Gold hit a high of $1414 and closed at $1412 , with the weak dollar and a global economic prices precious metals seems to be investors safe haven. The light trading market during the holidays may allow investors to get in some gold stocks for cheap prices.
PRMO (Prom Resources) .0002 This stock released news via market wire late in trading day:
Press Release Source: Prom Resources On Wednesday December 29, 2010, 3:50 pm EST
ORLANDO, FL--(Marketwire - 12/29/10) -
Prom Resources Inc. (the Company) (Pinksheets:
PRMO -
News) is pleased to announce negotiating interest in a gold refinery.
The company is currently negotiating, a minority interest in a gold and silver refinery. This move will assist the company in consolidating the gold bearing material it has on hand into a purer form when exported and optimize returns. The company expects to increase production and inventory in fiscal year 2011 and while continuing our program of selling gold material that was held back on our second quarter for tax reasons.
This stock saw massive buying and 4 market makers were left 10 minutes into closing and ended up with just 1 market maker left at .0002 . This stock has reached .0004 on several occasions, and this may be the time it breaks out, the company has since released 2 press releases in the last month, with gold reaching new highs and an uncertainty and loss of confidence in the dollar this may be the safest lotto on the market.
http://finance.yahoo.com/q?s=PRMO.PK&ql=0
WTCT (Watch It Technologies Inc) .0008 this stock trades well posting higher lows , today reached .0009 and then closed at .0008, the share structure remains the same as per press release in late november:
WatchIt Technologies Board of Directors Addresses Trading Volume |
|
Watchit Technologies (USOTC:WTCT)
Historical Stock Chart2 Months : October 2010 to December 2010
The Board of Directors of WatchIt Technologies (PINKSHEETS: WTCT) announced in a press release on November 22, 2010 that it had reduced the issued and outstanding shares of their common stock by 550 million shares. The result of the action reduced the company's common shares from 1,140,093.993 to 590,093,000 and created an unexpectedly high volume of trading over the last two days. According to the company, there have been no new shares issued, no notes converted nor any conversions of preferred stock. The company stands by its decision to reduce the number of shares in an effort to increase shareholder value. Of the approximately 590,000,000 shares that are now in the issued and outstanding category, approximately 350,000,000 are restricted. The public float remains at approximately 250,000,000 shares.
The company reports that the unusually high volume of trading is being examined by management in an effort to insure that all precautions are being taken to protect its shareholder base. If any anomalies are found, the proper agencies will be notified.
According to the company, the unusually high volume in trading was met with equal resistance to the downward pressure against the price per share. The price per share only decreased slightly in high trading volume, indicating to the company that their previous actions were positive. Management is pleased that the investor community has strongly supported the company as reflected by the volume of trading. The company believes that once the volume returns to more normal activity, the price per share will begin to more accurately reflect the current and future value. The overall goal of the company is to increase shareholder value and this action is just one of the steps they are taking to accomplish that task.
In an unrelated matter, the company has also announced that it can be followed on Twitter (http://twitter.com, http://twitter.com/watchittech). The company invites its shareholders, both current and potential to sign up for WatchIt Technologies' Twitter account and learn about current happenings and pertinent information on the company and other "Green Technologies."
WatchIt Technologies is actively seeking companies that have the attributes of being highly innovative and "first in" within their respective sector. Most companies partnering with WatchIt Technologies will have already completed their initial R&D and will need management consultation and financial assistance to move to the next level of success and profitability.
This stock can easily run with some added attention , with holiday season , getting in at cheap prices can prove to be very profitable
UWRL (U S Wireless) .0007 this stock saw a surge in buys late in trading day , I still believe this stock has a major run in it , today re-submitted filings to pink sheets, .0006 and .0007 offer a great opportunity once CE gets removed , this will take patience but stock has shown to trade well once it gets in the .0020's Initial Company Information and Disclosure Statement_Dec 29, 2010 | | | | | | |
Gold stocks to watch
SGCP .0021
ALTO .0179 the chart looks like its ready for another leg traded at .09 range in April 2010
No comments:
Post a Comment