Tuesday, February 23, 2010

ONCO, CMCA.. Load up before the news hits...

We are expecting major updates from ONCO, and a reverse merger announcement/details with CMCA. Both stocks are sitting at attractive prices with low volume. They are "under the radar" so to speak, and we think this is a great time to start or add to a position. Good luck!

UPDATE 7:26PM - Well ONCO had news before we even posted and we didn't even know because the company used a cheap PR service that didn't show up on TDAmeritrade or EquityFeed.. The PR was also short of any numbers. We think these two factors led to a condition of no buying interest... and therefore the news sellers sent ONCO into a downward spiral. Seeing this unfolding we sold our position at a loss. ONCO rebounded from its lows and closed at .01, although not on any impressive volume. We'll be watching ONCO but we hold no shares at this point. We truly believed this one would be a runner, but things didn't unfold the way we imagined. If you've traded penny stocks for any amount of time you know you can't win them all. If you are stuck in a position you might be best off to hold your shares for a while, and accumulate cheap ones. The company seems solid, it just needs more attention and a steady stream of news. We hope the CEO will come through and improve shareholder value.

CMCA allowed more buyers/accumulators to get some more ~.03 shares. We think news is close on this one and you don't want to be out when it hits in our opinion.

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