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  • Potential Stocks to Watch for Tuesday || XOMA | BAC | VCTY | IRE |

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    Tuesday Jan. 04, 2011, 07:42 am EST
     
    Stocks to Watch on Tuesday- XOMA, BAC, VCTY, IRE
     
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    XOMA - XOMA Limited (NASDAQ:XOMA)
    XOMA Ltd. (NASDAQ:XOMA)announced yesterday that it is hosting a conference call Today, January 4, at 8:30 AM Eastern time (5:30 AM Pacific time) to provide a business update. XOMA is always known for continuously doing such conferences to give a boost to their stock price to earn heavy dollars regularly even when waiting for the approval.
     
    BAC-Bank of America Corporation (NYSE:BAC)
    Bank of America Corp. (NYSE:BAC) gained around 6.5% on Monday after it announced agreements with Freddie and Fannie. Investors are positive about the market now and Financial stocks will continue growing. If you are a short term investor, this stock is not for you but if you can hold for long, Bank of America Corp. is a good stock.
    VCTY- Videolocity International, Inc. (PINK:VCTY)
    Videolocity International, Inc. (PINK:VCTY) gained 50% yesterday after it named the purchaser of its subsidiary Avtar Singh Construction (ASCC). The buyer Evader, Inc. (EVDR) will pledge about 800 million shares as security in escrow in a complex transaction that will allow EVDR to securitize certain financing and debt to secure control of VCTY's subsidiary ASCC. ASCC (http://www.videointernationalcorp.com/ascc.php)
    is one of the major developers in Chandigarh, India, with strong ties to the local community and municipal governments. VCTY has been a part of more than a dozen paid promotions last year resulting in this stock price. You should be cautious while trading such stock .

     

    IRE- Bank of Ireland (ADR) (NYSE:IRE)
    I will still classify Bank of Ireland (ADR) (NYSE:IRE) as one of the 'High risk High reward' stock. Ireland's troubles are not over yet and the nation's only remaining private Bank is also struggling for its survival. Bank of Ireland can be a great investment if it can come out of this without getting nationalized. Shares of IRE have been steady since past few days. A small portion of your portfolio in IRE is not a bad idea but you have to forget about it for at least 2 years.
     



    God Bless,
    Be Rich.


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