5/15 Watch List:
ROX (Castle Brands Inc.)
Thesis: ROX has been on a nice uptrend the past couple of months. Currently consolidating above the $1.70 level. I think this stock has a good chance of running over $2.00 within the next month or so. They inked a deal with Walmart back in February that should be reflected in their next earnings release. Takeover interest has also been increasing.
Price at Close 5/12: $1.77
Buy Zone: $1.70-1.75
Disclosure: Currently Own 1,445 Shares at $1.66
LQMT (Liquidmetal Technologies Inc.)
Thesis: LQMT has a history of spiking on Apple iPhone rumors. With the release of the iPhone 8 planned for fall 2017, those rumors can start swirling again relatively soon. In addition to that, CEO Yeung Tak Li, has been positioning the company within the medical device industry – an extremely lucrative market. Professor Li has a track record of growing companies from nothing into technological leaders.
Price at Close 5/12: $0.27
Buy Zone: $0.25-0.26
Disclosure: Currently Own 682 Shares at $0.27
I’m looking to accumulate more shares of both of these securities depending on overall market conditions and price action of the individual stocks. I’m also watching SIEN, FNMA, and CRIS.
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