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Hello fellow investors / traders,
Today's "breakout" play failed to fire. It's not to say it won't over the coming days, but today was not the day.
The good news was the downside was limited.
Now I am going to shock you. I don't normally profile such low priced companies, but tomorrow I want you to check out a triple zero stock that came to my attention today.
Graystone Company, Inc (GYST) has been trending along 52 week lows for the past few weeks and could be ready to shoot higher off these levels.
Here are a few reasons GYST has peaked my interest:
1/ The chart has been "bottom feeding" off these levels for a while now. Any kind of catalyst could see GYST move higher.
2/ GYST has a history of big short term gains. GYST has previously made triple digit gains in one day. And now its priced at 52 week lows, these gains could potentially be on tap.
3/ Extremely low market cap - GYST has a market cap of only $325k.
This is extremely small for micro cap companies. As you know, I love small market cap companies because generally a smaller market cap means less shares to be
traded, and value investors, along with traders, help create momentum.
Take a look at the chart below...
There's not a whole lot of technical analysis that can go into this chart. The appeal to many is that it has been consolidating at 52 week lows, and given its history of fast, short term gains, as well as its small market cap, GYST has the potential to be an exciting trade.
Here is some information about GYST...
The Graystone Company
Inc (GYST), is a mining corporation dedicated to building and
maintaining continuous, sustainable economic growth while providing meaningful
employment to the community we're a part of. We strive to increase shareholder
value through our diverse business model to generate equitable results for all
shareholders.
The Company is focused on acquiring and developing gold and other mineral
properties. The Company's strategy is to build value for shareholders by the
identification, acquisition and exploration of early-stage properties that show
significant potential for the discovery of gold.
You can take a look at their website here.
The bottom line is GYST
has a market cap of $325k (very few micro cap companies have a market cap
this low), is trading at 52 week lows and has paid back all toxic debt.
I believe with the right catalyst, GYST is a "lotto play" that could have plenty of upside potential in the near to mid term.
ShiznitStocks.com
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