MFTH

Medisafe 1 MFTH

Medisafe 1 Tech Corporation (MFTH.OB) is up roughly 25% at the time of this entry on impressive follow through after a nice move on Tuesday. MFTH‘s recent upside move is probably based firstly on a successful stock promotion and secondly a vague but sexy PR. The announcement made by MFTH only announces negotiations with a party that has a pending patent that claims to be able to alert EMS workers, doctors etc. of people who are in need of vital medical attention.

It seems right now that MFTH is in the midst of a small breakout and shares have the potential of becoming one of the best penny stocks of the week. It also may be safe to assume that penny stock traders and scalpers may be even more bullish because MFTH still has a long way to go before it approaches it’s 52 week high of .45 cents.

As you may have noticed in prior entries we like to highlight penny stocks that are currently or have the potential to become tremendous trading vehicles. Right now Medisafe 1 MFTH seems to fit that profile but be careful. Just because you add a name to your penny stock list doesn’t mean it will automatically become a profitable position. MFTH has the potential to collapse within minutes.

Just a couple of weeks back, Lithium Exploration (LEXG.OB) made one of the most impressive moves on fluffy PR’s and stock promotion only to crash and burn shortly after. I am sure you have all been watching JAMN as well. However, smart longs who took profits made massive gains in LEXG and JAMN. At this point, despite MFTH‘s impressive move on strong volume, the jury is out until more concrete news releases are issued. Remember that Medisafe 1 MFTH has zero revenue, it is just an idea.

Do your stock market research here.

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