CRGO.OB

[Ramsburg]

Last month, CRGO.OB had a first move with huge volume. It entered my watch list, and now I think there are conditions for a further rise.

Company Profile:
Website: http://www.cargocon.com/
Cargo Connection Logistics Holding, Inc. provides transportation logistics services for shipments importing into and exporting out of the United States. The company engages primarily in hauling truckload and less-than-truckload shipments of general commodities in both interstate and intrastate commerce. It provides back office operation for companies, such as insurance, financial, and regulatory operations. Cargo Connection Logistics also involves in the warehouse and distribution movement of dry goods. In addition, it operates a container freight station. The company is based in Inwood, New York.

This is a small penny, with low float, I think the Yahoo data is not accurate, but on otcbb.com I see 44M outstanding shares. Today's volume is already more then that, showing strong buying power on the play.

Technically speaking, there are several patterns going on, we'll probably watch a G-Pattern breakout today (g-spot = $0.023), and at the same we have a descending trend line @ $0.025. If we watch a breakout of both values, we'll have a major buying signal here.

So we are buying before that to happen...

My primary target on this move is $0.055... This is high risk, so I just have to have a large stop loss, approximately over the $0.015 zone.

I've just bought CRGO.OB @ $0.0225 for the «3 Pennies On Fire» Portfolio (10% of total equity as usual).

(This recommendation was made by Frederick Ramsburg from 3 Stocks on Fire. 3 Stocks on Fire is a Community of stock traders and investors. Our 2863 members change trading ideas and strategies on our message boards everyday. We welcome you as a new member of the 3 Stocks on Fire Community, please take 10 seconds to register and receive our free newsletter)

Best regards,

[Stocksquire]

Ramsburg- nice analysis and find. This one looks ready to break out, and we are definitley in g pattern territory.

Note that the company profile you posted is an old one, as CRGO is now in the logistics/transport business.  They recently announced a deal to provide services to Continental Arilines.

Cargo Connection Logistics Corp. is a leader in world trade logistics. Headquartered adjacent to JFK International Airport, the company is a transportation logistics provider for shipments importing into and exporting out of the United States, especially through the Gateways of Chicago, Illinois, JFK, New York, Miami, Florida or Atlanta, Georgia with service areas throughout the United States and North America. Mid-Coast Management is a container freight station specifically designed to handle internationally arriving freight for companies like Mast Industries, the major supplier to Limited Brands -- one of the world's largest multi-brand specialty retailers as well as many other significant fashion brands. Since its inception, Mid-Coast Management, Inc. has developed relationships with many other retailers and works with Freight Forwarders from around the world.

Additional information about Cargo Connection can be obtained at its website http://www.cargocon.com.

[gilster007]

CRGO appears to have concluded some selling that was directly related to the transfer from the food business to the logistics biz. they have 80 or so employees and are recruiting for more as thier business is growing...

I bought in at .0185 and am ready for the explosion upwards.    Good luck all

[TRUNK]

Definite G pattern material if I ever saw it

just joined in the fun for 60,000 shares at .024

[Ramsburg]

Ramsburg- nice analysis and find. This one looks ready to break out, and we are definitley in g pattern territory.

Note that the company profile you posted is an old one, as CRGO is now in the logistics/transport business.  They recently announced a deal to provide services to Continental Arilines.

Cargo Connection Logistics Corp. is a leader in world trade logistics. Headquartered adjacent to JFK International Airport, the company is a transportation logistics provider for shipments importing into and exporting out of the United States, especially through the Gateways of Chicago, Illinois, JFK, New York, Miami, Florida or Atlanta, Georgia with service areas throughout the United States and North America. Mid-Coast Management is a container freight station specifically designed to handle internationally arriving freight for companies like Mast Industries, the major supplier to Limited Brands -- one of the world's largest multi-brand specialty retailers as well as many other significant fashion brands. Since its inception, Mid-Coast Management, Inc. has developed relationships with many other retailers and works with Freight Forwarders from around the world.

Additional information about Cargo Connection can be obtained at its website http://www.cargocon.com.

Thanks... I've just updated

[Ramsburg]

Definite G pattern material if I ever saw it

I'm a little late as usual, but just joined in for 60,000 shares at .024

Some sellers at 0.025, which normal because that's the resistance trendline... But with all this volume, I really expect the breakout.

[nextmove]

I´m not a "penny-virgin" anymore

Bought 60k @0.0236
Hope it won´t hurt too bad

[TRUNK]

Bids are mounting.. Looks like we got a great shot at plowing throuhg the resistance.. then all the fun & games start!

[Ramsburg]

I´m not a "penny-virgin" anymore

Bought 60k @0.0236
Hope it won´t hurt too bad

Welcome to the jungle   J/k hehehe

If your are new to Pennies, my first advice is money management... Don't use your usual position size on pennies... This is high risk... you are not searching for 5% or 15% gains here... you are looking for some «bags»... so the risk must be much higher as well

regards !

[Ramsburg]

Bids are mounting.. Looks like we got a great shot at plowing throuhg the resistance.. then all the fun & games start!

yep... I like what I'm seing on the Level2...

We just need to break the $.025 wall... after that will be strong...

[TRUNK]

That A Boy Ramsburg! Looking Good

Sorry Looking Great!

[Ramsburg]

That A Boy Ramsburg! Looking Good

Sorry Looking Great!

Looks like the wall is on our side now

[la-onda]

also joined the club ! 

applaud

[basonista]

It appears as though someone didn't want this to close over .025.  In as well but that wasn't pretty to watch!

[TRUNK]

Ah.. That was intense.. I guess since the stock was up 70% on the day everybody decided to take their profits and panic at the same time in the last 4 mins.. Hopefully this only serves to give others a good buying oppurtunity for tommorrow morning