Or maybe this one... regardless. if you are short you may want to reassess that position...
Green Baron January Effect Stocks Begin to Take Off … Watch Out for More Huge Moves!
On Friday morning, December 30, The Green Baron Report selected several former Green Baron 2005 picks that we believed would exhibit a very strong January Effect. We also stated that all these stocks have been trading flat to down over the past few months even in the wake of positive news, and that all of these companies appear close to major new developments that could be announced in January. We listed our favorite stocks to move in January and the closing prices from Thursday, December 29, 2005. Once again, here was the list:
China Media 1 Corp. (BB: CMDA - .37)
Plasticon Intl. (PK: PLNI - .0039)
Astris Energi (BB: ASRNF - .135)
AP Pharma (NASDAQ NM - $1.52)
ImageXpres (PK: IMJX - .03)
Our prediction was that each stock would make a significant move up between the closing price of December 30 and January 30. A very bold prediction indeed! We have only seen one week of trading thus far, but one stock has already rallied to trade over 100% from our pick price. We want our members to start the year off right and book some solid profits. Here is our first review of each stock selected on this list so you can gain further understanding on what we expect.
Plasticon Intl. (PK: PLNI) – PLNI started its climb higher the day we chose it as one of our January Effect stock picks. PLNI rallied to hit a high of .0083 per share on Wednesday, January 4 on record volume of over 250 million shares traded. The move from .0039 per share to .0083 per share was over 112%. PLNI closed the week at .0056 per share, still over 43% above our pick price.
We acknowledge Plasticon was way oversold at year end, and the stock had behaved poorly over the past several months. However, we continue to believe Plasticon will complete its audit soon and will up list quickly to The Bulletin Board. It is very difficult to predict the completion of a Pink Sheet audit, and PLNI has missed more than its share of deadlines. Regardless, we believe Plasticon has a tremendous business plan, and could generate eye popping revenues from the sale of plastic rebar supports. PLNI should also begin to see significant new product sales from its recent purchase of Semco.
Note: Plasticon CEO Jim Turek and Senior Consultant Bill Howe have agreed to conduct a Green Baron CEO Webcast following the announcement that the audit has been completed. We hope and expect that this interview will be available well before the end of January. |
