RE: Watchlist - Investor method
ALBKY had a breakout above several months of resistance at 28cents. It then pulled back to 28 and finally closed at 30 for the week. There has been a huge amount of volume and is sitting above its 30 week moving average.
This is an OTC stock which trades at a third of the value of ALPHA:GA (Greek Bank). Because ALBKY is worth a 3rd of the value of ALPHA (.72 Euros), we know that ALBKY is worth approximately 32 cents.
With huge interest in Greece recently, my feeling is that this stock can have a huge run over the next few years as Greece starts turning the tides economically.
I have been in since 18.5 cents or so but that was not exactly a weinstein entry. I see this as being a pretty strong Weinstein buy signal so I thought I would share.
Hope everyone has been doing well!
Mike-