SPARTAN STOCKS 300 Exclusive Stock Pick Harbor Brewing Co., Inc. (HBWO: OTC)

SPARTAN STOCKS 300 Exclusive Stock Pick

Harbor Brewing Co., Inc. (HBWO: OTC)

When Harbor Brewing Co., Inc. (HBWO: OTC) was alerted to Spartan Stocks 300 members before market open on Thursday, Sept. 30 , the stock opened up nicely with only had a .005 gap.
● Starting at .0160, HBWO ran as high as .0209 at twice the 10-day average volume.
● HBWO closed Friday, Oct. 1 at .020 - A SOLID 25% GAINS ON OUR ALERT.

WE REMAIN BULLISH ON HBWO with support at .020 and resistance at .039 short term. We expect to see some churn in the .040 to .050 range and the stock should flirt with the 52-week high in the next two weeks as management holds to the promises of getting current reporting status and S-1 registration. Management also reduced the amount of Authorized Shares to 250 million.

HBWO has pending developments set to launch it to a new 52-week high in 4Q 2010:
● HBWO files Initial Disclosure Statement on Sept. 25
● HBWO updates dated Sept. 3: Current share structure and confirms the A/S has been reduced to 250 million shares, 84.9 Million O/S Shares, Public Float is 29,211,096.
● HBWO July restaurant revenues Up 33% over first half of 2009
● HBWO expects higher than forecasted revenues for last quarter
● HBWO aims to become fully reporting and trade on OTC Market and is taking the necessary steps to apply for listing as an OTC bulletin board ("OTCBB") listing.
● Management is working diligently to achieve reporting status and S-1 registration.

● Technical Analysis
● RSI is in the power zone at 52.97
● Resistance at .020 was broke on Thurs. Sept. 30
● Uptrend confirmed Fri. Oct 1 as the bulls closed it at .020
● MACD has just turned positive
● Accum/Distribution has started trending Upward