Oct. 21, 2009 (Business Wire) -- PicksThatMove is pleased to bring investors special situation stocks which have a high potential for price appreciation. These companies have interesting business models and they have to execute on the business development level to bring value to shareholders. Some of our past picks had soared over 200%. To view some of our profiled stocks, please visit our website at www.picksthatmove.com.
At PicksThatMove, our team scours the technical and financials of hundreds of companies to identify those stocks showing the greatest potential for growth.
The investment opinions offered below and in this press release are provided by Nick Hunter, RIA, of PicksThatMove.com
SLM Corporation (NYSE: SLM), +$2.04, 22.92%, $10.94, commonly known as Sallie Mae, is recognized as a leading provider to students and parent customers of planning, saving and paying for educational programs. The company reported its net income on a core earnings basis at $164 million ending September 30, 2009, compared with $170 million for the previous quarter and $117 million for the third quarter in 2008. A conference call discussing these results was held this morning. Albert L. Land, CEO, expects “credit quality to improve earnings in subsequent periods”. In the meantime, the stock has surged into the afternoon, it is up $2.04 or 22% with over 40 million shares traded.
Canasia Industries Corporation (TSX-V: CAJ), +$0.025, 10.64%, $0.26, is one of the top four traded securities today as listed on the TSX Venture. CAJ is trading at $0.26 with close to 7 million shares traded thus far. Shareholders are preparing for much anticipated news to be released sometime in the near future. Last company announcement confirms the completion of the second phase of drilling on the Clone Gold property, located in British Columbia. The first drilling returned significantly favourable results of 30.37 gold/tonne for 7.93 meters drilled. The remaining results are expected by early November. When the first results were released, Graeme Sewell, director of Canasia, stated that the Company is looking “forward to the next set of results as some of those holes appear to contain even more visible gold then the holes reported today.” Canasia Industries Corporation is a Canadian exploration company.
American Lithium Minerals Inc. (OTCBB: AMLM),+$0.67, 33.50%, $2.67,is a lithium exploration company, in its early stages, involved in evaluating, developing and acquiring lithium projects, with a primary focus on the USA. American Lithium is trading at $2.67, up $0.67 from yesterday or 32.50% on no news. The last release confirmed Ms. Judy Baker’s appointment as President and Chief Executive Officer of the Company. Ms. Baker brings with her extensive experience in the lithium exploration industry.
Cell Therapeutics Inc. (NASDAQ: CTIC), +$0.04, 3.74%, $1.11, held its annual shareholders’ meeting yesterday from which results were released today. The main developments included the addition of three new members to the Board of Directors, approval of proposals to increase the number of shares available for issuance under the 2007 Equity Incentive Plan and the 2007 Employee Purchase Plan, and issuance of common stock shares in lieu of future payments relating to CTIC’s drug candidate brostallicin. The security has 29 million shares traded today.
Oilsands Quest Inc. (AMEX: BQI), +$0.13, 10.32%, $1.39, responsible for exploring Canada’s largest contiguous oil sand holding, is trading almost 6 times its volume since yesterday’s close. BQI is up 10% or $0.13 to $1.39 with close to 19 million shares traded today.
PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies. PicksThatMove.com is not a registered investment advisor or broker-dealer. PicksThatMove.com’s affiliates, offices, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value. Please do your own Due Diligence before investing in any of the stocks mentioned above.
Nick Hunter, RIA, of is a member of the National Association of Securities Dealers, CRD number 2022366
