LOL All the way to the bank $$$$$$$$$$$$$$$$$$$
October 26, 2001
Volume IV, Issue 92
Email : info@otcjournal.com
URL : otcjournal.com
To OTC Journal Members:
Riskless Rebound Portfolio- Special Announcement
As we mentioned in last weekends' edition, we are planning to publish a list of technology stocks trading well below both their cash and book values. These stocks are the fallen angels of the tech wreck.
We view some of these ideas as nearly riskless as the stocks are oversold to the point where they are trading below the cash they have per share with little or no debt. While they are all losing money, one can assume these stocks have the potential to rebound to at least their cash values with the NASDAQ surging nicely.
We have delayed the release of this exciting edition as several of the companies had yet to release September quarterly financial statements. We want to present these ideas based on the most current balance sheets. Some of them have begun moving up in sympathy with the NASDAQ's stellar performance this week, but we believe there is plenty of upside room.
Our mid week edition will provide some perspective on the state of the businesses of these companies, and our riskless rebound ideas will be published next weekend.
Energy Power (OTC BB: EYPSF) - More Related News
We continue to receive boatloads of email traffic on this stock. It is is a stand out for us in a difficult year. The stock was trading at $2.34 on October 3rd, and made a breath taking run to a high of $5.37 on October 11th. This is a net move of 130% in an 8 day period- a throwback to 1999 and early 2000. Click Here to read our updated profile.
If you haven't made money on this stock don't blame it on us. This is the fourth major high volume surge the stock has enjoyed this year, and we believe there is more to come.
After the meteoric rise to $5.37, the stock pulled back to the $3.50 level, and has now stabilized just under $4. Up or down from here is anybody's guess in the short term, but high volume surges to the upside are the norm for this stock, and positions can still be established on pullbacks.
While the short term trading activity is exciting, the long term prospects for the company's future improve everyday. As a result of international turmoil and President Bush's fears of war related interruptions of Middle Eastern oil, Bush's is energy policy favors development of Canadian natural resources. Our friends to the north are affectionately referring to this mega trend as the Bush Push.
Media coverage is fueling the increased volume in Canadian natural resource stocks. An article appeared in last Sunday's Toronto Star which we believe is a must read for anyone following Energy Power. Early in the article there is reference to Bush and Prime Minister Jean Chrétien discussing new drilling initiatives in Alberta, and area where Energy Power is currently exploring for natural gas.
For inquiring minds who want to know, here the lead in and a link to the whole article on the web:
Toronto Star, October 21st edition
Fears fuel Bush's energy agenda
Fortress America worries about imports - even though Canada is principal supplier
William Walker
Washington Bureau
"OSAMA BIN LADEN'S next weapon of terror against the United States could be an attack on its Persian Gulf oil suppliers, a fact President George W. Bush knows all too well.
That's why he's counting on Canada, in part, to play a crucial role in helping defend America from such devastating circumstances." Click Here to read remainder of this important article. |
