Penny Stock Experts Blog - blog.todayspickis.com
Stocks To Watch Tuesday 10/29/13 - FNMA SKTO GLER
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Today was a pretty solid day for the stocks on our watch. With the exception of SGLB, which seems like it might test lower support near .105c, that closed red, both FNMA and NAMG held a gap over their previous close and finished green. After closing just off it's high of day, FNMA remains on our list again for tomorrow.
FNMA - Potential Continued Breakout - (Fannie Mae) - closed up 9.09%, at $2.40 a share, on over 51.8 million shares traded Monday. 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. FNMA closed at $2.20 on Friday, but traded with a low of only $2.26 today after opening at $2.33. After washing out traders who sold the gap this morning, FNMA held the gap well, closing not far off today's high of $2.43. If FNMA can break past $2.43 early tomorrow, it could be well on it's way to moving closer to $3.00 as the week progresses. Keep it on close watch, this one likes to run as we've noted several times.
GLER – Volume/Momentum - (Global Earth Energy, Inc.) - closed up 60.00%, at .0032c a share, on over 138 million shares traded Monday. GLER was featured on our blog earlier this month when shares closed up 90% on heavy volume at .0021c, and they have continued to move up, another 50%+ and counting. At that time, we joked about the information available on GLER, or rather lack thereof related to their business interests, but have since humbled ourselves after the recent move in the stock combined with the trading volume which suggests heavy, serious interest in GLER shares. We located a press release from late August where the Company announced a 20% stake in Hawk Manufacturing, clearly a move that put the company in a position to attract larger fish that believe there is true value in this transaction. Read that press release, HERE. We were probably a little lazy, and careless to say the least in our first mention of the stock, as they do make all of their press releases public via 8K filings, but we're also not solely convinced that this leopard will ever change it's spots either. One thing's for sure, the trend is your friend as they say, and it has pay off greatly when GLER shares are purchased on dips and traded out on rips. After closing just off today's high of .0033c though, it may have another big day tomorrow. Keep it on close watch.
SKTO - Potential Continued Breakout - (SK3 Group, Inc.) - closed up 37.04%, at .0185c a share, on over 44 million shares traded Monday. SK3 Group is acquiring strategic assets in technology, healthcare, and business services and has acquired Medical Greens, Inc., a provider of administrative, accounting and other services to California marijuana collectives, authorized under California law. SKTO was also featured on our blog earlier this month, less than 2 weeks ago, when we mentioned a critical level of resistance that needed to be broke at it's 200 day moving average. Today, shares of SKTO closed over that key resistance which sits at .0162c, closing just off today's high of .0188c at .0185c. If SKTO can break .02c early tomorrow, there seems to be minimal resistance to .025c after; it could spike quickly and make for a nice swing trade. Keep it on close watch, we saw a nice increase in volume today combined with this move in price.
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.
