02/01 MORNING MOVERS: CYTV-OTC BB, MYNG-OTC BB, CGK-TSXv
Greetings,
* ChinaYouTV (CYTV-OTC BB, http://www.chinayoutv.com) China’s answer to YouTube, CYTV is attempting to bring the video viewing/sharing and social networking concept to China in a big way. The stock has suffered fits and starts during a period of non news, and CYTV is once again trying to break out.
* Golden Eagle International (MYNG-OTC BB, http://www.geii.com/index.php) Golden Eagle is in the process of developing, and bringing to production, existing gold and copper mines in Bolivia. With recent political issues in Bolivia, the stock has been in a steady decline, however there is renewed interest as the past 2 trading sessions produced over 32 million shares traded. They seem to be on the verge of proceeding with opening the 4000 tpd operation, with a break out in the stock underway today.
* Gold Hawk Resources (CGK-TSX Venture, http://www.goldhawkresources.com/en/index.php) CGK ran into financial trouble last year, thus creating a massive drawn out sell down of the stock. It had a 52 week high of 0.52, and traded as low as 0.02. With today’s announcement of a successful restructuring of its outstanding loan, the stock is fired up once again. This could be the start of a new uptrend.
To your profitable trading,
Penny Stock Rockets