The “play of the day” for any penny stock trader looking for a quickie is on Great China Mania Holdings, Inc. (OTC: GMEC), a stock we’ve loved since March. Even though the news of the hottest Asian ever, Chrissie Chau, did little to stimulate GMEC stock for an extended period, there is plenty of bounce available today. Even though Chrissie admitted once that she sucks at selling other people’s products in an interview with June Ng in September, 2009, traders have to be salivating at the chance of seeing a quick 50% gain or better in this oversold, undervalued media Company with some huge upside from its current level.
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GMEC Stock Chart
Market Cap: 2.00M
Last: 0.027 ▼ -0.005 (-15.63%)
Dollar Volume: $16,834
14-Day Rel Strength: 35.89%
14-Day Stochastic: 5.97%
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On Wednesday, Great China Mania Holdings appointed Roy Kwong Kwan Yin as the CEO as the Company has dedicated its focus to capturing the movies, entertainments and events management businesses — a business they have been extremely successful at. The bigger news may have been the newest addition to the Company’s BoD: Ms.Yum Ka Yan (see here).
Ms. Yum, a University of Hong Kong graduate, joined Edko Films Ltd in 2005, where she was responsible for marketing and promotion of movies and cinema openings, In 2007, Yum joined Emperor Motion Pictures where she was responsible for marketing and promotion planning of movie productions and publicity campaigns for various blockbuster titles like:
- Caution (2007),
- Spider Man 3 (2007),
- Curse of Golden Flower (2006) and
- Brokeback Mountain (2005)
After the Company bedded Chrissie Chau, the sexy celebrity who once released a giant pillow emblazoned with a life-size image of her scantily clad self, as a model for Kentucky Fried Chicken, the Company has aggressive plans to expand its business in this sector to leverage on the growing demand for entertainments in China and Asian markets.
As for GMEC stock itself, it has seen better days which is what makes a bounce play on it so temptingly unavoidable. So far, 2013 has been an absolute embarrassment for shareholders as they have watched the stock price slide from .09 to as low as .023 yesterday.
That said, with enough attackers on the bid at the open, a gap open is inevitable but could still be worth a shot at seeing a bounce into the .05 range before any profit takers start watching the video of Chrissie Chau below over and over in the privacy of their closed cubicles.
About GMEC Stock
Great China Media Holdings Inc. is an electronic content provider that provides leisure and life style related electronic contents through portal websites and major cell phone network operators. Click here to view the SEC filings for GMEC.
Last 5 Trading Sessions:
Bottom Line: The penny stocks of Greater China Media Holdings, GMEC, could see .10’s, .20’s and .30’s cent ranges short term — maybe even higher ranges after the 10-K filing. For now though, GMEC is a must watch penny stock at the open for a quickie. Last time we liked a Chinese penny stock for the play of the day, China Logistics Group, Inc. (CHLO), it wound up gaining 2840% in two days.
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