5/15 Watch List:
ROX (Castle Brands Inc.)
Thesis: ROX has been on a nice uptrend the past couple of months. Currently consolidating above the $1.70 level. I think this stock has a good chance of running over $2.00 within the next month or so. They inked a deal with Walmart back in February that should be reflected in their next earnings release. Takeover interest has also been increasing.
Price at Close 5/12: $1.77
Buy Zone: $1.70-1.75
Disclosure: Currently Own 1,445 Shares at $1.66
LQMT (Liquidmetal Technologies Inc.)
Thesis: LQMT has a history of spiking on Apple iPhone rumors. With the release of the iPhone 8 planned for fall 2017, those rumors can start swirling again relatively soon. In addition to that, CEO Yeung Tak Li, has been positioning the company within the medical device industry – an extremely lucrative market. Professor Li has a track record of growing companies from nothing into technological leaders.
Price at Close 5/12: $0.27
Buy Zone: $0.25-0.26
Disclosure: Currently Own 682 Shares at $0.27
I’m looking to accumulate more shares of both of these securities depending on overall market conditions and price action of the individual stocks. I’m also watching SIEN, FNMA, and CRIS.
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS WEBSITE. PLEASE REFER TO DISCLAIMER.
Leave a Reply