Current list of "undiscovered" stocks include - HRBN, AAAC.OB, BSIC.OB, AFAM, CNEH.OB, TVOC.OB.
HRBN - down due to market weakness and lack of volume (and interest). It's trying to test 50-day MA at $16.01. Stock has also been down 4 days in a row. Long term - nothing changed, all fundamentals are still there. Short term - a bounce is expected and new leg up should commence shortly after successful test of 50-day MA.
AAAC.OB - same old "Nasdaq listing any day now". Still waiting... It's nice to see the stock to break 7.90-7.95 level on volume in both stock and warrants. Very large bids are showing up on Level II in the past few days.
BSIC.OB - took a dip to below $2 mark after hitting $3. The stock has been up since then, but will probably trade in the range of $2.26 - $2.75 until the earnings report, which should come in at the end of June. With the oil up significantly, we should see nice numbers for the year.
AFAM - probably no need for updates on this one. This is purely long term play, which is not really affected by the weakness in the market.
CNEH.OB - will probably trade in the range for a little bit, as technicals seem to be improving. Watch MACD crossover, as it might occur within a week. The stock will get a lot of attention when Q2 numbers are released, but there is still plenty of time until then.
TVOC.OB - no love for this stock. Extremely undervalued, but nobody wants to buy it with the tiny float it has (314k). Most likely will have to wait until next quarter eye-popping numbers are released in August.
Wednesday, June 11, 2008
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5 comments:
I see you have support for your AFAM choice at smallcapinvestor.com - it's one of their recent picks.
Very nice article. Thanks for the link! It is truly one of the safest long term plays out there.
Nice Blog I like it going to link it to mine
Superman
I noticed that AAAC changed their ticker symbols today, but they are still on OTBC. Should we be concerned about this?
Yes, they changed the ticker to reflect the new company. Nothing to be concerned about.
Here is an example - YTEC.
They were CUAQ.OB (Chine Unistone Acqusition), then changed to YCHTF.OB some time after acquisition. And then, sometime later, finally YTEC (Nasdaq).
So, nothing to be concerned about yet. Just taking a little longer than expected....
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