Newsletter

Good Morning!

When I took my first look at Co-Signer Inc. (COSR), it gave me the rare thrill of stumbling across a real game-changing diamond in the rough.

COSR was a simple idea: charging apartment applicants with good cash flow and shaky credit about a month’s rent to guarantee their lease. (Read more)

But management confused traders by complicating things on the wrong beat of the news cycle -- and the chart didn’t revive until yesterday:

Yesterday was the biggest trading day COSR scored in ages. More shares changed hands in those 6.5 hours than moved in the preceding 2 weeks!

So I’m thinking this might be the moment COSR activates the big long base it’s been building over the last few months.

You know what market technicians say, “The longer the BASE the higher the SPACE!” I think we could have a lot of “SPACE” ahead of us now!

Here’s the HOT BUTTONS for COSR:

• Demand for lease guarantees is “overwhelming” -- from what I read COSR grew sales 80% on that side last year and keeps signing landlords and credit check partners to expand even faster. (Read more)

• Underwriting is stronger than anyone expected. COSR only had to pay the rent on ONE defaulted lease in the last three years -- in 97.7% of all other cases, they keep all the fees and paid nothing! (Read more)

• COSR recently got involved in medicinal cannabis. This is not yet another “me too Mary Jane” play but just a company renting a new call center to pot retailers. That’s as far as the relationship goes.

• The technicals look rested after that bull run to $0.07. MACD keeps rising to put fuel in the COSR tank, RSI just crossed 50 and I like the recent rising corkscrew price has printed. A 50 MDA test may not be far away!

Bottom Line: Everything that first drew me to COSR is still on this table, only now the technicals are looking more fresh and less fatigued.

Traders clearly misinterpreted that “HerbCentral.com” press release back in March: pot bulls wanted more, pot burnouts were tired of green hype.

But COSR is neither a pure pot play or a copycat. It just had extra room in its call center while it grows and is boosting its revenue in the meantime. To me, that’s a shrewd move!

And since COSR now says its business is growing at an overwhelming rate, I’m not the only one banging this table. So refresh that chart and let’s get moving!

So glad you’re on the team!

Sincerely,

Michael Reef

yourstockguy@gmail.com