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Mobile Stock Picks specializes in identifying companies with ground breaking news or stocks ripe for a technical breakout before anyone else, and today announces four stocks that have shined while the general market has stumbled:
- Independence Energy Corp. (OTCBB: IDNG)
- South American Gold Corp. (OTCBB: SAGD)
- Regenicin Inc. (OTCBB: RGIN)
- Internet America Inc. (OTCBB: GEEK)
Breaking News Alert: Independence Energy Corp. (OTCBB: IDNG) Receives Confirmation of Rig Booking for Taylor-MEI #113 Well in Coleman County, Texas. The Independence Energy (OTCBB: IDNG) project operator has also reported that they currently anticipate the arrival of the rig on Friday, June 15, 2012, weather permitting. Independence Energy (OTCBB: IDNG) expects that completion work will begin immediately following rig setup and testing.
The Taylor-MEI #113 is part of a two well re-completion program targeting potential oil bearing formations shown to be productive in the area. The two wells, the Taylor-MEI #113 and the Taylor-MEI #115, were originally drilled to, and completed in, the Ellenburger formation (4,400 feet) and are currently in the re-completion stage to the Gardner Sandstone formation (3,700 feet). The Taylor-MEI #113 is projected to take approximately 10 days to complete.
Historic production data shows that each of these historic wells produced in excess of 20,000 barrels of oil from the Gardner Sandstone using the drilling and completion techniques of the time. The historic wells were also capable of producing a significant, but unaccounted for, amount of natural gas.
Technical Alert: South American Gold Corp. (OTCBB: SAGD) traded 4,468,613 shares on June 13, 2012. This volume is 1,427,572 times greater than the 3 month average daily volume for South American Gold (OTCBB: SAGD). Yes, you read that correctly, over 1.4 million times greater.
South American Gold (OTCBB: SAGD) also closed -61% on the same day. This erratic trading certainly deserves a closer look and will be on my watchlist for a major bounce very soon. A volume increase of that magnitude mustn't go unnoticed.
Breaking News Alert: Regenicin Inc. (OTCBB: RGIN) Soars on Press Release of FDA Approval for Skin Graft; then, Retraces as Company Reports Misrepresentation of Release. Regenicin Inc. (OTCBB: RGIN) has had a crazy ride over the last two days gaining over 70% on Tuesday and losing 26% on Wednesday, June 13, 2012 on large increases in volume.
Regenicin (OTCBB: RGIN) exploded after a misrepresented report stating FDA approval for their skin graft to go into immediate commercialization hit the wire. That report was since amended as the Company announced this clarification:
"...While the Company believes it was accurate in representing the FDA's action, the press release has been misinterpreted by some to suggest that PermaDerm is approved as a skin graft for immediate use on burn patients. As stated in the Company's earlier press release, the FDA's action was the designation of PermaDerm as an Orphan product. Such a designation has certain benefits to the recipient, but, just to be clear, these do not include the immediate commercialization of the product. The Company will still need to work with the FDA for the development of the product, now with the advantages of the Orphan designation..."
Even though Regenicin (OTCBB: RGIN) did not receive approval for immediate commercialization, this is still a major step for the Company. Regenicin's (OTCBB: RGIN) future seems bright as they will be working with the FDA to gain final approval to move towards commercialization of their skin graft for burn victims. Keep a watchful eye on the Regenicin (OTCBB: RGIN) news feed.
Technical Alert: Internet America Inc. (OTCBB: GEEK) traded 2,092,736 shares on Wednesday, June 13, 2012. This is 26,290 times greater than the 3 month average daily volume. Like South American Gold (OTCBB: SAGD), the volume increase in Internet America (OTCBB: GEEK) deserves a further look.
Volume increases like these can be an early warning sign that an explosive and momentum building move is near. Keep Internet America (OTCBB: GEEK) on your radar along with South American Gold (OTCBB: SAGD).
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