MIAMI, May 24, 2005 (PRIMEZONE) -- Stockwire.com Releases its Movers and Shakers Blog: We like stocks trading big $$$ value volume! As of 10:30am, small-cap stocks we are following include: Lamperd Less Lethal Inc (OTCBB:LLLI) Relay Capital Corporation (Pink Sheets:RLYC), Net2Auction Inc (Pink Sheets:NAUC), and Neomedia Techonogies (OTCBB:NEOM).
Lamperd Less Lethal Inc (OTCBB:LLLI) ($2.60) hit a new all time high again this morning. Lamperd Less Lethal is a multi-national supplier of less-lethal weapons and safety equipment to police, government, and military agencies. It currently manufactures more than 250 different products ranging from body protective gear to blunt impact weapons systems. Reminds us somewhat of TASR, every trader's favorite stock from last year.
Relay Capital Corporation (Pink Sheets:RLYC) ($0.38) is up for the second day in a row. The stock is up 15% in the first hour of trading on strong volume. RLYC announced Friday after the bell that they have retained Corporate Network of Los Angeles to identify and negotiate business joint ventures, acquisitions and partnerships within the stored value card industry. Several companies that currently hold transferable joint venture contracts have been identified by Corporate Network, and negotiations have begun on behalf of Relay Capital.
Net2Auction Inc (Pink Sheets:NAUC) ($4.15) we had some reader feedback yesterday that NAUC was very over-valued at these levels. We will not argue with these diligent investors, other than to say we are momentum traders. Investors are looking at perceived future value, and just because it is over-valued today does not mean it will not go higher tomorrow. And yes, at some point this stock will come back to reality.
Neomedia Techonogies (OTCBB:NEOM) ($0.515) is up 16% this morning after announcing has allowed patents covering its core technology, extending coverage to 10 European countries.
To see the complete Movers & Shakers Blog go to: http://stockwire.com/blog.htm
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