Thursday’s alert has one thing we love to see, extreme volatility. The stock recently ran nearly 400%, and looks primed for its next big move.
Not to mention the company makes revenues, and has some impressive sales.
Lets get right into it.
Our alert for Thursday is Georgetown Corp., GTCP and the stock closed Wednesday at $0.0321.
GTCP is a provider of oilfield services and equipment to independent and major oilfield companies in exploration, production and development of oil and gas properties, domestically and in selected international markets.
The market for oilfield services is expected to become a $200 billion Industry by 2015!
Over the past year GTCP announced orders of $100K and $450K, not too shabby for 3 cent stock.
After reporting positive revenue this past reported quarter GTCP anticipates more sales growth and vertical integration here in the near future.
Now for the real reason GTCP looks like an excellent play here.
Monday, after months of being dormant the stock began a 380% run…talk about volatility!
After the quick run up it came back down and then on Wednesday began to move back up ON VERY LIGHT volume, now that the selling pressure is gone.
With GTCP’s ability to make huge moves on relatively small volume, we think Thursday could present us with an unbelievable opportunity at some MASSIVE profits.
Get ready to go, and have GTCP on top of your watchlist Thursday morning.
As always, do your own research, don’t chase gaps, use limit orders to enter positions, always use stop loss orders to protect your position, and take profits when you are in a position to do so.