The market ended the day in green yesterday as all 3 major indices were higher on the day because of news the the treasury is planning to extend bailout funds to insurers. The market these days is stair stepping its way higher and higher which is long overdue.
Yesterday I was all caught up in some school work so that prevented me from trading penny stocks. I wish I could’ve shorted some of those stocks on my watchlist cause they were super profitable on the short side. I hope some of you are taking advantage of my daily penny stock lists! Nothing is really looking good for today buying wise, and there are just a few penny stocks worth shorting if the action is right. Kinda boooooring, right? Without further adieu here is today’s hot penny stocks to watch…
DIGA When will this surge stop? 6 day run over 100% with an RSI currently sitting at 90. Definitely looking like a potential short. When looking at their FORM 10-K their financials look ridiculous. Net loss of $58,000,000 aint good! Look for a short play if it breaks the 1.10 mark or goes green-to-red.
ONTY Making a surge as of late and is definitely on everyone’s radar. I guess the momo as of late is based on its compliance with Nasdaq listing requirements. It’s pretty likely this penny stock losses some steam tomorrow considering a fade in volume it’s experiencing. Watch for a breach 2.70 to maybe short.
FMD This penny stock announced that it expects reduced future tax obligations and also a tax refund. Its gone from 1.60 to 2.39 based off that news alone. This run to me doesn’t seem too legit, so I might be looking to short on any green-to-red move or possibly if it breaks 2.17.
TNS “But pennystocker this isn’t a penny stock!” – Yea, true that, BUT it has made a pretty unsustainable run here from 9 to 13 in the past week and is nearly the 200 moving average resistance making this an interesting short play to put on the watchlist. Balance Sheet and Income Statements look pretty horrendous.
And that’s it today guys and gals, Only 4 for Today. Also don’t forget that the market is closed on Friday!
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SGIC
Silicon Graphics was .32 now .41
has been going back and forth may time
Insiders are buying massive amounts
You might want to check it out