Pages

Monday, May 5, 2014

Monday Night Update

Good Evening Traders

I don't got so much time so I will be brief and get to the point

CTYX- Hope some of you guys got a starter today all buys. The level 2 showed to be as thin as advertised. Nobody selling down here. Today we established strong support at .001 and then someone came out with a 3 million to buy at .0013 he got filled a million and spent the rest of the day with a huge 2 million share bid way above the bid support at .001 the fact that someone stepped up so big is a very bullish sign, but what's more he did not get filled nobody wanted to sell their shares at .0013 very bullish indeed. I am working on more strong DD on this company and will share it with you If it checks out. Please see the company website and their financials posted there very very strong fundamentals on this super low float, and more filings are due soon.

MYFT- Saw a continued increase in volume and accumulation there was very hefty support on the .0006's and a wall formed on .0008 I strongly feel soon the .0006's will realize they have to move up if they want more shares and the .0008 break should send it.

GBGM- my call on the bottom being in here is looking really good no selling today all buys. I think a strong bottom is forming here please see my guest blog post at pennylogic.com/blog if you haven't already.


QLTS- I told you in last weeks blog post to watch for a good move on this floater when expected filings hit congrats to whoever got in on this .002 seems like new support if it breaks .0025 it flies.

GLHV- This stock saw very strong buying out of nowhere today. This has been a dead stock with a low float in health sector and street trader says MJ rumor so watch this. The stock has a history of running even for no reason it trades well

RSHN- I got a chance to speak to Tony (RSHN interim CEO) for about 10 minutes. First of he gives off a good honest impression and seems like a overall nice guy, not a sweetalker just a honest good guy(a exact opposite of  the last CEO I spoke to Brian Kistler of FDMF infamy) he told me he is working daily very hard with a lawyer and accountant to get all of the RSHN stuff together and current. He emphasized very strongly that RSHN is not on the the shelf in any ways and they are working very very hard and things like this just take time. He held off on giving any time frame for anything substantial happening. Later he mentioned that he's just waiting to hear back from "the lawyers". He said they're probably wont be a Reverse Split but would not say for sure. He also said that the "Corr family" owns 500 million shares of RSHN.
If your new to the RSHN story check out the Ihub board some solid DD being done there.

That's all for now

I will be back no later than tomorrow morning with excellent DD on the best looking lotto play (0001X.0002)  in the market till then...