Stock Watch: OWVI

Put OWVI on your watch list. It broke out of a resistance level on Friday. OWVI may keep climbing next week.

OWVI is the kind of stock that once it catches fire has a mind of it's own. These type of patterns happen a few times a year, and OWVI has a history of making big moves. This past Summer it had a rally that resulted in gains of roughly 900%!!!

The current pattern on OWVI shows an symmetrical triangle breakout.

View the chart here: http://img16.imageshack.us/img16/2024/owvichart.png OWVI just broke out on Friday so watch is very carefully. This could be just the start.

Here is the formal definitely of what a symmetrical triangle breakout is: http://www.investopedia.com/terms/s/symmetricaltriangle.asp

Asia is a populated place.

That's more than half the world's population. This kind of population represents huge opportunities for businesses in Asia.

OWVI is a holding company with management resourced in Asia and the United States that invests in technologies, communities and systems that facilitate trade, finance, communication and travel across international boundaries, cultures and languages.

The Asian market is representing huge opportunities for OWVI's 1World Card Program.

A lot of people who come from emerging countries do not have a bank account. These individuals have no secure way to store and carry money or to pay electronically. The 1World Card provides a powerful solution for this market.

The 1World Card ATM Card is a true bank issued, PIN-based ATM/Debit card accessible globally in over 140 countries at millions of locations.

OWVI CEO Stephen Prior stated, "We are very pleased to be able to offer our services to the unbanked and underserved. This is a validation of our common strategy which, from its inception, focused on the millions of good people in the unbanked and underserved market."

OWVI has expanded their global relationship to include new 1World Card Program s in countries and territories throughout Asia Pacific and now in Vietnam.

Vietnam has only issued around 10 million debit and credit cards as of December 2008, and the country has over 86 million citizens.

After a decade of reforms, Vietnam's economy is growing more than 7% a year, lifting incomes and reducing poverty.

According to the World Bank, the economic reforms have paid off. Vietnam's per capita income in the past 10 years has more than doubled!

Indonesia presents to OWVI a large market opportunity into one of Asia's fastest growing regions.

Today, there are some five million Indonesian migrant workers abroad, each receiving an average monthly salary of US$250.

OWVI CEO Steve Prior commented, "The remittances of migrant workers have a significant role to play in supporting economic and social development.

Sending money not only provides sustenance, but also provides opportunities for their families to better improve their lives. Better access to financial services and information, therefore, is important to ensure that the remittances are used for savings and productive investment. This in turn would sustainably enhance the living standards of migrant workers and their families."

Indonesia, the fourth most populous nation in the world, is highly diverse in terms of both terrain and culture. This nation of over 225.5 million people has a fast growing Indonesian community in the "new" migration countries, led by the United States.

OWVI announced a few months ago that they have negotiated with a bank to issue it's prepaid 1World Card in the United States!

More information on OWVI is available at their website: http://www.1worldventures.net Make sure you always do your own research and consult with your own financial professional.