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Sold all of my low price stock holdings at the same time I sold the penny
stocks based upon a signal I follow except for 5 issues with long term
potential.Most of what I have seen has been pump and dump so there are no
new ones but these need to be revisited since the drop of the big Nasdaq.The
OTC BB leads a run-up and is cautious on a recovery.
Intermost IMOT
One of the top 5 internet companies in China.
Sales roughly $1,000,000 annually and growing rapidly.
Had a profit last quarter except for special charges.With special charges
loss of $.04 per share.
So = 10,000,000
Float = 5,800,000
Recently signed on a top 5 China Industrial Corp as a client which has
revenue in excess of $2 Billion.
Recently had a private placement of $3,000,000 at $3 per share.
Currently working on a $17,000,000 placement for expansion and a major
acquisition in process.
Current price around $3 per share and some employee stock options are at
$3.50.
Major cause of stock drop from as high as $8 per share was SEC filing
lateness which caused decrease in market makers.Now fully compliant and more
MMer's comming on and dropping bid for inventory is shaking out weak
hands.Trading very close to one year support level.
Disclosure: I am in at 3 5/8 for the long haul as with Agilent.I am doubling
up on Monday.New players may want to consider a stop loss.
Due Diligence:
Be sure to do it.
Best Start www.Intermost.com
FU www.ragingbull.com There are 14 links there.
There are 4 more with merit under $1 and I will post them only if feedback
is positive [let's say 10 people express interest].
Sincerely,
John
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