Today’s Pick is MRNJ
There is an old saying, "Aim for the sky and try not to miss!"
Today’s alert company is aiming for the sky and it looks like it will hit it.
Get ready to learn about: Metraton, Inc. (MRNJ)
MRNJ
is a "new media company" that is focused on mobile phone applications
(apps) and Web 2.0 services and products through a diversified group of
subsidiearies under the main corporate umbrella.
The company has organized itself as a new media holding company and has a corporate strategy that it calls "Build—Acquire- Monetize". This strategy involves ACQUIRING and ASSIMILATING fast growing companies and technologies/apps in the hottest technology and entertainment sectors.
In fact, on CNBC last night, they had a program (perhaps you saw it) called "Planet of the Apps". It was riveting and spoke about how pervasive and lucrative smart phone apps have become. It was a timely bit of reporting and something will have a major impact on MRNJ‘s success.
Here are some quotes from recent press releases that speak to what MRNJ is achieving:
“This
major agreement moves i-Mobilize one step closer to reaching its goal
of being the fourth largest distributor of mobile content by Spring
2010, behind only Google, Apple and Amazon" said Joe Riehl, Metraton CEO .
Mr. Riehl was talking about the agreement that its i-Mobilize subsidiary signed to commence mobile delivery of entertainment and sports programming from Momentum Entertainment and Sports Network, LLC. (MESN)
The venture will include a series of iPhone and Droid applications for
MESN’s popular sports, reality, and lifestyle TV shows including Destination-X, Zone-X and Josh and JB.
MESN is a leading provider of entertainment and sports programming which to
date has distributed over 180 episodes of High Definition programming
through CBS, NBC, CW, Syndicated TV, AOL Video, Hulu.com, and MRNJ
may, with its new agreement, have access to a network reaches over 50
countries worldwide and over 650 Million mobile phones. Link to PR1.
Here is another quote that we like:
Metatron CEO Riehl explained, "Our first iPhone Video Delivery app has been submitted and APPROVED
by Apple, and we have dozens of titles on sale NOW. While we certainly
are not yet a household name like Netflix or Blockbuster, we can now
bring classic movie content to millions of mobile devices, and expect to be releasing thousands of titles in the coming months."
MRNJ was announcing that a new agreement with Digital Management Associates LLC will enable the two companies to bring thousands of classic movie and television shows to your mobile phone! Link to PR 2
The company currently has 4 functional divisions:
- Online dating through its subsidiary CupidsDevil, Inc.
- Credit card processing through JustData Inc.
- Next-gen relational database development and search engine advertising optimization through PB Magic Inc.
- Iphone/mobile device applications through via i-Mobilize, Inc.
We don’t have the space to go into what each of these operating divisions do, so we encourage members to follow this link to the Metraton website to learn more.
We
usually lead with the chart, but we were so excited about the company
that we turned that around. That is not to say that we aren’t excited
about the chart, too.
MRNJ’s chart shows:
- A sharp decline around year end…tax sales, perhaps
- a strong recovery over the past few days,as evidenced by:
- Bullish Breakaway Gap on Monday
- Strong volume coming in to the stock (strong accumulation)
- The MACD crossing the "o" line and becoming a bullish indicator
- An oversold stochastics
MRNJ is
clearly a stock on a strong bullish trend and could run with an
oversold indicator for many more days as long as the trend stays strong.
The trend is very positive for MRNJ and
could mean further gains. Looking at the chart, we don’t see a great
deal of resistance (maybe at 17 cents) until November’s high of 22
cents. The news has been positive lately and we are recommending that
members put this one on their radar.
With
the tremendous move we have seen so far for this one, there is no
telling where the ride will stop. So, as always book profits when you
can and be sure to limit losses. These momentum stocks can come down
just as fast as they climbed up, so be careful. We hope that you can
enjoy the ride to "easy profits" on this one though!
See you in the site!
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