Stocks To Watch 04/26/13 – WSGP INVA FLPC

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Today was a rather fair trading day for the stocks on our watch for Thursday, with REAC and SKTO closing slightly green, and FLPC closing down less than 2% on low volume with signs of a potential bottom forming. LOTE, which has been featured on our blog several times over the past month, has been punishing short sellers like no other promotion this year, closing at new highs of $4.21 today after dipping below $1.50 a share yesterday. Congratulations to anyone who had the guts to hold on for this wild ride!



WSGP  Accumulation/Promotion – (Western Graphite Inc.) – closed up 7.67%, at .9475c a share, on 815,112 shares traded. The stock created new 52 week highs of .96c today, closing just below old highs at .95c, and could be setting up for a test and break of the $1.00 range as early as tomorrow. If/when that happens, be on the lookout for momentum to pickup, and a potential rally to begin. As mentioned earlier in the week, HERE, when the stock was trading at .83c, this particular promoter’s last play, PSON, made a nice rally in the days/weeks following e-mails & hard mailers. Keep it on close watch tomorrow.



INVA  Volume/Momentum – (Inova Technology Inc.) – closed up 88.89%, at .0085c a share, on over 42.76 million shares traded. The Company has released extremely positive news all week, with some well known names attached to certain contract announcements, and the share price has responded extremely well. Before this week, INVA was trading right near it’s 52 week low of .0014c a share, but has since moved several hundred percent higher. After today’s close, just off today’s high of .0086c, the stock appears like it could test a penny and above tomorrow. Keep it on close watch.



FLPC  Continued Watch – (First Liberty Power Corp.) – closed down -1.79%, at .0055c a share, on over 9.25 million shares traded. The stock has traded down the past three days on relatively light volume, but appears like it could have found a bottom today at .0047c. A positive tomorrow would be the stock holding at or above .0047c as a low and closing again above .005c. With some of the buying that took place at .0055c today, and the depth of Level II looking thin after that level, it could close the week on a green note. After Wednesday’s press release, it appears the Company will be updating shareholders on several things next week, of which could have a much greater effect than this weeks rather bland update. Keep it on close watch while things are quiet.


Happy Trading!

The Penny Stock Experts Team at Todayspickis.com



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