Sorry about that - new one below:
Penny Stock Experts Blog - blog.todayspickis.com
Stocks To Watch Thursday 10/03/13 - FNMA GSAT GLER
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Two stocks on our watch for today, FNMA and GSAT, combined for gains of more than 15%, so we've kept them both on watch again into tomorrow. We made note of a strong technical breakout in FNMA and a classic 52 week breakout in GSAT last night, and our thoughts remain almost the same into tomorrow with both of them.
FNMA - Potential Continued Breakout - (Fannie Mae) - closed up 11.59%, at $1.54 a share, on over 42.5 million shares traded today. Fannie Mae is a government-sponsored enterprise that was chartered by Congress in 1938 to support liquidity, stability and affordability in the secondary mortgage market, where existing mortgage-related assets are purchased and sold. After breaking past their 50 day moving average yesterday, traders took note overnight (as suspected) and shares of FNMA rallied today and the stock turned into (quite possibly) one of the best trades to be in today. The stock surpassed previous resistance at $1.50, and saw a high of $1.59, which is now a level we will look for minor support to build upon. Keep it on close again tomorrow.
GSAT – Potential Continued Breakout - (Globalstar Inc.) - closed up 4.35%, at $1.20 a share, on over 9.1 million shares traded today. Globalstar is a leading provider of mobile satellite voice and data services. Globalstar offers these services to commercial and recreational users in more than 120 countries around the world. The Company's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. The stock made a new 52 week high for the third day in a row today, which is definitely a bullish indicator over the short term. Today GSAT reached a high of $1.24 before consolidating some into the close, but we also saw a nice increase in volume, which could (and should) lead to more new highs soon. Look for support to build at $1.10 over the short term and this move to continue. Keep it on close watch.
GLER – Volume/Momentum - (Global Earth Energy, Inc.) - closed up 90.91%, at .0021c a share, on over 95.8 million shares traded today. Like another sub-penny stock on our watch list last night, GLER does a good job of not providing an active business description, quite possibly because what they do has changed so much over the years they don't even know what they do anymore. Rather than lecture you on the Company's fundamentals, it is more important to focus on the price action and volume, which has been quite impressive over the last few weeks for GLER. After trading down from .0022c to .0011c on Tuesday, the stock recovered completely today, holding a low of .0013c and closing back over .002c. If the stock can break past .0022c tomorrow, we would expect it to rally higher, potentially to .0025-.003c into the end of the week. Keep it on close watch.
PS: We're looking to release a new trade alert Friday morning that looks like it has plenty of potential over the next several weeks. We're putting our money where our mouth is and picking up a few shares as well!
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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.
AI
