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Have been successfully trading small cap stocks for the last fifteen years due to my willingness to learn and understand the minor details of technical analysis. Within the past year I have set up and managed one of the most up and coming small cap newsletters "SuperNova Alerts" from... More
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  • EGT Is One Volatile Gaming Stock

    Evening members,

    For those of you that love the thrill of the small cap or "penny" stock markets, then I would encourage you to take a look at EGT Entertainment Gaming Asia Inc.

    Here is a stock with a market cap of just 123 million and a float of around 63 million shares. These are the types of small caps I love getting my hands on right before they see a major breakout.

    Yes EGT has already seen a solid move in the last week or two, but looking at the weekly stock chart for EGT it's clear to see this stock was trading at just over $5 per share not very long ago and is just now starting a potential major ascend up the line.

    As a matter of fact, for you fundamental traders out there, EGT has approximately 46% of its shares held by insiders. Simple math says if nearly 50% of your shares are held by insiders that something good must be going on with the company; or so we hope.

    Technically speaking, EGT is nearing a big breakout point of $1 per share and if this happens cleanly tomorrow morning, then we could see a potential pop to $1.20 to $1.25 or maybe higher.

    For all the details on EGT and where I think this small cap wonder could go if we break $1.25 then please click here

    I look forward to updating you on this technical breakout chart of EGT and many others as time goes on.

    As always, good luck and happy trading.

    Entertainment Gaming Asia Inc. engages in the ownership and leasing of electronic gaming machines (EGMs) in resorts, hotels, and other venues primarily in Cambodia and the Philippines. It also designs, manufactures, and distributes table game products consisting of RFID casino chips that enable casinos to identify counterfeit casino chips and track table play; traditional casino chips for various table games that include a range of American-style gaming chips; and RFID casino plaques. In addition, the company engages in the design, manufacture, and distribution other plastic products. As of December 31, 2011, it operated 1,477 EGM seats, which included 719 EGM seats in Cambodia and 758 EGM seats in the Philippines. The company was formerly known as Elixir Gaming Technologies, Inc. and changed its name to Entertainment Gaming Asia Inc. in July 2010. Entertainment Gaming Asia Inc. was founded in 1995 and is based in Central, Hong Kong.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: EGT
    May 02 1:41 PM | Link | Comment!
  • Two Highly Promoted Penny Stock SNPK And SEFE

    Hello Traders and thank you for taking the time to read through this article. You know, if there is one thing I love it's trading penny stocks and volatile ones at that.

    Recently penny stock traders from all around have been scalping and swinging two highly promoted penny stocks in SNPK Sunpeaks Ventures, Inc. (SNPK.OB) and SEFE SEFE, Inc. (OTCPK:SEFE)

    Sure these two stocks are probably frowned upon by many "small cap" investors but why should they be? I mean after all, they each have seen runs of over 757% and 294% respectively. So what is so wrong with that?

    I guess small cap traders don't like the idea of "Stock Promotion" all that much, but if it offers an opportunity for "liquidity" then who cares right?

    My take on this is although some penny stock promotion can lead to manipulation and even potential scams, at least the promotion offers traders like me an opportunity to get in and out quickly with medium to sometimes very large profits. I mean take a look at both SNPK and SEFE before they started their promotions and the stocks probably had and average of $20,000 traded per day, give or take. Then just on day one of the SNPK promotion the stock traded over 159 million shares between a low price of $.28 cents per share and a high price of $.47 cents per share. Tell me that's not liquid enough to get in and out of without worrying about damaging the stocks price.

    Then SEFE kicks off its promotion and it seems anywhere from 3 million shares per day upward of 15 million shares per day on a penny stock that ranged from $.80 cents per share to a high of $2.96 most recently.

    I just think its personally time to put down the "promotion is the devil" sign and at least be open to the idea that some promotion actually helps the stock and the shareholders.

    Before I go, I would like to break down SNPK and SEFE based on the technicals and let you know what I see in the charts. First off, SNPK just saw a major pull back from $2.40 per share down to $.48 cents per share and is now seeing a smaller secondary run. With the price hovering around $.70 cents I would watch the $.75 to $.80 mental resistance points and the 20 moving average line which currently sits at $1.20 per share all as potential resistance points. With this being said, the supposed "one month" promotion on SNPK could very well be nearing and end and when the faucet is turned off on the mega promotions like this, then the share price tends to fade quickly. I could personally see this stock falling all the way back down to $.28 cents per share or even worse $.10 cents per share if the promotion goes completely dry.

    SEFE on the other hand has mental resistance at $2 and $2.25 ahead and a previous high of $2.90s that could all act as resistance. If the stock pulls back then the 50 moving average line sits at $1.07 and the current 200 moving average line sites at $.90 cents per share.

    For more details and up to the day updates on SNPK, SEFE and all the hottest small cap and penny stocks, please view this link.

    As always, good luck and happy trading

    Your, "Stock Analyzer"

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Apr 30 4:51 AM | Link | 5 Comments
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