Stocks To Watch 04/24/13 – FLPC PUNL LOTE

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Hi Everyone & Welcome New Subscribers,


Today was a red day across the OTC Market, which was the total opposite of how the DOW and S&P performed, and further proves how little influence the movement of bigger indexes can have on the kind of stocks we trade. In any event, LOTE had a great day, closing at new 52 week highs on strong volume, and will continue to be on our watch list again with our profiled alert FLPC.



FLPC  Continued Alert – (First Liberty Power Corp.) – closed down -4.23%, at .0068c a share, on over 9.38 million shares traded today. The stock traded down on light volume, finding support (at an ideal spot) near it’s 50 day moving average, and closed just slightly off today’s high of .0071c. Last week the Company announced a secured funding commitment for $500,000 for initial mining operations at Fencemaker and also stated in the same release their plans of updating shareholders sometime this week. Additional details on this non-dilutive funding complemented by other operational updates may be just what the stock needs to push to new highs. Keep it on close watch.



PUNL  Bounce/Volume – (Punchline Resources Ltd.) – closed up 47.62%, at .031c a share, on over 8.8 million shares traded today. We recently put the Company on watch for a bounce, and were a little premature with our mention, but it could now be finally setting up for a real bounce and test of the .05c range. Shares traded as high as .0334c today, closing over .03c, and if they can break past today’s high tomorrow should be setup for another move. Keep it on close watch.



LOTE  Continued Promotion/Watch – (Lot78, Inc.) – closed up 29.93%, at $3.56c a share, on 789,113 shares traded. The stock traded with strong momentum and volume all day, creating new 52 week highs early this morning past $2.82, and closed at new 52 week highs and at it’s high of day at $3.56c. There hasn’t been a stronger big budget promotion over the last month and the stock could have another quick pop in it tomorrow before it starts considering a nose dive. Every time the stock has looked like it may fall apart it has ripped shorts a new one, but all good things must come to an end eventually. Keep it on close watch for another quick trade tomorrow to limit risk.



Happy Trading!

The Penny Stock Experts Team at Todayspickis.com



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