Small Cap Stock Pick: URG
Long @ 1.01
URG has been battling $1/share since October of 2009 and finally hit that breakout above resistance today on increased volume and strong close along with it. The Black Service Crew was alerted that i picked up a long position @ 1.01 as the breakout was occurring. Next target in sight is near 1.20 resistance
Insiders Buying In:
DENVER, COLORADO–(Marketwire – 05/17/10) – Ur-Energy Inc. (TSX:URE – News)(AMEX:URG – News) announces that Jeffrey T. Klenda, Chairman and Executive Director, has increased his ownership in the Corporation.
Since the Corporation was listed on the NYSE Amex in July 2008, Mr. Klenda has purchased an additional 702,000 common shares of the Corporation, of which 168,800 were purchased in the current year. The total cost of acquiring the 702,000 common shares was approximately C$642,000, which represents an average price of C$0.91 per common share.
Mr. Klenda stated “I strongly believe in the nuclear renaissance and Ur-Energy’s future role as a fuel provider. I want my ongoing purchases to reflect that conviction.”
Small Cap Stock Pick : NTWK
Long @ .93 and Adding on dip
NTWK is an old favorite that i have played many times over the years for profits. This grabbed my attention today with its pre-market action that i got in a little too early on @ .93 and the weak market dragged it back down. But i think any weakness provides us with another buying opportunity on NTWK. They just reported an awesome earnings report putting them back in profitability as well has insiders just loaded up 1 million shares with an average buy price of .87
- NetSol Technologies Announces Third Quarter Fiscal Year 2010 Financial Results, Highlighted by a 78% Increase in Sales, Improved Margins and a Return to ProfitabilityGlobeNewswire(Wed, May 12)
- NetSol Founders Acquire Over 1 Million Shares of StockGlobeNewswire(Tue 8:00AM EDT)
NTWK is hugely undervalued carrying just a 5.49 forward P/E ratio with a fair value of $4.79 within its industry compared to its current share price of just .90. I think there is a lot of upside potential for NTWK to see higher share prices over the next few months. I want to be long this stock i dont think this will go below that strong support base threshold in the mid .70s.
Disclosure: Long URG, Long NTWK