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Hi Everyone & Welcome New Subscribers,
Today was filled with plenty of chaos, from newly announced promotion AACS closing down over 75% on more than 100 million shares served, which was an absolute disaster, to BIZM closing down nearly 20%, showing it’s first real signs of weakness. After a solid day for the stock’s on our watch today, our list for Friday remains the same.
ARTH – Potential Breakout – (Arch Therapeutics, Inc.) – closed up 5.36%, at .885c a share, on 637,241 shares traded. Shares closed higher for the second day in a row, now up 2.91% with over 7 million shares traded on the week, and appeared to continue to gain traction today after a rather volatile shake all the way down to .43c Tuesday. The stock still seems to be tightly controlled, preventing erratic price movement, but did seem to gain momentum and thin out at times today. It’s very possible this one trades north of $1.00 soon after the amount of volume we have seen trade this week. This one is already starting to remind us of DIMI last year, which ran up to $2.00 after a similar price shake before actually being promoted. Keep this one on close watch.
NORX – Potential Continued Bounce – (Norstra Energy, Inc.) – closed down -1.91%, at .82c a share, on over 2.29 million shares traded today. Shares closed down slightly, but heavy accumulation remained present, and held support above the stock’s 50 day moving average of .76c with a low of .765c a share. We will continue to monitor the stock into tomorrow for support to hold and for a close above .90c over the short term. Keep it on close watch.
VHGI – Accumulation/Trade Alert – (VHGI Holdings, Inc.) – closed down -4.50%, at .07c a share, on 326,028 shares traded today. Shares closed down slightly today, but continued to see steady accumulation which could lead to a breakout in price over the short term. The Company released an 8K filing after hours yesterday regarding updated terms with a new financier, who seems to have offered a much better interest rate in exchange for potential collateral (45% of the Company) if certain obligations aren’t met. Read more, HERE. This lets us know, in our opinion, that VHGI is securing their obligations to bring value to shareholders over the long term by continuing to expand operations at the Landree Mine and increase production. This will be one we continue to watch close and suggest you do the same.
The Penny Stock Experts Team at Todayspickis.com
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