Atrinsic, Inc. (Pink: ATRN) Goes HAM Again, Can It Continue It’s Monster Move? Senorita Thinks So!
Tomorrow is TGIF Mi Roacheros!
Tonight I’m bringing back a stock that has brought some very saavy rtraders gains upwards of 300%+ ealier this month! check it out mi amors if you don’t remember, (but how can anyone forget this beauty?):
http://www.stockroach.com/powt-amwi-and-atrn-brings-home-the-bacon-cumulative-gains-upwards-of-425/
Well a late day 8-K filing which was released 2 hours before the bell brought the traders and sideliners out in droves to close this puppy up almost 64%!
What was in the filing that was so interesting? Well they finally sold their money pit of a music library to Mkono Media Corp for cash in the net value amount of $615,000.
Check out the 8-K courtesy of yahoo finance: http://biz.yahoo.com/e/120126/atrn.pk8-k.html .
This is the news that many longs of ATRN have been hoping for (I hope some of you kept your core shares that you acquired for dirt cheap haha), and it shows many that the company is serious about turning the ship around and focusing more on the lucrative online marketing sector.
I’ll get to your updated techs after this brief message:
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This chart is so bullish that it screams EL TORO at me:
http://stockcharts.com/h-sc/ui?s=ATRN&p=D&b=5&g=0&id=p20973999804
Support for ATRN still comes in at .03, and resistances lies ahead at .0625 and the 50 DMA of .10. If you have traded ATRN before you already know that it is very volatile, and to watch for pullbacks as some profit takers may cash out for a quickie, If you are playing the morning gap up you could potentially make a quick scalp of around 20% ish if you are fast enough and then wait for the pullback which imo could be to about .038-.041 IF THERE IS ONE. Can ATRN make the dash to the 50 DMA this time, and possibly beyond?, we’ll find out!
Good luck ATRN fans, and Papa Roach and I will see you all next week, or maybe later with a brag blog haha.
Senorita “Bringing you the winners early!” Roachita
Disclosure: This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in this stocks. We reserve the right to buy or sell ATRN at any time after this post.
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