AI
Sunday, April 01, 2012 9:51:21 PM
April showers bring May flowers.
In trolling for setups this weekend, I'd set myself the goal of finding five promising plays. Here are the setups.
ATRN
Description: Atrinsic, Inc. operates as a direct to consumer Internet marketing company. The company sells entertainment and lifestyle subscription products direct to consumers through the Internet. Atrinsic posted a loss of $4.52 million for the three-month period ended September 30, 2011, compared with net loss of $6.15 million reported for the three-month period ended June 30, 2011.
In late 2011, Atrinsic voluntarily delisted its common stock from NASDAQ, in part due to the Company's non-compliance with the minimum stockholders' equity requirement for continued listing on The NASDAQ Capital Market.
News: “On March 29, 2012, Atrinsic, Inc. announced that it will not be filing its Annual Report on Form 10-K for the fiscal year ending December 31, 2011 and will also cease filing future reports under the Securities Exchange Act of 1934, as amended. As a result of this decision, public information about the company will be limited significantly going forward. “
See: http://biz.yahoo.com/e/120330/atrn.pk8-k.html
Technicals: What I like: Weekly pullback respecting Fib levels. Possibly setting up for another upward thrust. Don't like the current divergence between OBV and Acc/Dis.
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RTGV
What they do: “RTG Ventures offers Music & Entertainment Technology Solutions and Digital Marketing Services. Harnessing the strength of its digital marketing agency, that has a trusted reputation over the last 8 years, the company has applied its knowledge process in developing cutting edge technology platforms for web, mobile and tablet devices.”
News: “NEW YORK, March 30, 2012 /PRNewswire/ -- RTG Ventures (OTCQB: RTGV) continued its negotiations with a target acquisition company which controls multiple platforms in Los Angeles. All parties continue to be governed by NDAs which means no details can be provided to the public until an agreement is finalized including all professional advisors' input.”
Setup on the weekly is somewhat similar to that of ATRN. Bottom is strongly suggested. Currently pulling back. Targets are Pivot point P, just above weekly MA 40. Volume is high.
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HBRM
What they do: “Herborium Group, Inc., a Botanical Therapeutics® company, focuses on developing, licensing, and marketing proprietary, botanical based medicinal products to consumers and healthcare professionals. The Company uses clinical validation to establish and maintain a differential advantage. The company sales its products in the US and Europe. For more information, please visit www.herborium.com and www.acnease.com. “
News: “TEANECK, N.J., March 16, 2012 /PRNewswire/ -- Herborium Group, Inc. (HBRM.PK) announced today that it will make a major announcement on April 6, 2012 regarding its business 2012 expansion and new revenue streams through adding new Market Venture to Herborium Group, Inc. This new venture with over $150 billion market potential may be regarded as one of the most significant developments in the Company's history and is expected to have a defining impact on its growth.”
Setup on the daily chart is pulling back, possibly setting up for a run to pivot point P. OBV, Acc/Dis, ChiOsc in harmony. Volume high. Price is above 200 MA, and a possible golden cross may be forthcoming.
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LQMT
Says here: “Liquidmetal Technologies, Inc. is a materials technology company that develops and commercializes products made from amorphous alloys.” That's easy enough to understand.
News: In a March 30 release, it says: “Liquidmetal® Technologies Inc. (OTCBB: LQMT) today announced its financial results for the three months ended and year ended December 31, 2011. The Company reported revenues of $0.25 million and $1 million for the fourth quarter ended and year ended December 31, 2011, respectively. Furthermore, the Company closed out the fourth quarter with an operating loss of $1.7 million and $6.5 million for the year end.
“Mr. Tom Steipp, President and CEO, commented, 'Liquidmetal Technologies has reached an important milestone enabling it to realize the benefits of its partner relationships. By the end of 2011, we are now able to source alloy feedstock from Materion, process our alloys using next generation molding machines from Engel and manufacture commercial parts at our contract manufacturer, Visser Precision Cast. Looking forward, we will be working with our partners to scale up these production capabilities while engaging with customers in aerospace, medical, sporting goods and other industries.'”
Weekly chart suggests bottom in the making. Recent test of resistance at 40 week MA.
Daily chart shows price bouncing back and forth between MA 50 and MA 200, which has yet to be penetrated. Pivot point P providing strong support. Now testing resistance at P1 with 200 MA standing between the price and P2, which provides intermediate term target.
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MJNA
The news says: “SAN DIEGO, March 22, 2012 /PRNewswire/ -- Medical Marijuana Inc. (OTC Pink Sheets: MJNA) is pleased to announce an update for shareholders of recent corporate activities and events. Numerous transactions are in various stages of development, negotiations, closing and integration that will have a significant positive contribution to the Company's bottom line. The company has been finalizing the purchase of a portfolio of patented cannabinoid based products as well as several pharmaceutical grade cannabinoid delivery methods which make for a more sociably accepted method of consuming medical grade marijuana products.
“Regarding the previously announced proposed acquisition of PharmaSPHERE Systems, LLC the Massachusetts based biotechnology and pharmaceutical grade medicinal herb company, we have finalized our negotiations with the company and will announce next week the positive results of the transaction.”
What the weekly chart says: Strong thrust above MA 40 on high volume, and holding strong ever since. Pivot point “P” provides a short term target. Largely a question of watching and waiting for a clear breakout in either direction.
Disclaimer: These are interesting technical setups that I personally consider to be worth watching. These are not recommendations. Due diligence is your responsibility.
Best of luck to all as we turn the page on the calendar from March to April, today!
In trolling for setups this weekend, I'd set myself the goal of finding five promising plays. Here are the setups.
ATRN
Description: Atrinsic, Inc. operates as a direct to consumer Internet marketing company. The company sells entertainment and lifestyle subscription products direct to consumers through the Internet. Atrinsic posted a loss of $4.52 million for the three-month period ended September 30, 2011, compared with net loss of $6.15 million reported for the three-month period ended June 30, 2011.
In late 2011, Atrinsic voluntarily delisted its common stock from NASDAQ, in part due to the Company's non-compliance with the minimum stockholders' equity requirement for continued listing on The NASDAQ Capital Market.
News: “On March 29, 2012, Atrinsic, Inc. announced that it will not be filing its Annual Report on Form 10-K for the fiscal year ending December 31, 2011 and will also cease filing future reports under the Securities Exchange Act of 1934, as amended. As a result of this decision, public information about the company will be limited significantly going forward. “
See: http://biz.yahoo.com/e/120330/atrn.pk8-k.html
Technicals: What I like: Weekly pullback respecting Fib levels. Possibly setting up for another upward thrust. Don't like the current divergence between OBV and Acc/Dis.
-----
RTGV
What they do: “RTG Ventures offers Music & Entertainment Technology Solutions and Digital Marketing Services. Harnessing the strength of its digital marketing agency, that has a trusted reputation over the last 8 years, the company has applied its knowledge process in developing cutting edge technology platforms for web, mobile and tablet devices.”
News: “NEW YORK, March 30, 2012 /PRNewswire/ -- RTG Ventures (OTCQB: RTGV) continued its negotiations with a target acquisition company which controls multiple platforms in Los Angeles. All parties continue to be governed by NDAs which means no details can be provided to the public until an agreement is finalized including all professional advisors' input.”
Setup on the weekly is somewhat similar to that of ATRN. Bottom is strongly suggested. Currently pulling back. Targets are Pivot point P, just above weekly MA 40. Volume is high.
-----
HBRM
What they do: “Herborium Group, Inc., a Botanical Therapeutics® company, focuses on developing, licensing, and marketing proprietary, botanical based medicinal products to consumers and healthcare professionals. The Company uses clinical validation to establish and maintain a differential advantage. The company sales its products in the US and Europe. For more information, please visit www.herborium.com and www.acnease.com. “
News: “TEANECK, N.J., March 16, 2012 /PRNewswire/ -- Herborium Group, Inc. (HBRM.PK) announced today that it will make a major announcement on April 6, 2012 regarding its business 2012 expansion and new revenue streams through adding new Market Venture to Herborium Group, Inc. This new venture with over $150 billion market potential may be regarded as one of the most significant developments in the Company's history and is expected to have a defining impact on its growth.”
Setup on the daily chart is pulling back, possibly setting up for a run to pivot point P. OBV, Acc/Dis, ChiOsc in harmony. Volume high. Price is above 200 MA, and a possible golden cross may be forthcoming.
-----
LQMT
Says here: “Liquidmetal Technologies, Inc. is a materials technology company that develops and commercializes products made from amorphous alloys.” That's easy enough to understand.
News: In a March 30 release, it says: “Liquidmetal® Technologies Inc. (OTCBB: LQMT) today announced its financial results for the three months ended and year ended December 31, 2011. The Company reported revenues of $0.25 million and $1 million for the fourth quarter ended and year ended December 31, 2011, respectively. Furthermore, the Company closed out the fourth quarter with an operating loss of $1.7 million and $6.5 million for the year end.
“Mr. Tom Steipp, President and CEO, commented, 'Liquidmetal Technologies has reached an important milestone enabling it to realize the benefits of its partner relationships. By the end of 2011, we are now able to source alloy feedstock from Materion, process our alloys using next generation molding machines from Engel and manufacture commercial parts at our contract manufacturer, Visser Precision Cast. Looking forward, we will be working with our partners to scale up these production capabilities while engaging with customers in aerospace, medical, sporting goods and other industries.'”
Weekly chart suggests bottom in the making. Recent test of resistance at 40 week MA.
Daily chart shows price bouncing back and forth between MA 50 and MA 200, which has yet to be penetrated. Pivot point P providing strong support. Now testing resistance at P1 with 200 MA standing between the price and P2, which provides intermediate term target.
-----
MJNA
The news says: “SAN DIEGO, March 22, 2012 /PRNewswire/ -- Medical Marijuana Inc. (OTC Pink Sheets: MJNA) is pleased to announce an update for shareholders of recent corporate activities and events. Numerous transactions are in various stages of development, negotiations, closing and integration that will have a significant positive contribution to the Company's bottom line. The company has been finalizing the purchase of a portfolio of patented cannabinoid based products as well as several pharmaceutical grade cannabinoid delivery methods which make for a more sociably accepted method of consuming medical grade marijuana products.
“Regarding the previously announced proposed acquisition of PharmaSPHERE Systems, LLC the Massachusetts based biotechnology and pharmaceutical grade medicinal herb company, we have finalized our negotiations with the company and will announce next week the positive results of the transaction.”
What the weekly chart says: Strong thrust above MA 40 on high volume, and holding strong ever since. Pivot point “P” provides a short term target. Largely a question of watching and waiting for a clear breakout in either direction.
Disclaimer: These are interesting technical setups that I personally consider to be worth watching. These are not recommendations. Due diligence is your responsibility.
Best of luck to all as we turn the page on the calendar from March to April, today!
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