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Watch List for Thursday 9-9-2010

 

Bounce Alert - NYMH

 

Check out the 1 year chart on NYMH.  Even though it's gone through some structural changes, NYMH is trading near a 52wk low.

View Chart:  http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=nymh&sid=0&o_symb=nymh&freq=1&time=8

Today NYMH took a hit and may see a quick bounce near term.  I wouldn't be surprised to see it at least bounce back to the opening price from today for tomorrow.

I love beaten down companies that have value, as these may come back big and provide the biggest potential.  Remember when Bank of America was beaten down to around $3 and everyone thought that bank would collapse too.  A few months later it was back at over $17!!

For the 6 months of 2010 NYMH had sales that exceeded $43 Mill for their Vican subsidiary alone!

NYMH anticipates meeting or exceeding $100 Mill in revenues by the end of the fourth quarter in 2010 and on track to achieve over $200 Mill in revenue in 2011. 

These are pretty extraordinary numbers for a penny stock!!  You won't find many companies reporting these kind of numbers.

NYMH is in the metal business.

NYMH's primary focus is the sale, both domestically and internationally, of commodities, which include, but are not limited to, ferrous metal scrap, non-ferrous scrap metals and a variety of types of ore. 

NYMH has successfully developed working relationships across the scrap metals industry as well as in the steel production industries including several mines located in the Uyuni region in Bolivia that have supplies of lead and manganese ore. 

In addition, the company has contracts with several scrap metal facilities located in the Dominican Republic, Puerto Rico, Trinidad, St. Lucia, New Jersey, New York, Texas, Canada, Atlanta Georgia, Detroit, Indiana, and Louisiana. The company is also in the business of metals recycling.

The company operates its scrap metal and recycling business through its wholly-owned subsidiary, NYMET Industrial, Inc.   Do your own research at: http://www.nymetholdings.com and always consult with your own financial professional.

 

 

 

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