Considering that Mike King likes PRVB at $21.00, sounds like a bargain (see below near the end)
Of our stock recommendations of the past six months (ENZ, HTE, GFCI, PRVB, CUSIF, USEG, CHCG, UCTT, INKS, ARRS, MDTL and ECOL) six were up and six were down during the past week. We had some nice up moves and two disappointments. Our recent recommendation ECOL went from 19.00 to 22.70 in two weeks and CHCG went from 5.50 to 7.95 in two weeks. Some profits should have been taken in both. UCTT hit our stop at 17.00 so we took our profits (the stock was originally recommended at 13.50 and got as high as 19.99 last week). MDTL hit our stop at 17.00 and we sold our remaining position for an overall profit (the stock got to 24 two weeks ago). We will no longer follow these two stocks but will re-enter MDTL soon since we still like it. The shorts are doing their best to push it down. GFCI was up half a penny or about 20%. This is still a good time to take initial or additional positions in ENZ and CUSIF, which are reasonably priced and are special situations. ENZ is a play on patent lawsuits, which could be resolved soon. It is important to keep tight stop loss orders on one’s positions to protect profits and/or avoid large losses. PRVB paid $ 3 million in income taxes last year and continues to improve earnings and cash flow. Quarterly performance is ahead of last year. Also, don’t hesitate to take some profits on any of the recommended stocks if they have a good move during the week. Protective stop loss orders that can be used are: ENZ: 14.50, CUSIF: 0.15, USEG: 5.20, INKS: 1.25, CHCG: 5.50, and ARRS: 12.50. PRVB 21.00 GFCI .023. HTE is a Canadian oil and gas trust that has been going up nicely yields over 14% and pays monthly.