China Tel Group OTCBB CHTL heads the weekly top 10 focus list.
Nov 13th, 2010 Boca Raton, FL– TheStockwizards.net a free hot penny stock blog newsletter that gives you up to the minute real-time detailed financial information such as CHTL, with quotes and chart updates on the OTC-OTCBB, NYSE, and NASDAQ.
TheStockWizards.net Weekly Top 10 penny stocks includes: CHTL, PRGJ, SPPH, MXGD, EMLL, ENTI, LFBG, CBAI, MRGP, and DGRI
Traders and investors are always looking for stocks that are trading near their 52-week lows for a bottom reversal. CHTL has the potential to make a short-term bottom reversal. Volume has increased over the last week as value investors look to snatch up shares at cheap prices. A weekly close above .20 cents could spark a rally in the stock. Any kind of good news could be the catalyst for a short-term run.
China Tel Group, Inc., through its controlled subsidiaries, provides fixed telephony, conventional long distance, high-speed wireless broadband and telecommunications infrastructure engineering and construction services. ChinaTel is presently building, operating and deploying networks in Asia and South America: a 3.5GHz wireless broadband system in 29 cities across the People’s Republic of China (PRC) with and for CECT-Chinacomm Communications Co., Ltd., a PRC company that holds a license to build the high speed wireless broadband system; and a 2.5GHz wireless broadband system in cities across Peru with and for Perusat, S.A., a Peruvian company that holds a license to build high speed wireless broadband systems.
(2) PRG GROUP INC (PRGJ:OTC)
PRGJ has become very active over the last six weeks as volume has started to increase. The stock has built a nice channel formation over the last two years. A breakout above the upper end of the channel .044 could set the tone for a momentum breakout. TSW is watching for any kind of news to set the tone for this breakout.
PRG Group is a global information, consulting and technology provider that specializes in delivering company wide solutions specifically in the areas of managed services, remote support, business software integration and optimization and enterprise-wide voice, data, networking, unified communications, and security solutions to customers worldwide. PRG Group, Inc. supports middle-market established businesses that already outsource, and businesses seeking to maximize return-on-investment from their in-house workforce.
(3) SPENCER PHARMACEUTICAL INC (SPPH:OTC)
SPPH shocked the small cap community this week when the company announced an unsolicited all cash buyout offer at .97 cents. The stock showed major strength and broke out above its 200-day moving average for the week to close at .60 cents.
TSW noticed that The Rat Pack, a group of market makers (CHDN, SSGI) that naked short sell penny stocks showed up on level II convinced they were going to have an easy time shorting SPPH. So far they are losing the battle and are getting squeezed pretty bad. If you don’t know who this short selling group is, make sure to read our articles on the subject of the rat pack market makers.
Spencer Pharmaceutical Inc. is a US-based Pharmaceutical Research and Development Corporation, which is developing innovative drug release and absorption systems for the treatment of metabolic diseases such as diabetes and metabolic syndrome.
(4) MIDEX GOLD CORP (MXGD:OTC)
Gold is the hottest sector in the small cap market right now. MXGD is another example.
Midex Gold Corp. engages in the exploration and development of mineral properties in Tanzania. MXGD is positioned to take advantage of Tanzania’s rich mineral resources by developing a select portfolio of near-term gold and diamond production projects. With the company’s network of strategic relationships with senior mining professionals and government officials in Tanzania, it is poised to identify key mining concession targets that are ready to be developed.
(5) EL MANIEL INTERNATIONAL INC (EMLL:OTC)
The big question for sub-penny players going into next week’s trading session is whether or not EMLL will breakout above the psychological .001 resistance level?
El Maniel International, Inc. is a diversified publicly traded company with holdings in tobacco, oil, international banking, mining and the fine arts and collectibles industry,
(6) ENCOUNTER TECHNOLOGIES INC (ENTI:OTC)
Traders and investors are starting to find value at these levels. The big question this week is whether ENTI get through the psychological .001 level?
Encounter Technologies, Inc. provides end-to-end technology and online marketing services, including design, build, hosting and online marketing support. The Company specializes in social media, video technology and online entertainment web solutions. ENTI utilizes pre-built applications to provide the platforms in which to base solutions for businesses looking to utilize video technology to increase online collaboration and interaction.
(7) LEFT BEHIND GAMES INC (LFBG:OTCBB)
LFBG continues to make higher highs and higher lows as there has been no technical damage to the chart. The stock continues to trend above its 10- day moving average. A close above the psychological .01 resistance level would be a major win for the Bulls this coming week.
Left Behind Games Inc., doing business as Inspired Media Entertainment, engages in the development, production, and sale of Christian inspirational personal computer video games in the United States.
(8) CORD BLOOD AMERICA INC (CBAI:OTCBB)
TSW profiled CBAI on the weekly top 10 back on October 16th. Let’s go back and revisit what was said on this date “TSW is starting to spot accumulation on CBAI at these levels. Penny stock traders and investors know CBAI will make its annual run in the near future. It is back on the TSW watch list.”
TSW is watching closely for a weekly close above the 200-day moving average at .0066.
Cord Blood America is the parent company of CorCell, which facilitates umbilical cord blood stem cell preservation for expectant parents and their children. Its mission is to be the most respected stem cell preservation company in the industry. Collected through a safe and non-invasive process, cord blood stem cells offer a powerful and potentially life-saving resource for treating a growing number of ailments, including cancer, leukemia, blood, and immune disorders.
(9) MERCER GOLD CORP (MRGP:OTCBB)
MRGP is another gold stock that has the potential to get on a nice run. TSW is watching very closely for a breakout above the 200-day moving average on the daily chart. Could happen this week.
Mercer Gold Corporation is focused on gold exploration and resource definition in Colombia. The Company acquired the prospective Guayabales Project, located in the Marmato Gold District, Department of Caldas, in early 2010. MRGP is exploring the Guayabales property and is seeking to acquire additional prospective gold properties in Colombia.
(10) DUTCH GOLD RESOURCES INC (DGRI:OTC)
DGRI is another gold stock that is potentially going to break its 200-day moving average this coming week!
Dutch Gold Resources, Inc. is engaged in the production and development of gold reserves in North America. The company’s strategy is to focus on overlooked resources that can be quickly and cost-efficiently brought into production, and to seek out potentially significant exploration targets in high value geographies. The Basin Gulch project Montana, the Jungo property outside Winnemucca, Nevada, and the Gold Bug Mine in Oregon comprise the Company’s current portfolio.
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