Quick Commentary of $1 - $10 Stocks!

 

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1) Dryships, Inc. Symbol: DRYS Closed position! A new stock is coming soon to replace this stock.

DryShips Inc. is a global shipping transportation company specialising in the transportation of drybulk cargoes.

Their capesize and Panamax drybulk carriers carry predominantly coal and iron ore for energy and steel production as well as grain for feedstocks. Their handymax and Handysize drybulk carriers carry iron and steel products, fertilizers, minerals, forest products, ores, bauxite, alumina, cement and other construction materials. These raw materials and products are used as production inputs in a number of industries. They transport these various cargoes on several geographical routes.

Commentary: The Baltic Dry Index keeps rising and the stock is forming a strong w-shape on the weekly chart. Zetlock is waiting for the financials.

2) Bank of America, Corp. Symbol: BAC

A financial holding company that provides a range of banking and nonbanking financial services and products in the United States and internationally. The company’s Global Consumer and Small Business Banking segment offers savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, regular and interest-checking accounts, and debit cards; U.S. Consumer and Business Card, unsecured lending, and international card; consumer real estate products, including mortgage products for home purchase and refinancing, reverse mortgage products, and home equity products; and insurance services.

Commentary: The bank is unlikely to need more federal assistance. The MACD indicator for the weekly chart has turned positive. Reload when the 13-weekly moving average indicator turns flat.

3) Citigroup, Inc. Symbol: C

Citigroup provides a range of financial products and services to consumer and corporate customers. The company operates through four segments: Global Cards, Consumer Banking, Institutional Clients Group, and Global Wealth Management. The Global Cards segment offers MasterCard, VISA, Diners Club, private label, and American Express card products. The Consumer Banking segment involves in retail banking, consumer finance, real estate lending, and small and middle market commercial banking; and provides personal and auto loans, student loans, investment services, and Primerica financial services.

Commentary: The bank was profitable for the first two months of 2009, excluding potential write-downs and loan-loss provisions, enjoying its best performance since third quarter of 2007. Citiroup is expected to make money for the full year. For the technical analysis, the stock bounced off the dollar range. Wait for the gap to close on the daily chart for the second reload.

Emergent Group, Inc: Symbol: LZR

Emergent Group Inc., through its wholly owned subsidiary, PRI Medical Technologies, Inc. (``PRI Medical''), provides mobile medical laser and surgical equipment in 16 states on a per-procedure basis to hospitals, outpatient surgery centers and physicians' offices. Surgical equipment is provided to customers along with technical support personnel to ensure that such equipment is operating correctly. PRI Medical currently offers its services in five states in the western United States and 11 states along the eastern seaboard.

Commentary: Operating income for the quarter rose 69% over prior year period, and the MACD indicator for the weekly chart has turned bullish. Emergent Group has paid cumulative annual dividends of $0.90 per share over the past four fiscal years.

 

 

 

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