Quick update on two stocks - TVOC.OB and TXICF.OB
TVOC.OB had what I call a "day 1 - discovery". Very nice volume with a jump in share price - the highest volume in over 3 years. Keep in mind, 54k volume is roughly 17% of entire float, which is only 314k.
Quick comparison to MXC, which has a float of 540k - before MXC took off from $4's, the stock was trading 0 - 3000 shares for a long time. Then it doubled on tiny volume to $8. Since then, the volume increased significantly all the way to $50+.
OTCBB is the big factor, but TVOC.OB is profitable company with eye-popping fundamentals and with easy comps compared to the last year. 2Q earnings are coming in August.
Recap from the early write-up:
http://undiscoveredstocks.blogspot.com/2008/05/quick-update-on-aaacob.html
Side note: watch TVOC.OB for movement on MXC sympathy.
Actually, TVOC.OB is much better than MXC, which moved from $4 to $44 in just a few weeks.
TVOC.OB trailing PE is 15, while MXC's is 175
TVOC.OB float is 314k, while MXC's is 549k
Latest 1Q earnings came in at .39!!!!
Stock is priced at the last year's oil&gas prices.
In 2007:
Oil Production volume - 61,293 barrels
Average sales price per barrel - $68.04
Gas Production volume - 359,969 MCF
Average sales price per MCF - $7.24
Now, on TXICF.OB (former AAAC.OB).
Very nice volume and movement in the past few days with few big blocks. Yesterday we hit all-time resistance level, plus the chart looked like the stock was getting slightly overbought. I expect the stock to base here (perhaps with some profit taking) before resuming its move.
On the new stocks to watch - not ready yet. Found some red flags that require more research.
Tuesday, June 24, 2008
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5 comments:
What do you think about HRBN? Is it still a buy? The stock looks like it broke resistance and is under $14 again.
I will have an update on all the stocks that I follow tonight.
All chinese stocks are getting undervalued due to the market weakness. Take CSR, for example. Down from $21 to $13 in just few weeks on continuous purchases by the insiders and upgrades.
HRBN has never been a short term stock. Yes, it has broken resistance well in the high $14's, but I'm watching for eventual reversal as it's really getting oversold (along with the market)
I've been following hrbn too. Would like to add some to my portfolio, however, I can't tell where the bottom is for that stock.
Sorry to bother you but I have to ask if you still like TXICF and TXIWF (warrants). Both the stock and the warrants appear to have fallen quite a bit over the last two weeks.
Yes, I'm still in warrants and not going anywhere
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