4 Hot Penny Stock Picks For You PennyStockers

It has been pretty slow the past 2 days with not many pumped up penny stocks to short – come on you penny stock promoters and message board pumpers! – and some penny stocks have shown signs of breaking out then for no apparent reason, falter. There are only a few penny stocks that made the cut to be watched.

SFEG – Potential Buy – Is one of the penny stocks that showed all the signs of breaking out, yet didn’t even budge and at one point was down 7% but wound up closing even on the day. What I was most surprise about was the fact that the volume literally evaporated from the stock. Maybe there was just more interest in the COOL breakout as everyone seemed to be on that bandwagon. But still keep watching it as it’s still in breakout mode. Volume is going to be key here, if volume can pour in I think it continues upward, but that remains to be seen.

VIFL - Potential Short – Kind of amazing, this is actually a penny stock that makes a profit! Pretty big run up from an earnings report from the 30th but I believe this run is over for now. Look to short this sucker on a green-to-red movement but beware this penny stock is illiquid. Trade wisely, as always.

VTNC – Potential Short – Everyday I feel like this penny stock is gonna crack and tank down, yet it just keeps truckin’ upwards. It’s gone from 3-6 off no news whatsoever and methinks it’s time for this one to come back down as I really don’t think it can sustain these levels. Anything below 5.80 should be a good short, and support is down there @ 5.40 so be aware of that.

NBY – Potential Short – I’ll save the best penny stock for last. Simply put, NBY is waaaaay over-extended on this drug news it recieved. It’s getting tons of volume on this intial run, but the volume has also been fading over the past 2 days – a good sign this thing is possibly done. Watch for a green-to-red or a move below the 3.00 point. My favorite potential short.

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