ABOT Stock is the Hottest OTC Stock Pick for Today

Posted by Admin on February 22, 2012 under Penny Stock Alerts Blog, penny stocks | 2 Comments to Read

Good morning, charming and attractive readers! ABOT stock has everyone in the OTC market pumped on the top hot stock pick for today!

Today I’m on the edge of my seat in anticipation of what kind of action we’re going to see today, on what was one of yesterday’s most active OTC-stocks in one of the hottest sectors in the whole market.

Some traders think of gold as an inflation hedge or a way to preserve wealth if the economy collapses. I think of it as a trade like any other, and even without inflation or economic collapse gold has still been a big winner so far this year. Gold is up more than 12% since the start of the year, and junior gold miners have done even better gaining nearly 15%. (Based on GDXJ, an ETF that tracks the sector) This morning, I’m watching an electric junior mining company that looks poised to breakout in a massive way, ABOT – ABOT Mining.

ABOT exploded with a 15% gain and over a million bucks in dollar volume yesterday.  Trust me, that got traders attention and now everyone is watching it today to see what this powerhouse stock is going to do next.

ABOT is an independent precious and semi-precious metal exploration company. The company is working on developing the Las-Lagunillas Silver-Copper-Lead-Zinc Mining Project in Southern Peru. It is also focused on a 50% interest the Aztlan 8B Gold and Silver project that covers an area of approximately 300 acres located in the State of Nayarit in the Tecuala Mining District on the west coast of Mexico.

The company’s president recently said that he thinks “2012 shall be a watershed moment for ABOT Mining.” Not sure what that means, or how a year can be a “moment”, but I like his confidence.  This confidence could be based on intimate knowledge of the company’s projects.  Confident CEOs get traders excited and that’s how monstrous gains are born.

Aztlan 8B seems like the most exciting project. Mexico has a long history of successful mining and the country is encouraging economic development. Industry giant Goldcorp has one of the largest mines in Mexico and reports that mining costs total about $500 an ounce. With gold above $1,700 an ounce, that makes Mexico a great location for a low cost and highly profitable mining operation.

Mexico also has an advanced transportation network which makes it easy, and cheap, to ship the gold. ABOT could get noticed by big companies if Aztlan 8B proves to be profitable, and early tests show that is possible.

If big companies notice ABOT, well, you know how those big gold conglomerates hate competition.  Sometimes they just go right ahead and acquire the competition at a massive premium to the current share prices, making traders a mint in the process.  I’m certainly not saying ABOT is going to be acquired but ABOT could be garnering the attention of some gold industry titans VERY soon, if they haven’t already.

The company recently announced its first production plan for Aztlan 8B Mining Project. ABOT will be sifting through about 9 million tons of ore at the site. The company has previously reported that initial test results on surface deposits showed that there was up to 2.51 ounces of gold and 19.00 ounces of silver per metric ton. As the company digs deeper, they expect to find even richer ore that could yield up to 10 ounces of gold per ton of ore.

These are absolutely unbelievable numbers for a company trading under $1, let alone under 5 cents!

Starting this year, the company expects to begin production at Aztlan and initial production runs of 1,000 tons of ore, the mine should scale up to complete production runs of 10,000 tons of ore. At $1,700 an ounce for gold and $33 an ounce for silver, each production run could be worth millions in profits – 1,000 tons of ore could be holding $5 million worth of metal and there are 9 million tons of ore on the property. ABOT could be sitting on a property worth billions of dollars.

Goldcorp (GG) is a $36 billion company with about $5 billion a year in sales. ABOT could potentially be generating sales of more than $100 million when it reaches full production. Trading at the same price to sales ratio as Goldcorp (which would be 7.2) would mean that ABOT could gain more than 2,000%.

While that kind of thing may take a little time, according to the chart ABOT may be on track to make some huge profits in the short-term.

ABOT flew on to the radar in a major way yesterday when it made a solid gain and was one of the most active-stocks in the entire OTC market for number of trades executed, and with well over $1.2 Million in dollar volume!

That kind of volume combined with upward movement is exactly what we need to fuel massive gains.

ABOT closed up more than 15% yesterday.  High volatility on high volume is exactly what I like to see for a good short-term trading stock, and ABOT has it out the wazoo.

The price of ABOT was as low as 1.95 cents on Thursday…it more than doubled from that price at yesterday’s high. In December, ABOT traded as high as 9 cents a share.  This play truly has unbelievably gigantic upside.

It looks like the stock has broken out of its recent trading range and its old highs offer a potential gain of nearly 180%.

Technical indicators ALL say ABOT is headed higher – RSI just crossed above 50 which is a sign of strength, MACD is positive, stochastics are positive…you get the idea.

Although we have quite a few buy signals, none of the indicators are overbought which can happen after a big price run.  Overbought stocks have a lot of momentum but have higher risk of crashing, the fact that ABOT is on a strong run but still is NOT showing overbought is incredibly bullish.

Yesterday’s action pushed the stock above its 50-day moving average which is another major buy signal.

I’m alerting this stock right as it’s breaking out above its prior trading range. We might be getting in right at the start of a big move. I think we could see big trading profits in ABOT.

Everything about ABOT looks bullish, but there is always a chance that the stock could fall hard.  All of my alerts are volatile and dangerous, so ALWAYS be sure to use a tight stop, book profits when they’re available, never let any one trade move too far against you, watch out for gaps, make sure the stock is trading in a healthy way, and never risk more than you can afford to lose. (Amateur biased unlicensed opinions)

ABOT popped up on a lot of traders radars yesterday after trading well over $1 million in volume.  Along with all that volume came a ton of trading volatility, and a solid double digit gain to end the day.  Traders are going absolutely over the moon for ABOT.

At just 3 cents, with big momentum and out of control volume, ABOT is 100% the single hottest stock in the OTC market to watch for today.

PSA – Stock Psycho

www.pennystockalerts.com

Don’t ever invest based on what I say, do your own research and consult with a licensed professional before investing, only invest what you are prepared to lose. Any statements and opinions given are amateur and biased and should be treated as such. Past performance does not indicate future performance in any way. Check the latest SEC filings before investing, and research other information on the risks of investing in penny stocks at www.sec.gov

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