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Beacon Research Issues TraderNotes on MMTE, EFCR, RMDX, CHINA, SRSR, SOLF for December 31, 2007

Today’s TraderNotes include: Mammoth Energy Group, Inc. (Pink Sheets: MMTE), EGPI Firecreek, Inc. (OTCBB: EFCR), Remote Mdx Inc. (OTCBB: RMDX), CDC Corporation (Nasdaq: CHINA), Sarissa Resources, Inc. (Pink Sheets: SRSR), Solarfun Power Holdings Co., Ltd. (Nasdaq: SOLF)

 

Mammoth Energy Group, Inc. (MMTE) TraderNote – MMTE Finds Bright Prospects with Oklahoma Drilling Rights

 

Mammoth Energy Group, Inc. (MMTE) closed last Friday at 0.06, a positive change of 0.01 or an increase of 27.12% from the previous close of 0.05.  Mammoth Energy Group, Inc. is a US-based energy company involved in exploring, developing and extracting shallow gas resources and oil resources. The Company focuses on identifying and evaluating oil and gas prospects and then furnishes expertise and capital for developing projects that offer strong potential for commercially viable quantities of oil and gas. MMTE contracts with third parties for prospect drilling operations, negotiates production sales contracts, and delivers oil and gas production to the marketplace. Through a wholly-owned subsidiary, United Gas OK, Inc., MMTE owns the drilling rights to a 1,400 acre prospect in Oklahoma’s Noble and Kay Counties. MMTE is finding momentum in trading as the company plans to drill up to 60 gas wells on this prospect over the next 12-24 months.  During last Friday’s trading, MMTE traded a volume of 287,754 shares within the range of 0.04 – 0.06, consolidating during the last trading days of the year with a 2-week range of 0.04 – 0.11.  Share prices closed at its high for the day at 0.06, indicating a near term bullish signal and establishing a significant support level for take-off next year. 

 

EGPI Firecreek, Inc. (EFCR) TraderNote – EFCR Boosted by 75% Working Interest in Success Oil Co.’s J.B. Tubb/Amoco Crawar Property

 

EGPI Firecreek, Inc. (EFCR) closed last Friday at 0.0025, a positive change of 0.0015 or a sharp increase of 150% from the previous close of 0.001.  EGPI Firecreek Inc., through its Firecreek unit, is focused on oil production with an emphasis on acquiring existing oil fields with proven reserves, the rehabilitation of potentially high throughput oilfields, resource properties and inventories on an international basis.  Effective July 1, 2004, EGPI Firecreek, Inc. acquired Firecreek Petroleum, Inc., and its subsidiary Firecreek Romania, SRL, and effective November 15, 2005, Firecreek purchased a 50% undivided interest in leases, wells, equipment, gas and to a lesser extent oil reserves, and other rights, located in Green River Basin, Sweetwater County, Wyoming.  Recently, the Company and its wholly owned subsidiary, Firecreek Petroleum, Inc. signed an MOU, acquiring 75% working interest in Success Oil Co’s J.B. Tubb/Amoco Crawar Property, North 40 Acres.  This includes an initial two well reentry program for oil and gas.  In last Friday’s trading, EFCR heavily traded with a volume of 6,310,336 shares within the broad range of 0.0011 – 0.0027.   RSI in last Friday’s daily chart was in the bullish zone of 67.82%; still below the 70% overbought level.  MACD of the same chart is still in the negative zone following the previous days’ drawdown below the 0.001 price level but with both fast and slow EMAs rising towards the 0-level, with the 12-day EMA trading above the 26-day EMA, indicating a continuing bullish signal.

 

Remote Mdx Inc. (RMDX) TraderNote

 

Remote MDx, Inc. (RMDX) and its subsidiary, SecureAlert, Inc., develop and market monitoring and surveillance products and services to the criminal justice system throughout the United States. On Friday Dec 28th, the stock had another wild day, trading from $3.02 to a high of $3.70 with 5.5 million shares changing hands.  The previous day, the stock lost nearly 20% of its value as it moved down from over $4.00 to under $3.20 at one point during the day with an exceptionally high 5 million+ shares traded.  The stock has recently broken convincingly through its 50 day moving average price of $3.79, and is now in danger of testing its 200-day moving average price of $2.38.  Traders should watch these key support levels to see where the stock will find a footing.  With a market cap nearing $450 million and revenues of only $3.2 million, investors should be very cautious as long-term profitability is very questionable. 

 

CDC Corporation (CHINA) TraderNote – CHINA’s CDC Software Joins the Open Applications Group Inc. (OAGi)

 

CDC Corporation (CHINA) closed last Friday at 4.95, a positive change of 0.84 or an increase of 20.44% from the previous close of 4.11.  CDC Corporation was established in 1995 with original name of Chinadotcom, an internet pioneer in Asia which has grown and evolved into a global provider of enterprise software, business solutions and mobile and internet applications. The CDC family of companies includes CDC Software, focused on enterprise software applications and services; CDC Mobile, focused on mobile applications; CDC Games, focused on online games; and China.com, focused on portals for the greater China markets.  Recently, CDC Software, a wholly owned subsidiary of CDC Corporation (CHINA) and a provider of industry-specific enterprise software applications and business services, announced that it has joined the Open Applications Group Inc. (OAGi), a leading open standards group in the enterprise application industry.  Following such announcement, CHINA heavily traded last Friday with a volume of 26,737,500 shares in 52,229 trades.  Friday’s daily chart reflected a technical trading gap formed by the previous day’s close at 4.11 and the opening last Friday at 4.61, indicating strength in buying moves in initiating upward reversal to expect a more bullish signal for the next session. 

 

Sarissa Resources Inc. (SRSR) TraderNote – SRSR Strengthened Its Board with Introductions of Keevil and Cheriton

 

Sarissa Resources Inc. (SRSR) closed last Friday at 0.013, a positive change of 0.0015 or an increase of 13.04% from the previous close of 0.0115.  Sarissa Resouces, Inc. is an American junior exploration company that identifies and explores mineral properties in North America.  Currently, Sarissa has interests in properties with base metal, precious metal, and uranium prospects in Northern Ontario, Canada.  Recently, there were changes to the Board to signal development toward a more aggressive growth strategy for Sarissa.  Scott Keevil has been appointed President as the post was vacated and Dr. Cam Cheriton joined the Board of Directors.  Mr. Keevil will receive 30 million restricted shares and Dr. Cheriton will receive 1 million restricted shares, both from the Sarissa treasury, for accepting these positions.  In last Friday’s trading, SRSR traded a volume of 4,887,483 shares within the range of 0.009 – 0.013.  Friday’s daily chart reflected an overbought condition from readings in the RSI indicator at 67.09, down from the 70% level, indicating a selling signal in the near term.  Slow Stochastics also showed dropping EMAs from the 80% level, with 75.00 %K and 78.89 %D, to reflect an overbought condition.

 

Solarfun Power Holdings Co., Ltd. (SOLF) TraderNote – SOLF’s Third Quarter Revenue Surged 312% to $100.6M from Last Year’s $24.4M

 

Solarfun Power Holdings Co., Ltd. (SOLF) closed last Friday at 34.02, a positive change of 0.29 or an increase of 0.86% from the previous close of 33.73.  Solarfun Power Holdings Co., Ltd., through its subsidiary, Jiangsu Linyang Solarfun Co., Ltd., engages in the development, manufacture, and sale of photovoltaic (PV) cells and PV modules primarily in the People's Republic of China.  It offers monocrystalline silicon cells and modules, and multicrystalline silicon cells and modules to system integrators, as well as through third party distributors.  Its first quarter had been bleak but was overcome by the Company during the second quarter marking a turnaround when it reported revenue spiked 358% to $61.78 million from $13.48 million in the same quarter last year. When third-quarter results were reported, nine days later shares bolted 30% in one day. Third quarter revenue surged 312% to $100.6 million, from $24.4 million in the third quarter of 2006, while net income soared 146% to $8 million, from approximately $3.23 million a year ago.  During last Friday’s trading, SOLF traded a volume of 3,997,691 shares within the range of 33.50 – 36.21.  Friday’s daily chart reflected an RSI indicator to signal an almost overbought condition at 70.70 to confirm a selling signal upon crossing the 70 level downwards, but with fundamentals to sustain bullish trend.  Likewise, slow Stochastics %D at 82.92 is almost signaling overbought condition upon falling below the 80% threshold, after registering a year high price of 37.85 last December 26, but awaiting year-end revenue report. 

 

Beacon Equity Research Disclosure

The analysts contributing to this report do not hold any shares of Mammoth Energy Group, Inc. (MMTE).  Additionally the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report.  Beacon Equity Research and its affiliates have been compensated one million shares from Star Consulting for enrollment of MMTE in this research program and to coordinate a marketing program.  This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
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