Archive for April, 2010
US Concrete Inc. ( NASDAQ: RMIX) has obviously failed to reassure investors with its restructuring moves. However, April 29 saw trading at levels as low as $0.5 which were mainly triggered by the announcement about the Company filing for Chapter 11 bankruptcy protection and the uncertainties related to the pending bankruptcy court approval for an $80 million debtor-in-possession credit facility led by JPMorgan. At these levels the markets do not see any positive signals and further rallies can be expected around these levels. The fundamentals of the company have shown some improvements in 2009 compared to 2008 mainly with respect...
NPS Pharmaceuticals (NASDAQ: NPSP) earnings conference is scheduled to start on Wed, May 5 as announced on April 28, but some good news may have been filtered in the stock price as it is continuing to rise since beginning of April. On April 29 the stock recorded increased trading volumes at the $ 6.8 level but has lost some of its momentum at higher levels. The yearly financial results as released on April 15 for the year ended 2009 have shown an improvement: + net loss of $17.9 million or $0.37 per diluted share for 2009 vs net loss of...
China Media Group Corp. (OTC: CHMD.OB) was slightly lifted from the bottom after the company published its 10-k on April 17. Currently the company trades in the $0.03 range up from $ 0.015 earlier in April. China Media Group Corp. recorded a higher gross profit number of $ 85 K for the year ending December 31, 2009 compared to $ 44 K for the fiscal year ending December 31, 2008 and $ 28 K for the fiscal year ending December 31, 2007. This gave the market enough evidence that the company is on the right track and will be enhancing...
Big Bear Mining Corp. (OTC: BGBR.OB) has suddenly flashed on the trading horizon. The stock started climbing since mid March based on both press releases and stock promotions. Although the company filed information about issuing its 779,000 shares at $ 0.1 as early as March 17, 2006, the trading history for the company available through OTCBB is short – only since mid March this year. This limits somewhat the possibilities offered by technical analysis. More insights into the trading pattern can be gained by exploring the compensation offered to stock promotion companies. Big Bear Mining Corp. is pushing hard on...
Avro Energy, Inc. (OTC: AVOE.OB) has made some gains in the past two weeks, but will it reach the $2.5 level as of October 2009? The stock started climbing since April 19 from its $0.15 level but has failed to show a stable upward trend. The stock shot as high as the $0.3 level but its upward potential is yet to be judged. The continuous stock promotions that run since April 20th have probably failed to bring the desired results, especially taking into account April 21st when the stock actually fell 23%. The financial highlights cannot be used as a...
Hana Biosciences, Inc. (OTC: HNAB.OB) has started climbing gradually from the $ 0.20 level since mid-April. Currently the stock is fluctuating within the $0.25 to $ 0.26 range compared to the $ 0.23 to $ 0.24 range from a week ago. This move may well be considered a favorable reaction to the recent announcement the company made that complete data from its pivotal study of Marqibo(R) in patients with relapsed/refractory adult Philadelphia chromosome-negative acute lymphoblastic leukemia, have been accepted for presentation at the 46th Annual Meeting of the American Society of Clinical Oncology (ASCO) to be held June 4-8, 2010...
Over the last week The Amergence Group (OTC: AMNG.PK) slightly jumped as a result of a suspected promotion campaign or news driven trading with the net effect of $ 0.05 rise. This can leave a lot of curious investors wondering and pondering but hopefully not for long as this exercise appears to be a complete waste of time. It is surprising that there could be a favorable price reaction to just an announcement of some business commotion in Hong Kong. Besides the name change to PanPacific Business Ltd. which probably means also some sort of merger with its former...
Lecere Corporation (OTC: LCRE.PK) a software start-up company is traded on the news about its penetration in the field of restaurant ERP systems. The stock has slightly picked up but is still trading far below the one penny level. The price change is directly related to the news as released on April 20th about project pilot kick-off at initial customer and support for the Apple iPad. Financial information about the company is not available. The business proposition is a software, designed to include the following distinctive modules: 1. Point-of-Sale (POS) – Cash Register plus Labor Time Clock 2. Real-Time, Interactive...
The stock of HeadsUp Entertainment (OTC: HKUP.PK) is enjoying an interesting cyclical pattern and is probably a good example where technical analysis might be helpful in case this investment is considered. The critical part of the exercise is to find exactly what these peaks are associated with and trade on the findings. One hypothesis can be good news about the stock reinforced by promotional campaigns. It can be argued that the lack of any news regarding the company activities in the beginning of April resulted in its lower price levels. The price of the stock started picking up towards the...
SpongeTech Delivery Systems, Inc. (OTC: SPNG.PK) is announcing business progress while at the same time fighting negative publicity starting in October 2009 and triggering a rapid decline in the price of the stock. Among some of the marketing initiatives presented by the company are: licensing its trademark, The Smarter Sponge to Rockstar Holdings, Inc. which is expected to help sell SpongeTech products at kiosks in the malls at Kings Plaza, Brooklyn, New York and elsewhere in North America; launching Mother’s Day special offers for professional cosmetic applicators; expanding offerings for the medical foam market in wound and burn care; increasing...