Put this one on your radar right away.

Imaging3, Inc. (IMGG) announced at 6.01 a.m this morning the successful raising of over $2.6 MM through several private placements.  Raising capital is a good thing, right? Not necessarily.  The average price PER SHARE of the capital raise was TWO AND ONE HALF CENTS ($0.025). The problem is the small cap stock is trading currently at SEVENTY CENTS ($.70).  To Read full release:  Click Here

Pretty clear signal to traders that the true value to the penny stock IS TWO AND ONE HALF CENTS .  And, unless these are restricted shares, we could have some very happy, profit-oriented sellers in the penny stock.

The chart also shows a small cap stock that is extended.

It is trading near its 52-week high (September 24th, 2009 at $.74) and I am thinking it will crack soon.

If you trade it, make sure you bracket it properly.

Personal Note:  Today is my Dad’s 83rd birthday.  I send out my love to Kenneth Dean, my dad.  He is the inspiration for what I do.  He caught the love of stocks from his father and has passed it on to me.  HAPPY BIRTHDAY, DAD

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