Email : info@otcjournal.com
URL : http://www.otcjournal.com
To
OTC Journal Members:
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Special Announcement |
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Next week we will be releasing our
March Profile. We're not sure what day- market conditions will dictate
the timing. If you have ever heard or read the term "XML"
you will want to read this profile.
XML is an acronym for Extensible
Markup Language. This computer language has only been around since
1998, and it is already considered the Wholly Grail of eCommerce.
It is already used commonly. Both the quote feed for the NASDAQ and
the SEC's EDGAR system run on XML. There are a number of
programs in your computer running it now.
Fortune 500 companies have
a huge appetite for XML since its implementation can be a major
cost saver. In any economic environment large companies have budgets for
projects which will save money.
Our porfile's stock is currently
at its lowest level in history, and the company's business is improving
rapidly. Stay tuned for the profile next week.
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Monday's
Market |
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We received a lot of positive comments
on our Trading Alerts from the February 28th picks of Nokia (NYSE: NOK)
and JDS Uniphase (JDSU). These ideas come from our friends at the
Swingwire (www.Swingwire.com).
Some of the better Cyber Analysts
at the Swingwire had targeted the 2040 level on the
NASDAQ as a low risk entry point. For those of you who were watching,
the NASDAQ hit this level yesterday.
If the market gaps down on Monday
morning we will be issuing Trading Alerts on at least two mid cap
technology stocks that are technically oversold and due for a serious bounce.
We will try to get them out by 8:00 Pacific Time if the market cooperates.
Currently, there are 450,000 members
in the OTC Journal, and it takes about 3 hours to deliver 95% of
our emails. If you want to get the heads up ASAP, simply go to the following
OTC Journal archive web page: http://listserv.otcjournal.com.
That day's newsletter will archive the moment it begins mailing. You might
want to check that web page throughout the course of the morning, particularly
if the market is down at the open.
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Envoy
Communications (NASDAQ: ECGI)- A Very Disappointing Week |
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On the heels of more spectacular
corporate news on Tuesday, Envoy traded high volume Tuesday and
Wednesday in the mid $3 range, then collapsed with the rest of the market
to close at $2.75 on Friday.
In view of the company's announcements
this week highlighting contracts with both Microsoft (NASDAQ: MSFT)
and Intel (NASDAQ: INTC), this is particularly disappointing.
Apparently the sellers in this stock
are not completely cleaned out as we had hoped. There are still weak shareholders
needing to raise capital with no regard for the company's future or the
price at which the stock is trading. This is the type of market that shakes
out the weak hands.
When a small stock like this one
trades relatively high volume with no upside movement in the price, this
is a sign that the stock is likely to start down. Conversely, when stocks
like this trade low volume with no downside movement in the price, this
can be an excellent entry point.
Based on this past week Envoy
could go to $2, or rebound to $4. It is difficult to predict in the short
term. When the sellers dry up the stock will go higher. If you are an investor
with a six month time horizon you should be amply rewarded. The company
has tremendous momentum, and eventually it will be reflected in the price
of the stock.
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Visa
Gold Explorations (CDNX: YVL) |
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We featured this company in last
weekend's edition. We have been following Visa Gold since December.
This stock is a speculator's dream, and should be relatively immune to
the bear market and economic slow down.
Visa Gold is the first commercial
company to explore Cuban waters for ancient ship wrecks in partnership
with Government owned corporations. Their first discovery, the brigantine
ship “Palemón” lay undisturbed for 161 years until discovered in
August of last year by Visa Gold in partnership with Cuban Crown
Corporation Geomar S.A. Thousands of valuable artifacts have been recovered
from this site.
There was a great feature article
in yesterday's Boston Globe on the company. To read the article
in its entirety simply click
here, or go to the following web address: http://www.boston.com/dailyglobe2/068/nation/Treasure_islandP.shtml.
The article will give you an excellent
overview of the company and its potential. If you are a risk taker this
stock is for you. Read about the company and see if you agree.
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