Four Hot Penny Stocks To Potentially Short….0 To Potentially Buy

by PennyStocker on April 15, 2009

in Watchlist

BSDM lets get to my fave one first. Look @ the PR’s this penny stock company releases, one everyother day and for the most part they’re all fluff PR’s too. Yesterday’s PR’s were were no different yet it’s up 103%! And it went up this much only within the last 2 hours of the market being open. This penny stock is looking very good for a short tomorrow morning. I’ll be looking for a green-to-red move to short, or when it makes a new low intraday.

DRL no reason for this big run up on this penny stock. It’s a sketchy little company that claims it provides financial services in Puerto Rico and New York. Whatever. I’ll be looking to short this thing when it breaks support at 4.22. or makes lower-lows intraday.

MGPI wow biggggggg up swing here for no apparent reason. Pretty much gone up a 100% the past few days with no news. RSI is registering at 91, so it’s waaaayyy overbought! Do you know what that means? Potential short! 2.00 is resistance right now, if it passes 2.00 I don’t think I would short this. 1.88 seems to be support—if it breaks that it’ll give up some good money to you if you’re short biased.

TNS won’t stop going up will it? Just when I thought it couldn’t go up anymore it goes up 15%. No news on this stock either, so the more and more it goes up, the more it’s a short. Don’t you just love how that works? I do. Potential short today, but don’t be surprised to see this one move higher.

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