Watch List for Thursday - MGON
Hototc.com <info@hototc.com>
date: Wed, Aug 18, 2010 at 8:07 PM
My new big pick is MGON
Quick Side Note: BSDM an alert from this morning exploded after the the alert moving up over 1 point!
Put MGON on your watch list, this is a low floater that just released huge news after the close today. This mean the market hasn't had time to react to the news, so we may see a possible rally tomorrow!!
MGON has landed a huge preliminary sale of its "Anti-Fire" product, Hartindo AF21, a water-based, non-toxic, environmentally-friendly fire inhibitor, has been sold to a USA-based company that is one of the largest textile and chemical manufacturers in the world with annual sales in excess of 3 billion dollars.
The only thing that may catch fire now is their stock!
The CEO has stated in their latest PR, "We have a large insider position holding, a relatively low market float.." A low float means the stock may make huge swings. This is what most traders/investors are looking for.
MGON also announced that a large number of shares has been short this Summer. This late breaking news may be the catalysts for the shares to be covered sending the stock higher!
Watch this Video on MGON to see how amazing their fire retardant product works: http://www.youtube.com/watch?v=Kvzwu269O04
Introduction of new fire safety standards and laws has been an important and influential factor on the flame retardant market. These standards and laws will result in a further growth phase in the market and will influence the various application areas such as the plastic, textile, coating, wood and electronic industries.
If MGON's big client is ever named we may not see the stock at these levels anymore.
Start doing your research and keep MGON on your watch list. Always do your own research and consult with your own financial professional.
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