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Wednesday, September 9, 2009

ENCO Up Over 400% on New Business Contracts

Shares of Encorium Group Inc (ENCO) are demonstrating great strength as of now on 8.7 million of new business deals, including a Swine Flu (H1N1) vaccine trial win. If you're new to my blog, you've most likely never heard of this stock, but if you follow my blog, you may remember that on August 31 I wrote ENCO had a strong buying signal as it soared over 44% on a volume increase of over 2600% (original post here). I don't ever recommend or like buying penny stocks, unless they have these strong buy signals on them. The 21 cent stock as of yesterday's close has traded as high as $1.23 per share today.

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