Members,
We're coming off another profitable week for traders following our stock alerts.
Thursday's pick was alerted at $1.52, opened at $1.55 and hit as high as $1.93 per share for a quick +26.97% intraday gain on extremely heavy trading activity.
This was the perfect follow up to Monday's pick which rallied off $0.0135 to as high as $0.0249 per share for up to +84.44% in potential profit-taking on this two day bounce scenario.
That's 111% in profits in just two trades!
For our next pick, we have identified a company that could make a +111% move in just one day!
Please turn your attention to SGOC (SGOCO Group Ltd.).
Just like many of our previous big winners, SGOC is is a tiny float, NASDAQ listed stock, that is trading just above its 52-week low.
This is a picture perfect low risk/high reward opportunity, and we can't wait to see the type of performance SGOC is going to show us tomorrow!
About the Company:
SGOC offers innovative display products and services to consumers and businesses in various industry verticals. By collaborating with its brand partners and utilizing comprehensive industry knowledge in product development, SGOCaddresses customers’ rapid-changing display needs by delivering highly intelligent products and solutions that integrate hardware and software in SGOC’s own brand and co-brands. Leveraging on its highly integrated distribution channels, SGOCprimarily targets China’s rapidly-emerging tier three and four cities across 19 Provinces in China. SGOC is also regarded as a reliable brand developer.
Since its inception in 2005 as a leading display product supplier and an OEM partner of choice. In 2011, SGOC transitioned into a light-asset business model, driving sales through multiple brands and leveraging its strong market knowledge to attract top-tier brands to co-develop our products. SGOC’s comprehensive multiple brand strategy and well-established local brand recognition ensures that it is poised to capture potential growth opportunities associated with China’s emerging urban demographic and booming youth generation.
SGOC is also poised to enter new high-growth verticals by developing and selling a wide range of application specific products such as tablet PCs, All-In-One e-reader notebooks, and e-boards that integrate software and hardware functionalities, rotating screens, CCTV monitors for security systems, billboard monitors for advertising and public notice systems, as well as touch screens for non-keyed entries. By expanding into these key addressable markets in China, SGOC can harness its display solutions to move further up the value chain, creating higher shareholder value and capturing greater market share.”
SGOC has recently made some changes that we believe will get the company back on right track, and bring the its share price back over a dollar where it belongs.
In late August, the company announced its Board of Directors has appointed Mr. Xiao-Ming Hu to assume the new role as the Interim Chief Financial Officer (CFO) of the Company, effective on July 1, 2015, to replace Mr. Johnson Lau.
Mr. Hu has over 18 years of experience in Accounting and Finance, specializing in electronic and consumable products. He joined the Company in August 2010 as finance manager and was promoted to the Financial controller of Sgoco (Fujian) Electronic Co., Ltd., a former subsidiary of SGOCO, in June 2013. Prior to joining SGOCO, Mr. Hu was the financial controller of Allen International Group, a private group engaged in trading of cosmetic products and services. From 1998 to 2007, he was a finance manager of Hengan Group, a company engaged in manufacturing, distribution, and sale of personal hygiene products and listed in Hong Kong Stock Exchange. In addition, Mr. Hu holds a Diploma of Finance from the South Western University of Finance and Economics in China.
SGOC CEO Mr. Shi-Bin Xie stated, "I am confident that Mr. Hu's history with SGOCO will enable a seamless transition. He has been a tremendous asset to the Company, and I look forward to working closely with him in our efforts to build a high-growth, broad-based business."
We also heard a rumor that SGOC will be making a very market friendly announcement shortly, possibly even tomorrow.
If we get some pre-market news out of SGOC tomorrow, we could see its share price double.
For more information about SGOC, please visit their website www.sgocogroup.com.
Market Outlook:
- Driven in part by the skyrocketing sales of connected devices, revenues for the consumer electronics (CE) industry are projected to grow two percent in 2014, reaching a record high of $211.3 billion
- Looking ahead to 2015, The Consumer Electronics Association expects industry sales to grow by 1.2 percent, with industry revenues reaching another all-time high of $214 billion.
- CEA’s forecast projects that revenues from emerging product categories will grow by 242 percent year-over-year in 2014, and another 108 percent in 2015. These developing technology categories include 3D printers, health and fitness devices, smart watches, Ultra HD television displays and smart thermostats, a newly-introduced sales category to the report.
Technical Analysis:
As we mentioned above, SGOC looks to be the picture perfect low risk/high reward scenario.
Last week, SGOC found its bottom at $0.30, and has held strong since.
We see SGOC trading well above $0.50 before it ever dips below $0.30.
SGOC has plenty of room to move from these levels....
At its current price of $0.31, a move back to its 52-week high of $2.04 would equate to gains of over +558%!
That would be like turning $1,000 into $6,579 in just one trade.
SGOC's float is listed on yahoo finance as just 5.4M, so you can expect it be a fast mover right from the get go.
The slightest burst in volume could push SGOC upwards of 20% in just minutes.
It's obvious that SGOC's stock has taken a beating over the past year, but you make money is this market buying low, and selling high!
This is a great opportunity for traders looking to start their week with some quick profit with little downside risk.
We ask that you make the smart move, and have SGOC up on your screen and ready to trade tomorrow morning at 9:30am EST!
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