Hot penny stock Nymet Holdings Inc. (NYMH) leads the stocks to watch on our breakout penny stocks list at Wall Street Grand. Wall Street Grand LLC, a leader in Investor Relations in the small-cap arena, is pleased to announce to the investment community and Wall Street Grand club members that it has initiated a technical alert on Nymet Holdings Inc.Inc.- NYMH. To view our profile sign up to our winning stock newsletter at www.WallStreetGrand.com.
Gerard Adams, President of Wall Street Grand LLC, stated "NYMH has been on our radar all month and after making a spectacular run from $0.07 to as high as $0.29 for a massive gain of 314% in just one week we have been waiting for the perfect dip to play it as a major bounce play. Our timing could be perfect! NYMH closed strong yesterday to $0.19 after hitting a low of $0.14 from profit taking at the high of $0.29. NYMH just announced breaking news this morning pre-market that I think could spark it up again very quickly sending it back into the high $0.20's or higher."
NYMH could also be a huge momentum play because it just had news this morning announcing the receipt of a Purchase Order for ferrous scrap metal from the C.A. Reed Saw Mill Demolition and Recovery Project with steel processing giant, Bayou Steel Incorporated.The Purchase Order calls for the sale of 1,000 gross tons of steel to be delivered to the Bayou Steel, LaPlace facility over the next several weeks. The total 1,000 gross tons of material will start being delivered this week and represents only a fraction of the overall $2,000,000 in gross sales anticipated from the C.A. Reed Saw Mill Demolition and Recovery Project.
Boyou Steel Inc was acquired by ArcelorMittal in June 2008 for US$475 million! ArcelorMittal is the world's number one steel company, present in more than 60 countries. They have led the consolidation of the world steel industry and today rank as a TOP GLOBAL steel maker! Their industrial presence in Europe, Asia, Africa and America gives NYMH exposure to all the key steel markets, from emerging to mature. ArcelorMittal key financials for 2008 show revenue of $124.9 billion and crude steel production of 103.3 million tonnes, representing approximately 10% of world steel output.
Add NYMH to your radar immediately!
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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.
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Wall Street Grand's stock profiles are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this profile was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. WSG has been compensated Twenty-Five Thousand Dollars for the profile of NYMH by a third party, Nassau Consultants Inc. Never invest into a stock we discuss unless you are prepared to lose your entire investment. WSG may or may not trade the stocks mentioned in this release which may or may not affect the price of the stock. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country. For our full disclosure please visit - http://www.wallstreetgrand.com/disclosure.html
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