Penny stock blog below - I like ELTP for tomorrow; chart looks great:
ELTP has moved to the top of our watch Thursday, for a continuation higher, after it's strength today. Lets hope May starts off like April ended.
ELTP – Momentum/Potential Continued Breakout - (Elite Pharmaceuticals Inc.) - closed up 13.54%, at .494 per share, with more than 5.1 million shares exchanging hands Wednesday. Elite Pharmaceuticals, Inc. specializes in the development of oral controlled release products, such as delayed, sustained, targeted and pulsatile release tablets, pellets, capsules, granules and powders. The Company’s primary focus is in the therapeutic areas of pain management, allergy, cardiovascular and infection. ELTP made a greater move today than we had originally anticipated; we weren't expecting the stock to open a cent higher and continue on up the rest of the day. It's nice when things turn out better than expected, and hopefully some of you were able to reap the rewards. ELTP looks like it might continue higher, after seeing an increase in volume today, closing not far off today's high of .51. If ELTP can push through .51 with stronger volume tomorrow, it could test .60 on this move. Keep it on close watch.
COPY – Momentum/Potential Continued Breakout - (CopyTele, Inc.) - closed up 17.24%, at .34 per share, with 806,260 shares exchanging hands Wednesday. CopyTele, Inc. ("CTI") (OTCQB: COPY), a company specializing in patent monetization and patent assertion; develops and acquires patented technologies for the purposes of patent monetization and patent assertion. COPY announced today a settlement with Logitech, Inc. over a previously filed lawsuit, which was received well by investors today; read more, HERE. By closing just off it's session high of .345, with a nice increase in volume, COPY could test .40 or higher tomorrow. Keep the stock on close watch.
QASP - Potential Continued Bounce - (Qasar Aerospace Industries, Inc.) - closed up 29.41%, at .0022 per share, with more than 259.8 million shares exchanging hands Wednesday. Quasar and its subsidiaries are involved in aviation and aviation related businesses and is moving forward toward entering the MJ industry. Shares of QASP confirmed support at their 50 day moving average, trading down to that level near .0013-.0014 for the second day in a row, and made a nice bounce off that level today. QASP closed at it's session high of .0022, with a slight increase in average volume, and if it can push past .0024 tomorrow it could move on to .0028-.003 before meeting more resistance. Keep the stock on close watch.
Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income. I have seen all the things that are done under the sun; all of them are meaningless, a chasing after the wind. Only trade for the sake of trading.
