3 OTCBB Picks for 12/3
Today's screens come from OTCBB stocks hitting the most frequent new highs. This are highly, highly speculative and are gambles not investments.
HHWW - Horiyoshi Worldwide - As of November 5, 2010, Horiyoshi Worldwide Inc. was acquired by Horiyoshi the Third Limited, in a reverse merger transaction. Horiyoshi Worldwide Inc. intends to engage in luxury apparel business. The company was formerly known as Kranti Resources, Inc. and changed its name to Horiyoshi Worldwide Inc. in June 2010. Horiyoshi Worldwide Inc. was founded in 2006 and is based in Mississauga, Canada.
1 - 21 new highs in the last monthup
2 - 125.33% in the last month
3 - Relative Strength Index 95.49% and rising
4 - New stock - needs to trade for 6 month before getting a Barchart rating
SNWV - Sanuwave Health - SANUWAVE Health, Inc., a medical technology company, focuses on the development and commercialization of non-invasive, biological response activating devices in the regenerative medicine area for the repair and regeneration of tissue, musculoskeletal, and vascular structures. The company’s portfolio of products and product candidates activate biologic signaling and angiogenic responses, including new vascularization and microcirculatory improvement, helping to restore the body’s normal healing processes and regeneration. It intends to apply its Pulsed Acoustic Cellular Expression (PACE) technology in wound healing, orthopedic/spine, plastic/cosmetic, and cardiac conditions. The company’s lead product candidate for the wound care market, dermaPACE, is CE marked for the treatment of the skin and subcutaneous soft tissue and is involved in an FDA-approved Investigational Device Exemption clinical trial in the U.S. for the treatment of diabetic foot ulcers. SANUWAVE designs, manufactures, markets, and services its products for stimulating healing in chronic conditions of the foot and elbow through its U.S. FDA Class III PMA approved Ossatron device; and in the stimulation of bone and chronic tendonitis regeneration in the musculoskeletal environment through the utilization of its Ossatron and Evotron devices in Europe. The company is headquartered in Alpharetta, Georgia
1 - .80% Barchart short term buy signal
2 - 18 new highs in the last month
3 - Up 20.00% in the last month
4 - Relative Strength Index 68.69% and rising
BWMS - Blackwater MidStream - Blackwater Midstream Corporation develops and manages third-party bulk liquid fuel, agricultural, and chemical storage terminals. The company was formerly known as Laycor Ventures Corp. and changed its name to Blackwater Midstream Corporation in March 2008. Blackwater Midstream Corporation was founded in 2004 and is based in Westwego, Louisiana
1 - .80% Barchart technical buy signa
2 - l17 new highs in the last month
3 - Up 54.76% in the last month
4 - Relative Strength Index 65.03%
Jim Van Meerten is an advisor to Marketocracy Capital Managementwho uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or emailJimVanMeerten@gmail.com.
Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.