To OTC Journal Members:
 

Comments in the BLOG

There are three new BLOG entries since my last publication. There are comments on PhotoChannel Networks (OTC BB: PNWIF- a profit alert), eFoodsafety (OTC BB: EFSF) which came down to a favorable entry level, and Commerce Planet (OTC BB: CPNE) which blew through my target price today like a NASCAR driver at the finish line. What an awesome week- two core OTC Journal ideas making new all time highs and blowing through target prices. It's as good as it gets.

The BLOG is your opportunity to ask questions and offer comments. I will make an effort to answer every legitimate question. If I don't know the answer, I will contact the management and get the answer. Alternatively, if you have questions you don't want publicly displayed, you can always email me directly at editor@otcjournal.com.

To use the BLOG, simply go to the home page at www.otcjournal.com - the BLOG scrolls down from the upper right hand corner. The most current journal entries appear on the right hand side of you screen. Check back frequently for updates particularly when stocks are moving to overbought or oversold levels in volatile markets.
 

Commerce Planet Blows Through $2 To New All Time Highs

Something has changed, and I'm not exactly sure what it is. However, it is great for shareholders in CPNE. The stock blew through my $2 price target today on huge volume, and clearly someone has surfaced and wants this stock in a big way.

If you sold it, never look back at the great profit you took. Let someone else make the money from here. If you still have, do not sell all of. You might not want to sell any. Here's the chart:

The blue horizontal line you see at the top of the chart was this stock's previous all time high, set in February of 2005. I didn't want to go back that far because it were blur the current break out.

The stock made a new all time high today on a fairly big volume surge. Something seems to have happened with the supply side on this one. In the past, this level of volume would have been met with selling which has been well documented- perhaps over documented.

Today's action in the stock is technically huge, and sets the stage for yet higher levels.

If you are still holding this one I would not sell it. Something has changed. I don't know what, but the market sure seems to like it. I'm sure we'll find out what's going on at some point in the future.

What a week- PNWIF, now CPNE. Long term OTC Journal readers know I have stuck with this stock for almost three years now. I caught a lot of complaints when it fell apart in late '05 and into '06. Today's new all time high means you are making money no matter where you picked it up. 

I was off by 30 days on my forecast the stock would trade to $2 in 2006, but better late than never. This stock is sweet vindication for the past. This stock was my #1 idea in 2006, and it's paying off big time now. If you still have it, hang in there until the smoke clears.
 

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