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  • Hot Stocks to Watch Today | BP | SPNG | ITMN | CITC | THRR |

    Akorn
    Thursday May 6th, 2010 at 08:35 am EST



    Hot Stocks for Thursday 05/06/2010  BP, SPNG, ITMN, CITC, THRR

    Hey Friends,

    Hot stocks to watch on Thursday 05/06/2010  are
    BP - BP plc(ADR)
    SPNG - Spongetech Delivery Systems Inc.
    ITMN - InterMune Inc.
    CITC - Children's Internet Inc.
    THRR - Thresher Industries Inc. - Click Here for THRR Report

    BP - I don't think there is any need for comments on this. The article is very well written with facts and figures. Read the article and decide yourself. BP is definitely a good investment at this time. Also do some research on Call Options in BP.
    News
    In Wake of Oil Spill, BP Stock Looks Cheap  
    Right now we don't know for sure how bad this crisis is going to get, or how much it is going to cost. We don't know how quickly they can cap the well, how much oil is going to gush out before they do, where that oil will end up and how much business or environmental damage it will do. The situation is changing hourly. What if the giant oil slick gets carried around the tip of Florida by the Gulf Stream?
    Source : Wallstreet Journal

    SPNG- A very bad ending of SPNG. It was one of the most popular pumped stocks. SPNG used the strategy of paying digital publicity companies which take the stock higher by false publicity. Spongetech also announced last year their own target price of 70 cents. As I always say, these stocks are good to earn in a day. Just take advantage of the flow but don't hold them.
    News
    Spongetech Execs Accused In Alleged Fraud Scheme
    According to a criminal complaint filed Wednesday, Michael Metter, Spongetech's chief executive and president, and Steven Moskowitz, the New York pre-soaped sponge maker's chief operating officer and chief financial officer, were charged with conspiracy to commit securities fraud and obstruction of justice. They each face up to five years in prison on the conspiracy charge.
    Source : Wallstreet Journal 


    ITMN - Look at Synta Pharmaceuticals Inc. (SNTA). Their drug failed last year in April and stock fell around 80% to $1.36. This is usually over-selling. Synta came back up to $6.5 highest this year. This is around 5 times profit. No one can say for sure if this will be repeated for Intermune but some correction looks inevitable after dropping 75%.
    News
    FDA Rejects InterMune, Inc.'s Lung Drug-Reuters
    Reuters reported that U.S. health regulators FDA refused to approve InterMune, Inc.'s drug to treat lung scarring and asked for a new clinical trial to prove it works. A new clinical trial could keep the drug off the market for years. InterMune was seeking approval from the Food and Drug Administration for its experimental medicine pirfenidone to treat idiopathic pulmonary fibrosis, a rare, fatal condition in which the lungs suffer scarring due to unknown causes.
    Source : Reuters


    CITC - Company with a novel Idea. They have a good scope for growth if things go as they are planned. A good investment for a week. 30-40% gains are possible in a week. Don't hold this long term as it is poised to come back down once the hype gets over.
    News
    The Children's Internet, Inc. Announces Completion Date for Phase I of New, Interactive Website
    The Children's Internet, Inc. (PINKSHEETS: CITC) announced today that Phase I of the new, interactive website will be completed by August 15th, 2010. The creation of this next-generation and totally interactive web experience is being overseen by "IDEAS - The Innovation Studio" of Orlando, formerly part of Walt Disney Company
    Source : MarketWatch


    Work smart Today to enjoy your Tomorrow.

    God Bless,
    Be Rich.

     

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