These Penny Stocks Are Getting Bought Up On Friday The 13th; Life Clips Inc (OTCBB:LCLP), MGT Capital Investments Inc. (NYSEMKT:MGT), WaferGen Bio-systems, Inc. (NASDAQ:WGBS)

TechStockInsider.com issues the following report: Retail sales numbers came in for April on May 13th giving a very bullish outlook on future consumer spending, meaning consumers have the wherewithal to boost spending even as gasoline prices rise and job growth moderates. This has given a boost to the market and these four stocks are continuing to gain attention in a big way on Friday the 13th. Furthermore, chart patterns and above average intra-day trading activity suggest that momentum has been building rather than slowing. With the market saturated with overbought stocks, we’ve found some potential “value” plays with 4 stocks paring larger gains to now offer a trough for investors to look toward a possible future rally.

Life Clips Inc (OTCBB:LCLP) has managed to move up more than 150% since last Monday (5/2). Today has been the first time that the stock has had any major consolidation on an intra-day level. After hitting all time highs of $0.65 this morning the stock has pulled in to lows of $0.52 which could be offering potential point of entry after such a large run up in a short period of time.

The Company announced yesterday that they have placed an initial order for its new 4k Action Camera the SoluVu™ to fulfill retail and distribution orders. Last week Life Clips Inc (OTCBB:LCLP) announced that it had signed a binding letter of intent to purchase Israeli battery maker Batteryfly Energy, LTD. The battery maker has a product that is already distributed outside the US called Mobeego, which is a single use, untethered charger for cell phones and action cameras, both of which LifeClips has targeted for market entry.

In Thursday’s announcement, Life Clips CEO Bob Gruder stated, “We are coming out of the gate swinging. We aim to aggressively compete with companies like GoPro by offering comparable or better features at a far lower price. The SoloVu™ will retail for $159.00 which is significantly less than the leading brand. What we have here is a feature and option rich product with a quality and a price that should be extremely attractive to consumers. We are not putting the cart before the horse, we are currently in the advanced stages of conversation with some of the nation’s largest distributors and big box retailers. We anticipate having a great roll out of this initial camera product. We hope to have several more exciting models releasing this year as well.”

TechStockInsider.com has been following the company since 5/4/2016 where they alerted (LCLP) at $0.27 now trading above $0.50.

MGT Capital Investments Inc. (NYSEMKT:MGT) has had one of its best weeks this year. On Monday the company announced that they have agreed to acquire specific technology and assets of McAfee’s anti-spy software company, D-Vasive for a cash and stock sum. This would give them approximately 47% controlling interest in the company.

Furthermore, MGT Capital Investments Inc. (NYSEMKT:MGT) announced on Thursday that they’ve acquired technology incubator, The Round House LLC. This will offer co-working space, accelerator services, and additional angel investment for companies meeting the organization’s criteria. Of the current equity ownership that Round House has in some of its companies includes ownership of RecMed First Aid. This was founded by an Alabama teenager, Taylor Rosenthal, who according to a report issued by CNBC, actually turned down an initial buyout offer of $30million.

Though MGT has seen an incredible run this week from an opening price of $0.64 on Monday to highs of $1.87 on Thursday, this 192% rally has seen its first period of consolidation as the market has moved down to levels between $1.17 to $1.48 on Friday morning. In the last 8 months the stock has seen highs of nearly $2 and after this latest series of news updates, this could be another “value” play for MGT as well.
SOURCE: TechStockInsider.com

WaferGen Bio-systems, Inc. (NASDAQ:WGBS) has shown what a “value” play can quickly become. Following consolidation during the last week and a half, those who were able to capitalize on a well placed position are now realizing significant opportunity for potential gains. On Friday, the stock rose to highs of $0.95. This was an increase of 90% from Thursday’s low of $0.50.

Early this morning WaferGen Bio-systems, Inc. (NASDAQ:WGBS) announced a merger agreement with Takara Bio USA Holdings, Inc., a wholly owned subsidiary of Takara Bio Inc. Pursuant to this agreement, Takara Bio USA will acquire WaferGen for an aggregate cash purchase price that will be based on a multiple of WaferGen’s 2016 calendar revenue and capped at $50.0 million, subject to the potential adjustments described in the press release.

“The combination of TBUSA’s RNA-seq and T Cell Receptor (TCR) profiling technologies with WaferGen’s ICELL8 platform for isolation and processing of single cells will significantly expand our offering in the fast-growing single-cell and immuno-sequencing markets, and give customers greater access to these products through our global and commercial reach,” said Carol Lou, President of TBUSA.


Related News

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyrıght 2015 traders350.com. All RIGHTS RESERVED.