individual stocks.
Today, markets are tied very closely to government intervention. Government support of a certain industry or trend can supercharge the success of a company. In addition, as we have witnessed in the United States, accommodative monetary policy by the government can lift the entire market. The old adage that a rising tide lifts all ships is very true when it comes to stocks.
Societal Trends
Catching a brewing societal trend is paramount to capturing maximum gains. Remember the Internet revolution, the software boom and the fitness craze? Well, all of those trends resulted in major societal changes and made the early investors in companies profiting from the trends very wealthy.
Stock Volatility
Yes, a stock needs to be volatile for traders to capture big short-term gains. Stocks that simply drift slowly up and down, while suitable for longer-term investors, are a waste of capital for short-term traders.
Of course, more volatility means greater risk, but traders who embrace and seek out this volatility radically increase their odds of buying into a big winner.
Taking these three factors into consideration, I recently discovered a company that I think will make a great short-term trading candidate. Additionally, it has strong potential as a wealth-building long-term hold.
This company is Chinese electric vehicle manufacturer Kandi Technologies (NASDAQ: KNDI), which is traded in the U.S. as an ADR.
The company started out as a manufacturer of small electric recreational vehicles such as ATVs and go-carts. It has since partnered with Geely Automobile to manufacturer low-priced electric automobiles. The partnership received the seal of approval from China's government in June, and the first 100 low-priced electric cars were delivered to Hangzhou City's car sharing program in August.
The Chinese macroeconomic environment, consisting of a massive population base and government incentives for electric vehicles, sets up the perfect conditions for Kandi's expansion. The government has agreed to pay $9,800 toward the purchase of electric vehicles. These subsidies will continue until 2015 and are paid directly to automakers who offer the incentives to consumers.
In short, the macroeconomic environment in China is perfect for a company like Kandi.
Societal trends are also very strongly in Kandi's favor. All one needs to do is look at the explosion of U.S.-based electric car maker Tesla Motors (NASDAQ: TSLA) to witness the trend toward clean, no emission automobiles. The green trend is a global phenomenon that's in its infancy. Companies like Kandi are at the forefront of this trend.
Volatility is definitely on the side of KNDI. The stock doubled from $4.50 to $9 in the past month and a half. KNDI has since fallen back into the $7.50 range where it appears to be finding support.
KNDI Stock Chart
Risks to consider: Although KNDI looks like a great trading vehicle and long-term hold, there are risks dealing in China. The company's fundamentals are not completely transparent, and there is risk of the government deciding against the incentive. This risk is very real and must be understood by everyone buying into a Chinese ADR.
Recommended Trade Setup:
-- Buy KNDI on a breakout above $7.80
-- Set stop-loss at $5.80
-- Set initial price target at $13.35 for a potential 71% gain in six months
TAN has been a great steady ETF for me, although it may be at its height. Based on this article, I will looking into a few other ones:
http://etfdailynews.com/2013/10/02/five-clean-energy-etfs-leading-the-sectors-surge/
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Updating this message, all the other ETFs mentioned in that article have pathetic volume - stick with TAN if you play this space
Sorry about that - new one below:
Penny Stock Experts Blog - blog.todayspickis.com
Stocks To Watch Thursday 10/03/13 - FNMA GSAT GLER
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Hi Everyone & Welcome New Subscribers,
Two stocks on our watch for today, FNMA and GSAT, combined for gains of more than 15%, so we've kept them both on watch again into tomorrow. We made note of a strong technical breakout in FNMA and a classic 52 week breakout in GSAT last night, and our thoughts remain almost the same into tomorrow with both of them.
FNMA - Potential Continued Breakout - (Fannie Mae) - closed up 11.59%, at $1.54 a share, on over 42.5 million shares traded today. Fannie Mae is a government-sponsored enterprise that was chartered by Congress in 1938 to support liquidity, stability and affordability in the secondary mortgage market, where existing mortgage-related assets are purchased and sold. After breaking past their 50 day moving average yesterday, traders took note overnight (as suspected) and shares of FNMA rallied today and the stock turned into (quite possibly) one of the best trades to be in today. The stock surpassed previous resistance at $1.50, and saw a high of $1.59, which is now a level we will look for minor support to build upon. Keep it on close again tomorrow.
GSAT – Potential Continued Breakout - (Globalstar Inc.) - closed up 4.35%, at $1.20 a share, on over 9.1 million shares traded today. Globalstar is a leading provider of mobile satellite voice and data services. Globalstar offers these services to commercial and recreational users in more than 120 countries around the world. The Company's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. The stock made a new 52 week high for the third day in a row today, which is definitely a bullish indicator over the short term. Today GSAT reached a high of $1.24 before consolidating some into the close, but we also saw a nice increase in volume, which could (and should) lead to more new highs soon. Look for support to build at $1.10 over the short term and this move to continue. Keep it on close watch.
GLER – Volume/Momentum - (Global Earth Energy, Inc.) - closed up 90.91%, at .0021c a share, on over 95.8 million shares traded today. Like another sub-penny stock on our watch list last night, GLER does a good job of not providing an active business description, quite possibly because what they do has changed so much over the years they don't even know what they do anymore. Rather than lecture you on the Company's fundamentals, it is more important to focus on the price action and volume, which has been quite impressive over the last few weeks for GLER. After trading down from .0022c to .0011c on Tuesday, the stock recovered completely today, holding a low of .0013c and closing back over .002c. If the stock can break past .0022c tomorrow, we would expect it to rally higher, potentially to .0025-.003c into the end of the week. Keep it on close watch.
PS: We're looking to release a new trade alert Friday morning that looks like it has plenty of potential over the next several weeks. We're putting our money where our mouth is and picking up a few shares as well!
Be on the lookout & sign up for our e-mail alerts above to have priority in our new picks.
I did OK with EWSI when it was being promoted - volume a bit low now for my liking
Keep an eye on ZAZA tomorrow for a potential continued run
Yeah - NTEK has been the pump and dumps list for a long time - has a huge promo following. I have traded it many times and it has nice opportunities, but they have to be timed right.
XXII had big news last night and I thought it was going to pop nice after the 30% gapup filled. Ended up closing up only 5%. This one will be interesting tomorrow. I was surprised it only got a 5% pop after legitimate huge news - signing an agreement with a $100B tobacco company. The OTC is funny that way - BS promos always lie about a ticker having a relationship with Google/Walmart/Apple etc and the ticker runs - when the news is real, as in the case of XXII, the pop is crap. The volume was very high for XXII today, and traders will be looking at it tonight, so it will be interesting to see if it can run this week.
After flagging CRRS which has now completed one of the best bounces all year, I missed out on today's action also. The damn ticker was sideways most of the morning, and then the next time I checked it all of a sudden it was flying up again. Oh well. It is still off its highs, but I don't like buying at this point.
Penny stock blog below
Today was another (overall) quiet day for small caps, but there were a few nice movers that closed strong enough to keep on watch for tomorrow. There were a few sub-penny stocks that made moves today with plenty of liquidity, but we picked the one that stole the show to keep on watch again for tomorrow.
VDSC – Volume/Momentum - (ALAS International Holdings, Inc.) - closed up a whopping 163.64%, at .0029c a share, on over 344.6 million shares traded today. Not only did the stock have one of it's biggest percentage gain days in it's history, it also traded with record breaking volume and closed just off today's high of .003c. We did our best to find a business description on VDSC, but they almost go out of their way to provide a lack of information about their company for investors. In any event, fundamentals seem to matter little, especially when it comes to sub-penny stocks, and we would rather pay attention to price action and share liquidity. If VDSC can break .003c, which it might open over, the stock could make for another nice trade tomorrow. Keep it on close watch.
GSAT – Potential Continued Breakout - (Globalstar Inc.) - closed up 5.50%, at $1.15c a share, on over 6.87 million shares traded today. Globalstar is a leading provider of mobile satellite voice and data services. Globalstar offers these services to commercial and recreational users in more than 120 countries around the world. The Company's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. The stock created a new 52 week high for the second day in a row today, on it's way to three in a row, and potentially higher over the next several weeks. Recent price dips in GSAT have been accumulated heavily with consistently strong volume, leading us to believe that this move could continue. Look for the stock to rally as it breaks to new highs, but keep a closer eye on the price dips here for potentially bigger profits.
FNMA - Potential Breakout - (Fannie Mae) - closed up 5.34%, at $1.38 a share, on over 13.3 million shares traded today. Fannie Mae is a government-sponsored enterprise that was chartered by Congress in 1938 to support liquidity, stability and affordability in the secondary mortgage market, where existing mortgage-related assets are purchased and sold. Today was the first day in months shares of FNMA closed over their 50 day moving average, and the stock closed at today's high, which should put the stock on plenty of radars overnight and lead to a potential rally higher tomorrow. Look for the stock to test $1.50 or higher. Keep it on close watch.
PS: We're eyeing a stock that has seen a healthy dip off of it's 52 week high over the past month, but appears to be readying itself to move higher again over the short term. If the stock can further confirm that tomorrow, we'll have a trade alert for everyone Thursday morning!
Be on the lookout & sign up for our e-mail alerts above to have priority in our new picks.
Happy Trading!
My pick up of FNMA on Tuesday I noted below has worked out well. I think this one should at least have a run in the AM tomorrow. There is always an outside chance it will rally to $2, but I am not expecting it to go that high at right now.
I didn't end up picking up NTEK - looked stretched by the time I checked it out - L2 as heavy on the sell side once if was up 18%. I will check it out tomorrow morning to assess breakout potential.
I agree - I loaded it up at $1.4; could not believe it went that low after such great news; they just signed a deal with a company with a freaking $100B market cap (not sure why they didn't just buy XXII).
NEWL has a long history of gapups - I think we will get one in the AM as long as the other shippers are still trending up, which they should be based on AH trading.
Interesting than TAN is still at only half its 2011 value - implies a lot of upward potential remains - up 129% YTD - why not another 70%. We shall see
Penny stock blog below - as I mentioned earlier, I did pick up some FNMA today so I guess I agree with them on that one. Not sure about the other 2.
---------------
Stocks To Watch Wednesday 10/02/13 - VDSC GSAT FNMA
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Hi Everyone & Welcome New Subscribers,
Today was another (overall) quiet day for small caps, but there were a few nice movers that closed strong enough to keep on watch for tomorrow. There were a few sub-penny stocks that made moves today with plenty of liquidity, but we picked the one that stole the show to keep on watch again for tomorrow.
VDSC – Volume/Momentum - (ALAS International Holdings, Inc.) - closed up a whopping 163.64%, at .0029c a share, on over 344.6 million shares traded today. Not only did the stock have one of it's biggest percentage gain days in it's history, it also traded with record breaking volume and closed just off today's high of .003c. We did our best to find a business description on VDSC, but they almost go out of their way to provide a lack of information about their company for investors. In any event, fundamentals seem to matter little, especially when it comes to sub-penny stocks, and we would rather pay attention to price action and share liquidity. If VDSC can break .003c, which it might open over, the stock could make for another nice trade tomorrow. Keep it on close watch.
GSAT – Potential Continued Breakout - (Globalstar Inc.) - closed up 5.50%, at $1.15c a share, on over 6.87 million shares traded today. Globalstar is a leading provider of mobile satellite voice and data services. Globalstar offers these services to commercial and recreational users in more than 120 countries around the world. The Company's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. The stock created a new 52 week high for the second day in a row today, on it's way to three in a row, and potentially higher over the next several weeks. Recent price dips in GSAT have been accumulated heavily with consistently strong volume, leading us to believe that this move could continue. Look for the stock to rally as it breaks to new highs, but keep a closer eye on the price dips here for potentially bigger profits.
FNMA - Potential Breakout - (Fannie Mae) - closed up 5.34%, at $1.38 a share, on over 13.3 million shares traded today. Fannie Mae is a government-sponsored enterprise that was chartered by Congress in 1938 to support liquidity, stability and affordability in the secondary mortgage market, where existing mortgage-related assets are purchased and sold. Today was the first day in months shares of FNMA closed over their 50 day moving average, and the stock closed at today's high, which should put the stock on plenty of radars overnight and lead to a potential rally higher tomorrow. Look for the stock to test $1.50 or higher. Keep it on close watch.
Damn it - can't believe I missed this easy bounce by not paying attention today. Oh well. CRRS may have more to go, but be careful, as the run today was big and was propped up on low volume EOD.
--------------
Dr Key Member Profile Dr Key Member Level
Friday, September 27, 2013 9:13:19 AM
Re: None
Post # of 2632
CRRS down 50% now in 5 days - put on bounce watch - could be today or Monday [GUESS IT WAS A BIT OFF - WAS TUESDAY]
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Corporate Resource Services, Inc. (Nasdaq: CRRS) 20.6% HIGHER; the company is expecting "the best quarter ever." Late last Friday, CEO John Messina said, "We are looking forward to announcing results that we expect will be very positive for the current quarter ... We are guiding revenues up 17% versus the prior year quarter. EBITDA margins are expected to be up 50% sequentially and we just completed our most profitable month in Company history."
I have had a few touts for TPNI lately - the latest one is from Aim High below:
Hello Again Traders,
Anytime we see that a real company on the OTCBB which has revenues over $2 million and insiders that are closely connected, holding more than 80% of the float.... It gains our attention.
When we see that they are hosting an event that some of the biggest swinging techs n the technology industry are attending and participating at, well let's just say it's hard not to want to have a closer look at:
The Pulse Network Inc. OTCBB: TPNI
The Pulse Network Inc. provides a service to businesses to create a platform for delivering content, primarily video but also written and curated content, integrated with digital, social media and offline event strategies.
For over a week now, we've been watching shares of TPNI churn back and forth between 0.41 and 0.51. Why it's not broken out beyond that is a total mind cluck to be frank.
Tuesday's volume on TPNI is a clear sign that things are beginning to really heat up ahead of their Fiscal Q2 report.
TPNI burst out nearly $1 million in revenues last quarter, $3,757,471 for the 12 months ended March 31, 2013 and $4,157,757 for the 12 months ended March 31, 2012.
Even better, was that last quarter, they managed to get their costs of sales down to just $228,982 which brings them within inches of the goal line: NET INCOME!
In 2 weeks, October 16-17, TPNI is hosting a conference at the Hynes Convention Center is Boston is due to have some of the biggest names in internet marketing, one of which is Tim Washer of Cisco.
Do you seriously think that big shots aren't recognizing the profitability TPNI holds within its grasp?
The Saber Brothers, Stephen, Nicholas and John, collectively own 75 million of the 91.4 million shares of TPNI stock issued and outstanding.
Having the brothers own so much of TPNI stock makes for a great thinning of the L2 once the longs settle down and see the real potential TPNI has.
TPNI Snapshot:
Tuesday Close: 0.495
1st Resistance Point: 0.5408
1st Support Level: 0.4533
Just reading this now Mouthhee - it is funny how I got slack on the FREE board after I called things so well; I have done great with FREE. Some people on that board are happy with me - the morning I touted NEWL, it went up another 50% and I got some nice PMs. Some don't seem to like when I daytrade it and expect me to hold blindly long - it worked perfect for me selling it when all the shippers went down and picking it back up this morning when DRYS started to reverse. I picked up FREE again around 3:30 and held a bunch into close - based on AH, we are looking at another gapup in the morning.
Some ihubers are complete fools and think they have to defend tickers on message boards - I guarantee that ihub has no bearing on the PSS movement of FREE.
I am pissed at myself about one ticker. A couple days back, I posted here to put CRRS on watch for a bounce. Well, it bounced 38% today - nice an slow to (started yesterday). I missed it all - I can't view all my streamers at my office b/c the damn firewall blocks the program. Oh well.
Solars still doing well. If you want to see a sweet chart, check out TAN - the solar ETF. This can't continue, but I am hoping it does tomorrow.
With the Shippers and Solars now rocking, I don't hold any OTC tickers right now, other than a little FNMA. DECN still looks interesting also.
My China tickers continue to do well also today other than LTON - gave some profits back on that one today and bailed on it. Don't hold any from my list now.
Actually, I got back in cheaper, and then it closed higher - bud.
Nice re-post of my thoughts - they worked again today. When DRYS popped nice this morning (along with the other shippers) and NEWL and FREE were in the red, I picked them both up. Just sold for a nice quick profit. I will consider re-entering EOD.