Archive for March, 2010
Government sets out $9.5 billion rescue of Dubai World
Posted on March 25, 2010Hot Stocks for March 25th 2010 TGLN IVIT MIDN AAPH
Posted onBreaking News and Technical Analysis Update for March 25th 2010
FRANKLIN, KY, Mar 24, 2010 TBC Global News Network, Inc. (OTCBB: TGLN) (www.tbcglobalnews.com) is pleased to announce the acquisition of Sterling Yacht Sales, Inc. of Lighthouse Point, Florida. Under the acquisition agreement, the Company purchased all of the common stock of Sterling Yachts, Inc. and Mr. Glenn McMachen joined the board of directors; and will later assume the positions of Chairman and CEO.
Technical Outlook
TGLN had a serious breakout over the 50 day moving average (.0014) this morning. We have minor resistance at .0025. Traders and Investors will be watching this level very closely over the next few days.
Invicta Group, Inc. (OTC) IVIT
CHICAGO, IL, Mar 25, 2010 Invicta Group Inc., (http://www.ivitgroup.com) (PINKSHEETS: IVIT) is pleased to announce the re-launch of the United Fuel Savers website. The new website launch was designed to coincide with United Fuel Savers (www.unitedfuelsavers.com) new D-200 product launch at the 2010 Mid-America Trucking Show in Louisville, KY. United Fuel Savers is a world class designer and manufacturer of Hydrogen On Demand Fuel Systems (HOD) whose products are designed to decrease harmful toxic emissions and increase fuel efficiency. The new website includes an updated look along with a full back-end content management system that will allow the features of the site and end-user access to grow along with United Fuel Savers business.
Technical Outlook:
IVIT is flirting with a major breakout this morning as Traders and Investors are watching the psychological .001 resistance level very closely. A breakout above this level could spark some serious momentum in the stock and should be closely watched. IVIT is currently at 11% and 55 million shares traded in the morning session. If you do not know what psychological support and resistance is when trading penny stocks please read our latest article on the subject. Click here http://tiny.cc/ivit
Med Gen, Inc. (OTC) MDIN
HOLBROOK, N.Y., March 24, 2010 Med Gen Inc. (Pink Sheets: MDIN) announced today that its wholly owned subsidiary, NorthStar Business and Property Brokers, Inc. has launched Bizbrokerschool.com, an online interactive training program that offers subscribers the opportunity to learn all aspects of business brokering, enabling them to launch a career as a business broker.
Technical Outlook
MDIN here is another stock that is flirting with a major breakout over the psychological 0010 level this morning. Traders and Investors will be focused in on this breakout level which could spark some serious momentum in the stock. A weekly close above .001 could be the start of the longer-term trend. MDIN is up 22% on 101 million shares traded in the morning session. If you do not know what psychological support and resistance is when trading penny stocks please read our latest article on the subject. Click here http://tiny.cc/ivit
Arrowhead Research Corp. (OTCBB: AAPH)
SCOTTSDALE, AZ, Mar 24, 2010 American Petro-Hunter, Inc. (OTCBB: AAPH) (“American Petro-Hunter” or the “Company”) is pleased to advise on preparations at the Company’s California-based natural gas play which is internally referenced as the Sacramento Gas Project and to update events regarding the Rooney Project in Kansas.
As previously announced, a seismic shoot on the California location was undertaken in 2009 and that data has now been combined with seismic reports purchased from other engineering firms. The data is being re-processed with the aim of identifying a location best suited to test the prospect. The results of this analysis will be made available to the Company shortly and we anticipate a consensus on a well location followed by near immediate preparations for drilling. The proposed test well of 7,800 feet will confirm the presence of gas within sands that are indicated by 2D seismic to be in excess of 50 feet of gross pay with Potential Recoverable Reserves that have been calculated at 42 BCF.
Technical Outlook
AAPH Traders and Investors are watching the psychological 1.00 resistance level very closely this morning. A breakout and weekly close above this psychological level will be very bullish for the stock. AAPH is currently up 6% on 669,000 shares traded in the morning session.
Hot Stocks for March 24th 2010 ECOG BGEM CBAI
Posted on March 24, 2010Breaking News and Technical Analysis Update for March 23rd 2010
Eco Global Corp. (OTCBB) ECOG
SPRING VALLEY, CA, Mar 24, 2010 Eco Global Corporation (OTCBB: ECOG) announced today that it is offering a new design using its Patented Inca Block Construction System to construct its “Flex D House,” a Flexible House Design that can be built in phases. Phase 1 is a 388 square foot studio home for the families’ first home, Phase 2 integrates with Phase 1 and allows the owner to expand to a 521 square feet house with one bedroom. Phase 3 is added again without major changes which allows the owner to expand to 670 square feet when one more room is needed, the house can grow to a maximum of 1340 square feet on a second floor format. All models come with gray water recycling, solar water heaters and solar panel optional. These designs are being considered now by government agencies and several large developers.
Technical Outlook ECOG is coming off a beautiful technical double bottom on the charts. The stock made a recent high of .06 on February 12. Traders and Investors are watching very closely for a breakout above this level. ECOG is up 23% on volume of 727,000 in the morning session.
Blue Gem Enterprise (OTCBB) BGEM
MEDLEY, Fla., March 24, 2010The Electric Beverage Company, Inc is pleased to announce that its premier sports drink, All Natural Title, has now been approved for sale in all Florida Walgreens drug stores, expanding the fast growing sports drink’s distribution from South and Central Florida to all of Florida and into Southern Georgia. Title will be on middle end stands, a highly desirable presence, bringing the total number of Walgreens stores carrying Title to nearly 1000 stores. The first of the deliveries, which will be executed by Blue Gem Enterprise (OTC Bulletin Board: BGEM), Title’s exclusive distributor, will occur later this week.
Technical Outlook: BGEM is coming off of very oversold conditions. Two days ago the stock bounced off its critical psychological .10 support level. Traders and Investors are using this as weekly support. We have resistance at the 10 and 13 day moving averages for this week. BGEM is currently up 18% on 179,000 shares traded in the morning session. If you do not know what psychological support and resistance is when trading penny stocks please read our latest article on the subject. Click here http://tiny.cc/ivit
Cord Blood America, Inc. (OTCBB) CBAI
LAS VEGAS, March 24, 2010 Cord Blood America, Inc. (OTC Bulletin Board: CBAI), the umbilical cord blood stem cell preservation company (http://www.cordblood-america.com) focused on bringing the life saving potential of stem cells, a biological insurance policy, to families nationwide and internationally, announced today that it has acquired 51 percent of stellacure GmbH, the third largest cord blood banking service in Germany. As stated in the Letter of Intent, Reed’s, Inc. had come to mutual terms with Jones to acquire the company for approximately $9.8 million in cash and stock. On March 19th, 2010, Jones informed Reed’s that it received an unsolicited proposal that it would like to pursue while continuing to have discussions with Reed’s, Inc.
Technical Outlook
CBAI Traders and Investors are watching the psychological .01 area as a major breakout this morning. A weekly close above this level will spark another round of momentum in the stock. CBAI is up 11% on 24 million shares traded this morning.
Technical Analysis Update for March 23rd 2010 Hop-On, Inc. HPNN
Posted on March 23, 2010Boca Raton, FL- TheStockWizards.net newsletter presents stocks that have impact news and positive technical charting indicators on the OTC BB and Pink Sheet markets. In addition to our newsletter, TheStockWizards.net is quickly becoming the fastest growing network destination for Micro-Cap stocks. With over 30 years combined experience, our team of research analysts pride themselves on small cap companies that are potential diamonds in the ruff.
At TheStockWizards.net, we analyze daily market activity and provide our members with our technical outlook, winning stock picks, a weekly top ten list, and daily trading tips from the Traders Corner section of our website. We follow certain patterns that bring you break-out alerts, volume spikes, breaking news, upward trends, mergers and more. We do all the research for you and send it straight to your inbox.
Hop-On Inc. (OTC: HPNN)
Technical Analysis Update: HPNN was the # 1 stock on our Weekly Top 10 focus list at the start of the week. Here are the comments that we made over the weekend in our newsletter:
‘HPNN cracks into the top 10 as the number one pick this week. This reminds us of the
ZVTK bottom play that we called 4 weeks ago off our Top 10 list. The stock is currently trading at .0019 and is sitting right on top of the 200 day moving average (.0019) . Traders and Investors are waiting to see if this level will hold or if we will go down to the psychological .001 level. Either way we are looking for a trading opportunity in the next 7 to 10 days. At some point the stock will have a reversal and will make a 50% – 100% gain on the reversal. A must watch for aggressive traders.’
HPNN has already met our technical objectives of gaining 100% off of a bottom reversal. This was a very unpopular call as traders did not believe the stock would bounce and make these kinds of gains. HPNN is currently up 15% on 197 million shares traded. More importantly it is up over 100% off our bottom reversal call.
If you have not subscribed to are very popular weekly top 10 Newsletter do not waste any time and sign up. Click here http://thestockwizards.net/
Hot Stocks for March 23rd 2010 PMI CTIC JSDA ARWR
Posted onPMI Group, Inc. (NYSE PMI) JSDA
WALNUT CREEK, Calif., March 23, 2010 The PMI Group, Inc.’s (NYSE: PMI) principal operating subsidiary, PMI Mortgage Insurance Co. (MIC), today announced that Freddie Mac has approved PMI Mortgage Assurance Co. (“PMAC”) as a direct issuer of mortgage guaranty insurance. PMAC is a subsidiary of MIC. Pursuant to Freddie Mac’s approval, PMAC may write new mortgage insurance business in certain states in the event that MIC is required to cease writing new mortgage insurance business in those states due to its inability to meet applicable regulatory capital requirements. Freddie Mac’s approval, which is subject to certain conditions and restrictions, will remain in effect until December 31, 2011. As previously announced, Fannie Mae has also approved PMAC as a direct issuer of mortgage guaranty insurance.
Technical Outlook PMI has made a new 3 month high. The short-term resistance level of 3.41 has been broken. Traders and Investors will focus in on 3.41 as a new support level for this week. if this level is maintained on a weekly close this would be bullish for the stock. Next major resistance will be the psychological 5.00 level. A breakthrough this level would spark a new round of momentum in the stock.
Cell Therapeutics, Inc. (NASDAQ) CTIC
GAITHERSBURG, Md., March 22, 2010 Cell Therapeutics, Inc. (“CTI”) (Nasdaq and MTA: CTIC) announced today that the U.S. Food and Drug Administration’s (the “FDA”) Oncologic Drugs Advisory Committee (“ODAC”) panel voted unanimously that clinical trial data was not adequate to support approval of pixantrone for patients with relapsed or refractory aggressive non-Hodgkin’s lymphoma (“NHL”). Currently, there are no approved drugs for patients with relapsed or refractory aggressive NHL that have received two or more prior therapies. Pixantrone would be the first drug approved by the FDA for this indication. The FDA is not bound by the recommendations of its advisory committee and the agency is expected to make a decision whether to approve pixantrone for this use by April 23, 2010.
Technical Outlook: CTIC challenged the psychological .10 support level in yesterday’s trading and it held. Short-term support is .50 Strong resistance will be 1.00 CTIC is currently up 35% on 46 million shares traded in the morning session. If you do not know what psychological support and resistance is when trading penny stocks please read our latest article on the subject. Click here http://tiny.cc/ivit
Jones Soda Co. (NASDAQ) JSDA
LOS ANGELES, CA, Mar 22, 2010 Reed’s, Inc. (NASDAQ: REED), maker of the top-selling sodas in natural food stores nationwide, announced today that Jones Soda, Inc. (NASDAQ: JSDA) has received an unsolicited offer by a third party and has terminated the exclusivity provision of the Letter of Intent (LOI) signed with Reed’s, Inc. on March 9, 2010.
As stated in the Letter of Intent, Reed’s, Inc. had come to mutual terms with Jones to acquire the company for approximately $9.8 million in cash and stock. On March 19th, 2010, Jones informed Reed’s that it received an unsolicited proposal that it would like to pursue while continuing to have discussions with Reed’s, Inc.
Technical Outlook:
JSDA is flirting with a major breakout above the 200 day moving average(.75). Traders and Investors will be focused in on this technical event. JSDA is currently up 36% on 750,000 shares traded in the morning session .
Arrowhead Research Corp. (NASDAQ: ARWR)
PASADENA, Calif., Mar 22, 2010 Arrowhead Research Corporation (NASDAQ: ARWR) today announced that the clinical trial being conducted by majority-owned subsidiary, Calando Pharmaceuticals, Inc., has demonstrated systemic delivery of siRNA and the successful “silencing” of a widely recognized cancer gene via RNA interference (RNAi) in humans. This represents a breakthrough for Calando, its proprietary RONDEL(TM) delivery system, and the field of RNAi. It is thought to be the first ever demonstration in humans of targeted siRNA-containing nanoparticle delivery to tumors using systemic administration, delivery of functional siRNAs, and achievement of specific mRNA and protein reductions via RNAi. Thus far in the trial, no significant drug-related toxicities, known as serious adverse events (SAEs), have been observed that may limit use. Data based on Calando’s study were published in the prestigious journal, Nature, on March 21, 2010 in an advance online edition. The article, titled, “Evidence of RNAi in humans from systemically administered siRNA via targeted nanoparticles,” can be viewed at: http://www.nature.com/nature/journal/vaop/ncurrent/full/nature08956.html. Further discussion of the article and the data may also be viewed at: http://www.nature.com/news/2010/100321/full/news.2010.138.html.
Technical Outlook: ARWR exploded yesterday on nice news. Traders and Investors are focused in on the psychological 1.00 area. The big question will be will the stock close above the psychological 1.00 level for the week. If we get a weekly close above this level you could see a new round of momentum in the stock. ARWR finished up the day 92% on 25 million shares traded.
