Leslie Howard's morning coffee:
Good morning! Yes, I am starting to feel better, thank you.
My pride and joy, LUXR, continues to astound the street with its performance and the couple of hundred of you who claim to be holding the stock off my alert of last month are now ahead almost 100%. It might be time for some of you to move into a free stock position, although I couldn't blame you if you decided to continue on the ride. After all, I haven't seen neither hide nor hair of a promotion yet, although there are rumors of a hard mail campaign out there now. Still, you heard about LUXR here first and we'll count this one as a big winner.
GEAR continues to hover around the two cent range as even my most ardent critics agree that something big must be happening here soon. That is obvious. About the only thing we can do is sit around and wait.
PSPF is quiet and that is no surprise. There is nothing to do but wait and see whether the shareholder group that is trying to work with Bank of America on bringing the company back to life can be successful. I think that it is worth a shot. The stock has drifted 50% but it is only on $520 worth of trades, hardly a sell-off and another indication that the stock is tightly held.
With a tight float and obviously few sellers, PSPF looks ripe for some sort of new project. I will remind you however, that while the end rewards can be terrific, it is possible that nothing will come of this. Still with only 22 million shares last reported to be in the float out of the 83 million shares last reported as issued and outstanding, there is the potential for great upside.
Today's huge news comes from SMNG, which this morning announced that the Company has received official notice from the Guinea government of renewal of the Company's exploration license for the Siguiri property. Now the fun can begin in earnest and I think it will. Today's action in the stock should give us an indication of how far we are from an awareness campaign.
There appears to be a single seller of FORC shares as I would speculate that he is tired for waiting for developments at the company. For the last two sessions, that seller has relentlessly hit bids and created a decrease in the share price. I would not be surprised to see a rebound once that seller is done.
I cover a lot of stocks.
Please do not worry if I don't talk about every stock every day. My Morning Coffee and Afternoon Tea daily reviews generally discuss my previously alerted stocks which are noteworthy right now. Just because I don't talk about a specific stock, does not mean I have given up on it. I will tell you if I am withdrawing my alert.
~LH
