Watch List for Wednesday 10-28-2009
Big bounce pick is SKTO
Quick side Note: JUNP had some news this evening about additional contracts.
Hurry and put SKTO on your watch list for this week. SKTO had a huge run last week where is almost doubled in price and gave it all back today. A hard hit like this in just one day could be followed by a hard bounce!
If SKTO was hit by shorters, they will have to eventually cover their position couple this with regular buyers looking for a bounce and this could become a huge short squeeze.
Check out this chart of a possible big bounce coming: http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=skto&sid=0&o_symb=skto&freq=7&time=18
I believe the run on SKTO last week was due to the recent developments from the company. They have signed some very large contracts in the last few weeks.
Here is a list of some of the headlines:
-SK3 Group to Market Preferred Medical Services to 27,000 PEO Employees Marketwire(Mon 5:46pm)
-SK3 Group Signs Two Year 19,000 Member Contract With Leading Edge Marketwire(Fri, Oct 23)
-SK3 Group, Inc. Signs Co-Marketing Agreement With Smart-Tek Automated Services Inc. Marketwire(Thu, Oct 22)
-SK3 Group Inc. Signs 20,000 Employee Contract Marketwire(Wed, Oct 21)
-SK3 Group Signs Two Year Services Contract With ATAS Marketwire(Tue, Oct 20)
SKTO has two divisions that provide medical related services to its customers. Nurses On-Line is a subscription service for employers who are seeking pre-screening of workers' compensation injuries by a registered nurse prior to disposition of medical treatment - first aid, clinical referral, or emergency hospital
Make sure you always do your own research and consult with your own financial professional.
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