Extreme Motorsports of California (EMOC)

[crackerjack]

Hmmmmm....Wished I'de read this on the 7th, however, I feel the PPS will recover back into .01's.IMO Will it be this week? Well see.


Xtreme Motorsports "Buy on the Rumor Sell on the News"

Thomas J. Catino
2/07/2007 9:59 AM EST
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Xtreme Motorsports (OTC: XTMS) gapped higher and hit a high of $.04, before falling back slightly on some selling from prudent investors wanting to take profits, filling the morning gap. Xtreme Motorsports looks to be a classic example of a buy on the rumor sell on the news stock. In our previous note before the opening bell on Monday, we wrote that news for Xtreme Motorsports could be on the horizon as the company last announced in December it was in discussions with several firms to produce an advanced line of sandcar transmission systems. The company is expected to update shareholders on these potential deals early this year. In anticipation of news, the stock has soared from well oversold technical conditions at a price of just half a penny a few days ago to now trade at four cents on a huge increase in volume. The run has thus far been unsubstantiated by any material news, and even if news were to come out now, expectations have fueled the share price to a point where the news would probably disappoint investors and lead to a steep sell off.