Stock Watch 2/21/07

I've got forceswing candidate FALC as well as breakout candidates ICGN WITM AOB GNPI ID STEI and INSM & NYNY. Also fails and fast k watches, TRXI AVNR ILA.

In the past few months, a few of my colleagues have approached me about joining an MLM travel network, YTB Travel. YTBL came up on one of my low RSI filters today so I did a little homework - this is to benefit them...

YTBL hit its 52 week high just on 2/7/07 ($18.50) but is now trading at $6.65 (losing 15% on 2/20/07). What happened? Stocklemon.com released this Reality Check article on 2/8/07 that raises some very pertinent questions and cautions investors.

YTB International (YourTravelBiz.com) has a Market Cap north of $450 million with no current financials. Any stock that rises straight up 900% in two months is always an object of interest.

The stock has been dropping since. Here's a few possibilities as to the reasons why:

• YTBL hasn't reported its financials in over a year
• it's trading on the pinks because of lack of financial reporting
• it's restating its financials for the past 3 years
• it's reported three times the revenues from selling business opportunities than it had from selling its core product

Not to say that the stock can't make a reversal but it's good to know what's going on behind the scenes and driving investors in addition to the technical indicators. Definitely, call it my curiosity candidate.