Archive for January, 2010
Mahanagar Telephone Nigam Limited (NYSE: MTE) Slips To Red
Mahanagar Telephone Nigam Limited (NYSE: MTE ) had a costly third fiscal quarter on top of decreased service revenues which forced them to turn in not too shiny financial report. The New Delhi based basic and cellular service provider said sales were down 6% to INR9.02 billion ($190 milllion) and operating costs jumped 51% to IRN 19.49 billion ($420 million) making a deadly combo.[BANNER] Net loss of IRN8.9 billion ($190 million) was surprisingly high, considering the state run company had seen IRN531 million ($11.5 million) profit on a year ago quarter.
Spongetech Delivery Systems, Inc. (OTCBB: SPNG) Launching Yet Another SPONGE
Spongetech Delivery Systems, Inc. (OTCBB: SPNG ) came up with yet another type of pre-soaped and wax filled sponge they claim will find its place in the marine oriented market. The press release touts the product as being the ultimate solution for cleaning boats till they shine.
Defense Solutions Holding, Inc. (OTCBB: DFSH) Secures Foodstuff Supply Contract
Defense Solutions Holding, Inc. (OTCBB: DFSH ), originally a military production oriented company, has pushed forward with expanding their commercial influence in Iraq by securing a $60 million contract for foodstuff. The contract proposed under competition basis by the Iraq government was secured through the company’s subsidiary Defense Solutions Inc.
Xcelplus Global Holdings Inc (PinkSheets: XPGH) Pushes Forward With Update To Investors
Xcelplus Global Holdings Inc (PinkSheets: XPGH ) ended Friday’s session with a solid 10% gain and seems set for near future appreciation. There are several price driving factors listed in the company’s most recent updates and all look reasonable. Xcel will release full year financials on Feb 24, 2010, but has already stated they’re in the green and set for expansion.
Big Gains To Be Had Trading The Penny Stocks Today – CGMCQ, BGOI, KLGG, STMC
CGMCQ +3,680% BGOI +477% KLGG +900% STMC +247% CGMCQ took home the prize for the biggest daily gain on Friday. It opened the session at $.015 and reached a high of $.40. The stock traded over $700,000 worth of stock.
KATX – Coming Out Of Over-Bought Territory Will Be Healthy For This Stock
KATX fell less than 10% today.
EMRH, CIAS, MSCK – Interesting Read From The Dallas Morning News
Ex-SEC lawyer Offill found guilty in fraud case [The Dallas Morning News] Jan. 29 — Phillip W
Promising penny stocks: MainSource Financial Group Inc. (NASDAQ: MSFG), Cathay General Bancorp (NASDAQ: CATY)
MainSource Financial Group Inc. (NASDAQ: MSFG ) continued to accelerate up after Thursday’s promising quarterly report.
SEVA – HCKI – An Example Of History Repeating Itelf
When you follow these penny stocks long enough you can usually figure out if a stock will run just based on its ticker.
WAMUQ – Set To Post A Big Move Higher?
WAMUQ has been trading in an orderly uptrend since late last year. The stock looks to want to break the $.20 mark, and if it does, last years high could be the next target
PennyStockGuru Stocks To Watch Fri 1/29 – HCKI, SEVA, PFEH, AMMX, ECMH
HCKI and SEVA should both open the Friday session higher before profit takers swoop in and bring these stocks back down. They will both be interesting to watch.
HCKI – Trading Up Over 6,000% On Chapter 11 Emergence PR
A Pre-market press release from HCKI has sent the shares up from its prior close of $.0005 to a daily high of $.049. The stock currently is trading at $.03, still an impressive one-day gain
Eastman Kodak Company (NYSE: EK) Up On Return To Profitability
Eastman Kodak Company (NYSE: EK ) had a bright start of the day on Thursday, as the company recently posted Q4 profit and demonstrated a possible longer term stability is underway. [BANNER] With $443 million sitting on the bottom line ($1.40 per share) Kodak made their first profit after more than a year’s break. The result surprised analysts big time, as expectations were in range of $0.18 per share
Zevotek, Inc. (OTCBB: ZVTK) Accepts New Board Member
A change of management in Zevotek, Inc. (OTCBB: ZVTK) brought a wave of positive reaction on the market. The stock price appreciated 28% on the news but clearly the move was a onetime deal
The PennystockGurus Stocks To Watch Thursday 1/28 – AMMX, VIPR, KATX, PFEH, GTLA
AMMX posted a dissapointing Wednesday as investors were on the ask side and putting pressure on the bid.
