5 Stocks to keep a watch on starting 2/22/2010
Watch list for next week:
CIST - Cityside Tickets Inc. - News was released today that CIST has "launched a nationally televised advertising campaign to generate broad consumer awareness of www.CitySidetickets.com, a nationwide event ticket purchasing venue that caters to a diverse selection of popular theater, music, and sporting events." Please read full Business Wire Article here. TNS is hearing a lot of BUZZzzzz around this new company for next week. Their might be an onslaught of promotions coming in the next few weeks as stated in their press release, where they are on a new marketing campaign to rise awareness. Keep your eye closely on CIST, this seems to a start to a bullish outbreak. CIST closed up 10.26% @ $.43.
TPHM - Thomas Pharmaceuticals Ltd. - Huge volume poured into TPHM today after they released news right before market open that "it has entered into a non-binding Letter of Intent to merge with Global Medical Equipment of AZ, LLC. ("Global Medical"). The closing is subject to: (i) to satisfaction of due diligence investigations by all of the parties, (ii) negotiation and execution of a definitive agreement, (iii) approval by Thomas Pharmaceuticals' shareholders, (iv) completion of an audit of Global Medical (v) the completion of certain financing commitments for the post-merger Company and (vi) certain other conditions precedent to closing. It is anticipated that this transaction will close in the second quarter 2010. The merged company will continue to trade on the OTC Bulletin Board." Read full MarketWire article here. Sounds like rally news for TPHM, TOONICE thinks more BUZZzzzz will be created over the weekend about the merger and other updates that might come. TPHM closed up 90.91% @ $.0021.
RAS - RAIT Financial Trust - NYSE traded RAS is one of those penny financial stocks that a posed to rise throughout 2010. Today RAS released their 4Q and Fiscal 2009 results that beat the street's estimates. "RAIT reported net income allocable to common shares for the three-month period ended December 31, 2009 of $15.6 million, or $0.24 total earnings per share - diluted based on 66.3 million weighted-average shares outstanding – diluted, as compared to net loss allocable to common shares for the three-month period ended December 31, 2008 of $505.9 million, or total loss per share – diluted of $7.78 based on 65.0 million weighted-average shares outstanding – diluted. " The CEO Scott Schaeffer goes on to say "Notwithstanding the financial crisis, we also see opportunities to use our vertically integrated commercial real estate platform to generate new revenue streams for RAIT. We look to execute on these opportunities in 2010.” TOONICE is extremely bullish on RAS and will be a great company to put in your portfolio for a long term hold in 2010. RAS closed up 36.36% @ $1.65.