China Precision Steel, Inc. (NasdaqCM: CPSL)

Today’s screen brought China Precision Steel, Inc. (NasdaqCM: CPSL) to my attention.  I admit that I like Chinese penny stocks because of the size of the market they are selling into and their gain history.  We in the West seem to think there is some “mystery” to Chinese stocks and we talk in hushed and reverent tones about them.

The fact is Chinese stocks are no different than any other stock and all we need to do is to apply fundamental and technical analysis to them to know if they are good trades.  No one can control news or investor sentiment however.  One thing that has held down the Chinese sector stocks is concerns over debt issues with the U.S. and other countries and concerns about Chinese Federal money policy going forward.

Those concerns shouldn’t keep you from looking at today’s stock: CPSL.

CPSL, a steel processing company, engages in the manufacture and sale of high precision cold-rolled steel products in the People’s Republic of China.  The company produces and sells precision ultra-thin and high strength cold-rolled steel products with thicknesses ranging from 7.5 mm to 0.03 mm. It also provides heat treatment and cutting of medium and high carbon hot-rolled steel strips. The company’s precision products are primarily used in the manufacture of automobile parts and components, steel roofing, plane friction discs, appliances, food packaging materials, saw blades, textile needles, and microelectronics. It sells its products primarily in the People’s Republic of China, Thailand, Nigeria, and Ethiopia.                                                                                        source: YahooFinance.com

I have read a great deal about the company and here is what I am perceiving.  They are on a growth mode with the addition of two new steel plants in 2010 and are expanding their export market efforts. Mainland China continues to be their#1 market, but this extra capacity will allow them to expand outside China’s borders.

The latest Quarter’s (3/31) financial results had nothing but good news.  Quarter over Quarter revenues increased 293.4%, company sold a record amount of steel, net profit of $2 million vs. a $3.5 million loss last year, etc, etc..

The balance sheet is good, but not great.  Cash of over $13 million, a manageable debt load with decent debt coverage and a strong operating cash flow.  The balance sheet is very clean, actually.

Insiders own almost 42% of the company with about 7% in institutional hands.   No sales or purchases have been reported lately.

Since their fiscal year end is June 30th, I would expect a run up in the shares to the announcement of earnings.  It appears that CPSL will be solidly "in the black", but earnings announcements are dangerous times to be in a stock.  Make sure that you bracket this trade properly in case the earnings "surprise" is negative.

The Annotated Chart:

Bottom Line:  CPSL is a company that is headed in the right direction.  They have weathered a downturn in their business; they have come out of that stronger imo; they are ramping up production; opening up new markets, etc...

Here is what I am looking at for entry/exit points

Last Close:              $1.34

Buy Opinion:          $1.30 - $1.45

Short Term Sell:    $1.75 - $1.90

Long Term Sell:     $2.50 - $3.00+



Good Luck and Great Trading,


Jeffrey Dean


 

About InvestorSoup


InvestorSoup.com is committed to provide intelligent commentary and solid analysis of small cap stocks, micro-cap stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily on the underserved OTC stocks market, or “penny stock” market, which has traditionally been shunned by Wall Street. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.



 
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Disclaimer
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Neither InvestorSoup.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

ENTR, SMOD, NMTI, HELI, CWLZ, HCP, CVA, PESI, BANR, WAG

IFUS, GBGD, SSPT, CHFY, MNLU, BHWX, YESD, PEPR, SNRY, SNWT

These are a list of Penny stocks in the news today.  I will make comments on stocks where appropriate and add charts if it will help you with your trading understanding of a particular stock.

Don’t forget to sign up for my HOT penny stock alerts.  You will receive periodic emails about some of the most exciting penny stocks going.  As a matter of fact, the first item below (IFUS) was one of my alerts just this week.  My subscribers could be up over 60% if they had played that one when I first alerted them to it.

Impact Fusion Int’l. Inc. (PINK: IFUS) is up 17.95% to $0.0230 on above-average volume of 13.36 million shares. The company has announced a partnership with the National Autism Association to market its Intact Digest product. (PINK:IFUS), (IFUS)

I like this little company.  They have a big hill to climb breaking into this multi-BILLION $ industry, but they seem to be going about it the right way.

Still only 3 cents, this stock could get hot and make a great deal of money for traders.  Keep it on your trading radar.

Chart looks good, too.

Global Gold Corp. (OTC: GBGD) is up 80.00% to $0.0900. Caldera Resources and Global Gold have announced that they have received the final TSX-V approval to proceed with their joint venture agreement. (OTC:GBGD), (GBGD)

Gain is deceiving due to a huge bullish gap on open.  Actual gains were really small for this thinly-traded gold stock.  I would look for the shorters to camp on this one…if they could find any shares.

Shot Spirits Corp. (PINK: SSPT) is up 75.00% to $0.0021 on news of expanded partnership with American Express. (PINK:SSPT), (SSPT)

SSPT is in play.  It could have some strong trading action left in it.  The AMEX news is huge and a quick peek at Yahoo! Finance shows that they know how to play the PR game.

Their is very little info on the company in the form of SEC filings…I guess you will just have to believe all of their PR’s.  Good luck with that!

China Forestry Inc. (OTC: CHFY) is up 50.00% to $0.0300. The company has announced that it has acquired all the equity interest of a Chinese Yew plantation company. The report said that paclitaxel extracted from yew is acknowledged as an anticancer medicine. (OTC:CHFY), (CHFY)
Mainland Resources Inc. (NDA) (OTC: MNLU) is up 18.06% to $0.850. (OTC:MNLU), (MNLU)
Black Hawk Exploration Inc. (OTC: BHWX) is up 23.29% to $0.450. The company has announced that it is releasing a summary report with recommendations for Dun Glen Project. (OTC:BHWX), (BHWX)
YesDTC Holdings Inc. (OTC: YESD) is down 9.73% to $0.0900 on above-average volume. CEO Joseph Noel has recently updated shareholders on the company’s progress. (OTC:YESD), (YESD)

Pepper Rock Resources Corp. (OTC: PEPR) is up 25.00% to $0.0500. (OTC:PEPR), (PEPR)

Solar Energy Initiatives Inc. (OTC: SNRY) is up 20.83% to $0.145. The company has reported record results for the quarter ended April 30, 2010, with revenue increasing by 58% year-over-year to $732,199. (OTC:SNRY), (SNRY)

Nice company with profitable, growing operations.  The solar business is tough with very few companies making it.  SNRY might be one of those who do.

San West Inc. (OTC: SNWT) is up 2.50% to $0.0410. The company has announced that it has already exceeded its revenue guidance for the Q2 of 2010. (OTC:SNWT), (SNWT)

Another nice penny play.  SNWT is extremely volatile and can be a good trade both long and short.  It is a small company but they do a good job of promoting their business and traders are very aware of it.

Could be a good one to keep on  your radar.

About InvestorSoup

InvestorSoup.com is committed to provide intelligent commentary and solid analysis of small cap stocks, micro-cap stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily on the underserved OTC stocks market, or “penny stock” market, which has traditionally been shunned by Wall Street. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.

Investor Soup

This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Beaconequity.com is a wholly-owned subsidiary of BlueWave Advisors. BlueWave Advisors has been previously compensated a total of one hundred and thirty seven thousand two hundred and twelve dollars and fifty cents from Seacoast Advisors (a non-controlling third party shareholder) for SNWT advertising and promotional services that have expired. BWA is currently being compensated twenty thousand dollars from Seacoast Advisors (a non-controlling third party shareholder) for SNWT advertising and promotion. BlueWave Advisors has been compensated seventy five thousand dollars from Green Horseshoe Holdings – non controlling 3rd party shareholder for IFUS advertising and promotion. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this newsletter as the basis for any investment decision.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

GNPG, SNSR, CICS, UNDT, PTSH, TCCO, ENTI, OPTZ, HNAB, VYCO

The following is a list of some of the more noteworthy penny stocks from today.  I will give you the headlines and my commentary about each one.  They are in play today and let’s see how we can profit from them!

Don’t forget to sign up for my periodic alerts on micro cap and penny stocks. When you sign up for alerts from my site, you will receive stocks valued from under 1 cent to several dollars.  I have a strong track record for finding small cap and micro cap stocks that are ready to move. Click here to sign up! Just last week, you could have played LMCO which is up over 70% since my alert. Lots of opportunity for gains on Investor Soup.

Green Planet Group Inc. (OTC:GNPG) is up 59.09% to $0.0350 following its strong earnings results. The company posted revenues of $59.5 million for its fiscal 2010, an increase of 647% from the prior-year period. (OTC:GNPG), ($GNPG)

Interesting company on a strong growth curve through acquisitions.  No profits and a crappy balance sheet, though…lots of debt, poor ratios, etc….

Indicators are strengthening and GNPG could be set to rally.  But, I am not convinced.  They really don’t have much PR going for them and I am concerned for their long-term viability.

Sanswire Corp. (OTC: SNSR) is up 72.79% to $0.117. The company has announced that Global Telesat Corp has agreed to purchase a 50% interest in one SkySat airship for $250,000, with an option to purchase the remaining 50% for an additional $750,000. (OTC:SNSR), ($SNSR)

Very good news for the company which I think could put the stock in play for awhile.  The company is still a very long way away from profitability, but this is a validation of their tech and their direction.  Very interesting chart, too.  I would definitely put this one on your trading radar.

Carbonics Capital Corp. (OTC: CICS) is up 100.00% to $0.0004. (OTC:CICS), ($CICS)

I think the “boat has left the dock” on this one for now.  It may come back at some time in the future, but the challenge is knowing when.  NEXT!

PTS Inc. (OTC: PTSH) is up on 23.32% to $0.0024 above average volume. (OTC:PTSH), ($PTSH)

Technical Communications Corp. (OTC: TCCO) is up 40.62% to $13.50. The company has reported Monday that it has received orders valued at approx. $9.7 million for a major expansion of its DSP 9000 military radio encryptors to be deployed in Afghanistan. (OTC:TCCO), ($TCCO)

The old saying that you invest in the second bullish gap might be relevant here.  Nice pop for the stock, but I am guessing that it will come back to its major support around $9 or $10.  The second bullish gap is when the confirmation occurs.

Encounter Technologies Inc. (OTC: ENTI) is up 105.00% to $0.0041 on very strong volume and great news. (OTC:ENTI), ($ENTI)

Huge news for a sub-penny stock.  It will be interesting to see how the company leverages itself.  These are pretty aggressive projections and they will be hard pressed to top this news.    With a float of 375 MM shares, it will take more than $11 MM in sales to move this “pig” much farther.  I wouldn’t be surprised to see some profit taking in the near term.

But, this is a good stock to watch.

Optimized Transportation Management Inc (OTC: OPTZ) is up 7.14% to $0.300. The company has recently named its new president and COO. (OTC:OPTZ), ($OPTZ)

Hana Biosciences Inc. (OTC: HNAB) saw its shares jump in early trading following the announcement that it has completed a pre-New Drug Application meeting with the FDA for its Marqibo for the treatment of relapsed/refractory adult Philadelphia chromosome-negative acute lymphoblastic leukemia. (OTC:HNAB), ($HNAB)

HNAB had an intraday spike of almost 20% on positive FDA-related news.  The company is on a strong uptrend over the past few weeks, but the indicators are showing the stock is getting overheated.  The company still has a long way to go.  It still has no revenues and a crushing debt load.  It will have to raise money in this year and that could both dilutive and a drag on the stock price.

Vycor Medical Inc. (OTC: VYCO) is down 52.00% to $0.0120. (OTC:VYCO), ($VYCO)

American Sierra Gold Corporation (AMNP) was all over the boards just a few months back.  An exciting new issue with two strong gold properties in Nevada and Mexico, it seemed to have no limits as to how far it could go.  However, like all promoted stocks the promotion eventually stopped, traders took profits and the stock “came back to earth”.

AMNP is at an interesting place right now.  The stock chart seems to indicate that the stock has stabilized from looking at the MACD, RSI and its price action recently.  Having said that, it made a similar base at around 47 cents in late January, but then pushed through that to now trade around 38 cents.  Is this the bottom?…I hope so!

Let’s take a look at why AMNP captured traders’ imaginations in ‘09. AMNP has two projects that seem to have great potential.  Its Urique project in the Sierra Madre Mountains of Mexico is their home run.  It is contiguous to NYSE listed company Gold Corp’s (GG) El Sauzal mine which is very profitable.  To the end of 2008, that mine had produced 1,072,000 ounces of gold and Goldcorp has reported proven and probable reserves of 470,000 ounces left on the property.  the Urique Project, encompassing 71,334 acres, has the potential to be as prolific as the El Sauzal mine according to the company.  However, the earliest revenue from that mine is expected to be 2012.

Its Discovery Day project in Nevada is small in comparison to the Urique project, but is projected to be revenue generating much, much sooner.  In fact, estimates I have read claim that the mine will produce significant revenues for AMNP by the end of the 2010 fiscal year (7-31-10).  Recent press releases touted the fact that the mine has been reopened and they are working towards production in the near term.

AMNP has what every mining and exploration company needs: Financing. The company announced, with great fanfare, an equity-based financing agreement with Tobermory Holding Ltd., a European institutional investor.  According to the latest Q available, AMNP has made two draws against that agreement totalling $800,000.  The initial commitment is for $6MM with up to an additional $10.5MM of financing available.  Of course, AMNP must hit certain milestones, but the fact that they have the financing is huge.  I will read their latest Q (whenever it is issued) to see just how the company is progressing.

AMNP’s Chart…with my annotations

AMNP has got some real potential IMO.  However….remember that for every surge in price, traders who are stuck in  losing position will sell into any strength.  There are a lot of angry traders out there….from reading the boards.  If the company decides to promote their stock again, that could make this thing fly.  Don’t forget to factor in the price of gold into your equation.  Now that the hype and hysteria have died down, AMNP actually looks like a good company with some exciting prospects.

Good luck and good trading,

Jeffrey Dean

Editor-in-Chief

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DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Neither InvestorSoup.com nor its affiliates have a beneficial interest in the mentioned company; AMNP was previously subject to a now terminated promotion agreement. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

I did a blog on Atlantic Wind and Solar, Inc. (AWSL) a few months back and am bringing it back to my members again (link to previous blog).  I think that AWSL might be a good trade for the near term and the long term.

To review:  AWSL is primarily a solar company that has taken advantage of the Ontario Government’s Feed-In-Tariff program to corner the market on rooftop solar installations in that province.  They have other projects outside of that jurisdiction, but the first projects that will make money for AWSL will be in Ontario.  I would encourage readers to view AWSL’s site.  Here is what I wrote in my previous blog:

“By partnering with corporations, associations, land and business owners, AWSL will install, service, manage solar and wind installations that can range from a single rooftop to a full parks.  They are touting relationships that they are working on that will drive them to profitability and a pre-eminent position in the industry in a short time.”

AWSL has been a hot topic on the boards and Penny Stock Chaser has been flogging it unmercifully.  AWSL was even on Tim Sykes radar for awhile and that is the company’s own fault.  They have decided to go the stock promotion route quite vigorously.  But, it is said in this business that small cap stocks don’t move without promotion…and, I believe it, too.

Let’s strip away the hype and take a look at AWSL.  Here is what I have learned from numerous sources:  PR, talks with their IR people, boards, 3rd-party articles:

• AWSL is for real;
• AWSL has partnered with major real estate developers in Ontario province like Cushman Wakefield and Remington Properties to lock up rooftops and other properties;
• They have secured a large number of contracts with the local utilities under power purchase agreements;
• They are working on several large debt financings that will capitalize the company in a big way;
• They are making noises about getting uplisted to larger exchanges (that is always a good thing for stocks)

Here is the chart so you can see what I am talking about:

• AWSL is trading in a range of between $2.50 and $2.75
• MACD is bearish, but is strengthening
• Volume has tailed off, but history shows that it can take off at any time
• Stochastics are neutral and could turn positive with more buying action

I own shares in AWSL and I bought in at around $3.75.  I guess I believed what I was writing.  The stock dividend brought my basis down to the level where I am in the black again.  However, I would like to see all of this potential become realized and I will watch with interest what effect the future news has on the stock.  I know that the shorters are betting that AWSL is all hype and will “fold like a cheap suit”.  I don’t agree.

I will actually end this blog with what I ended the last one:

“My conclusion is that traders should radar list AWSL.  If you trade it, make sure you have a tight trailing stop on it.  Take the gains as they present themselves.  If the stock goes up appreciably, you can relax the trailing stop so you don’t get “stopped out” on any dips (and there will be some IMO).  If this stock gets hot, it could be a $10.00 stock based upon the buzz about it…..Don’t trust buzz though.  I would like to see AWSL start booking deals, signing contracts, getting necessary financing, become a reporting company, etc…, but until then I still remain a fan.”

Good luck and good trading,

Jeffrey Dean

Editor-in-Chief

Disclosure: Long AWSL

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DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Neither InvestorSoup.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

Investor Soup experienced a “phenomenon” the other day.

I did a research report on Washington Mutual (WAMUQ) and posted it to my trade alert section.  Link to my research report.  The response was overwhelming!  I have had literally thousands of unique users follow that link and view it on my site.

That report was a straight forward research report, but I recieved a number of emails asking for my OPINION of the stock.  Well, here you go…

First off, I must repeat the warning that is posted at the beginning of the research report:

Washington Mutual Inc. is in bankruptcy. Investors should be cautious in buying common stock of companies in bankruptcy. It is extremely risky and is likely to lead to financial loss.

Any questions?  No?  Good. It is clear that WAMUQ is not out of the woods, yet.  I find it interesting that a penny stock has a market cap of $354 Million and its branches still number in the thousands.  But WAMUQ’s problems may be much bigger than their branch network.

A particularly harrowing article I read on Seeking Alpha quoted the ongoing legal battles between debtors and WAMUQ and stated that “In their motion to disband, the debtor’s counsel revealed – for the first time – that WaMu’s debts could surpass $50 billion making hopes of any recovery for the equity, “extremely remote.””

There you have it….Equity holders have NO chance with this one.  And, I believe it.  Does that mean that WAMUQ should be avoided?  Not at all, but do not make the mistake of thinking that WAMUQ might be a good position for your IRA.

The chart is telling me several things that nimble traders will want to look at.  I have laid out those items on the annotated chart below:

With WAMUQ, it pays to keep an eye on the chart and on the news.  WAMUQ has been a great trader and could conceivably turn (and turn quickly), so watch the chart.  Look for confirmation that the trend is reversing.  The candles are indicating that buyers are still interested in the stock because it has not been closing at the low of the day.  However, the trend is clearly bearish.  However, my gut is telling me that WAMUQ will turn and turn quickly.

The other thing to watch is news.  WAMUQ has a blizzard of lawsuits, injunctions, and motions between itself and the Fed, FDIC, Goldman Sachs, Regulators, etc…  The Government could pull the plog on WAMUQ at any time.

Lastly, WAMUQ is a sad story.  A proud, venerable institution that traces its origins back to 1889, it fell victim to the its own poor banking practices and the financial tsunami that wiped out so many banks.  WAMUQ is gone for good….what is going on now are just the death throes.

Good luck and good trading,

Jeffrey Dean, Editor-in-Chief

Winning Brands is currently a penny stock that has flirted with sub-penny stock  status very recently and then seemed like it was going to be  dollar stock…all in the space of a few weeks.

As you will see in the accompanying chart, Winning Brands, Inc. (WNDB) has been on a roller coaster ride of late.

I would look for some more confirmation that the stock is basing here at these levels.  It is highly volatile and appears to be under accumulation.

Winning Brands is one of those “take it on faith” stocks….because, there is not a great deal of  information available about them other than some PR, a website and a few filings.  They have made claims that they are going to be fully reporting.  I have talked to the company and they say that they are working aggressively towards that goal.

The company itself has a complete line of eco-friendly cleaning products that they are selling through retail outlets worldwide.  I have some experience in retail and while it is important for WNBD to get broad distribution, it is also important that they back up sales with ads, buzz, point-of-sale promotions….all stuff that costs money that WMBD doesn’t have yet.

They are on a fund raising campaign and will need every penny to make a splash in the market.  I did a very unscientific study and called my local paint store that carried WNBD’s products.  The counter person, at first, didn’t even know they carried it.  I insisted because I saw it on the site and she then located it.  I was hoping for a “gee whiz” testimonial about how this was the greatest product ever.  But, I didn’t get that.

That is, however, what WNBD needs to achieve….. A buzz that will carry the name of the company and its products to the four corners of the globe, literally.  Their “Extreme Home Makeover” tie-in is great, but where are the Billy Mays-type infomercials?  According to a December PR, they are working on a Direct Response ad program.  If that gets seen, it could be HUGE for the company.

WNBD might be a good little trader. It is building a following from what I read on the boards and it has a “story to tell”.  Any break below $.01 and the stock should be avoided.  But, if it can hold this level, then it might be a good entry point.  News and rumor are going to drive this company’s stock.

Be fast, be nimble with WNBD.

Good luck and good trading,

Jeffrey Dean

Note: Yahoo! Finance lists the name of WNBD as Global eTutor, Inc.  Google Finance and Pinksheets.com list it as Winning Brands, Inc.  This must be one of those corporate shells issues.

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Today’s alert company Biopack Environmental Solutions Inc. (BPAC) is a second look for many Soup members.  I previewed this stock with members in early 2010 and, in a multi-day move, returned a solid 42% gain.

It was one of the easiest moves I have watched in a long time. The chart is setting up nice right now, and I am hoping that we are all in for another nice ride. continue

I am still hanging on to my list of “Usual Suspects” and continue to hold the following penny stocks and small cap stocks on my trading radar:

VIVK - I continue to hold this stock in my own portfolio and am still bullish on its prospects.  The challenge this stock continues to have is to get anyone to care.   Stock Charts Link

LGDI - Still one of my favorites.  It has been a great trader since I first alerted members to it back in mid-2009 with the latest 100% gain making my readers and members very happy.  The company continues to execute on its plan and with the strengthening of the underlying commodity price (Phosphate), things look good for the company.  Stock Charts Link

BYSD - I bought in when I first alerted members to it and watched it plummet the next day.  I hung in because I believed in the stock.  It has recovered, so I am sitting on a profitable trade.  I like the chart and I will give it a few more days to see what transpires.  I have put in a stop loss to protect my gain and I am feeling good about the stock.  Stock Charts Link

RZ - I profiled it last week and said that it would continue to fall (and, it did).  I also said I was looking for a bounce (and, it did).  Yesterday, it advanced quite well and this might be the turning point that I was hoping for.  Stock Charts Link

ZAGG - Chart of the Day

I’ve twittered and blogged this stock this week.  Will ZAGG return to past glory?  The chart setup is certainly in its favor.

Long BYSD and VIVK

Good luck and good trading,

Jeffrey Dean

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DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Neither InvestorSoup.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication (with the exception of VIVK, LGDI and BYSD, which are subject to expired agreements). The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.