Where Art Thou Penny Stock Promoters?
Borrrrrriiiiingg out there today: Only 4 penny stocks to watch — What happened to the penny stock promoters? You know, these guys. Not much going on right now with most attention being paid to the swine flu penny stocks, but there’s nothing technical about the charts on those plays that I really like…yet. Setting up to be a pretty boring Thursday in penny stock land with only a few possible trades, if and only if they cross the mentioned price points. None on the watch list are buys, just possible shorts.
ABR is a nice multi-day penny stock spike –possibly due to accumulation before earnings are reported on May 7th. Can’t really see how earnings would be any good considering its a Financial/Real Estate Trust. This company’s financial statements make me cringe when I look at them..loss of 81 million, Cash of 800k, and Debt of 2 Billion. I’m looking to short this run pretty soon, whether that’s today or in the next week remains to be seen. It’s still got some room to run and is making a nice little trading range between 2.28 and 2.55. Lets see what it does this morning–a break above 2.55 would signal a possible continuation with its spike.
DTG is making a very nice run here that very well could come to an end today when you take into account their credit exposure to Chrysler, who apparently is close to Bankruptcy. Most of Thrifty’s rental cars are from Chrysler and if reports are true that lenders have broken off talks with Chrysler then this penny stock could very well fall from it’s recent run up. Here’s the deal: 5 min chart is forming a double top, and a break of 3.20 could nail you some simple short selling profits.
MNTG I’m not feelin’ this recent run of 100%+ in two days. No news out plus it’s coming up on the 200 day moving average resistance at 2.31. All the variables point to a downward move. Will we get that today? A good short entry would be on a break of 2.00 on solid volume. Keep in mind this is connected to the casinos, so it may move with the sector.
TRIB is a swine flu penny stock that soared yesterday 60% while all the others flopped. This surge can be contributed to their very good earnings report more so the actual swine flu itself. Right now, considering the earnings, I probably won’t even think about shorting this stock. If it gets way over-extended then my sentiment may change.
Penny Stock List For April 29th
Sorry, really busy this morning so no commentary. I’ll just give em’ straight to you and let you do your thing.
I’ll have a post a little later..probably late morning early afternoon on 2 penny stocks i’ve profited off of this week.
NVAX
COIN
CMRG
DDRX
BCRX
BZH
UEC
RUTH
LNET
MNTG
XOMA
It Is Great To Be Trading Penny Stocks…Potentially 17 Of Them!
Yesterday was a very fun trading day that presented alot of opportunities to trade volatile penny stocks related to the swine flu. I planned I would only daytrade 1 time yesterday so I could have 2 more day trades available for better opportunties that may present themseleves during the week. So I stuck to my plan profited from the hype with my daytrade on NNVC’s morning gap-up (check my trades ). Full blog post about the trade coming later in the week.
The hype that is surrounding this flu is amazing thanks to the media and twitter. Will it last? We shall see what developments and PR’s are released this morning.
Oh and yes I’m writing this at 6:00 a.m since I’ve been up all night doing school work. Unfortunately there’s a chance I won’t be trading today because:
a) I might be passed out by 9:30 a.m.
b) I might be studying for a test that I have @ 2:00 p.m. – (Won’t catch the afternoon fades!)
c) I might be writing a paper due @ 4:00 p.m.
d) I might be preparing my powerpoint presentation for that paper
But you can trade! So here’s some penny stocks…
RUTH pulling a nice 3 day move from the mid-to-high 1’s to 2.95 based on the fact that analyst are sucking-up hardcore to the restaurant sector. Also speculation on 1Q earnings that are due to be reported on May 5th is moving this penny stock. If THIS write-up on RUTH by the Orlando Sentinel (Yeaaa reppin’ Florida!) is any indication, things may not be looking too good earnings wise. Keep this on watch: I’d like to try to short this penny stock sometime in the upcoming days. Key in on 3.55 as that’s the next resistance as per the 6 month chart.
MRT same deal as RUTH (Both are steakhouses) but they’re in even more financial trouble. It’ll follow the same trend as RUTH so when either of these stocks show weakness it would probably be a good idea to allocate your money and short both. Methinks that it’ll rise up and little more and maybe stall and give us a shorting opportunity at 3.50 which also happens to be where the 250 moving average is!
MDOR great looking breakout this penny stock showed yesterday. I almost pulled the buy trigger a few times in the last 5 min of the day, but I wanted money available to possibly trade all these swine flu stocks. Very very good chance of it continuing its breakout considering the volume was definitely there and it ran back into the power zone aka RSI over 70. I can usually spot a good breakout, and this has all the makings to be one. Consider buying if it opens @ 1.15 or more.
CMRG wow this penny stock’s income statement is one word: awful but on the other hand the balance sheet is much better. Either way It doesn’t matter because this is setting up to become a good short play. If it can go up even more today it will make it a good great short play. If it doesn’t go positive, a good short entry would be on a break of 1.25 but lets all hope it continues its momentum for the benefit of pennystockers on BOTH sides of the trade.
URZ is a high flying uranium penny stock looking for more. More? Even after a quick 3-day 90% run? Yep, because looking at the 5 min chart for yesterday it made a quick intraday breakout in the last final 5 mins of the trading day…would’ve been a great buy then, had I seen it. Anyways look for this one to gap up and keep booking it today but hey I don’t care, it just sets up a better shorting opportunity.
DDRX honestly? Come on already and drop! I think I’ve featured this penny stock 6 times already mentioning it as a potential short. Hopefully today we’ll see the big down move we’ve all been waiting for. Definitely my #1 possible short.
LNET deffffinitely reminds me of DDRX in the fact that the charts are somewhat identical and they’re both steam-rolling because of great 1Q earnings BUT there’s one problem. LNET’s RSI indicates that it is more overbought than DDRX, go figure? LNET’s chart displayed a steeper downtrending slope before it’s run up when compared to DDRX leading me to believe that LNET won’t make a DDRX type earnings-run simply because of bitter shareholders from September’s and October’s Tank. With that being said these shareholders bagholders might unload there shares on this already good run. Possibly lean towards more of a short than a buy at this point on this penny stock.
And of course Swine Flu Stocks
The 9 Best Penny Stocks During The Last Flu Epidemic In 2005-2006 (Click The Post To View Charts)
Does history repeat itself?
AVII
BCRX
NNVC
NVAX
GNBT
HEB
SVA
SUWN
PURE
A Penny Stock Bonanza…List Of Swine Flu Penny Stocks
It is going to be crazy today! Swine Flu Penny Stocks are on full throttle….BE CAREFUL TRADING THEM ESPECIALLY IN THE MORNING. If I buy any bird flu plays it will be on intraday highs. If you’re going to daytrade them wait til the volume fades a little bit towards the afternoon. I’ll give you a list of the bird flu penny stocks..but first lets get to some non-bird flu picks….
DDRX been featuring this penny stock for some time now because of its 200%+ rise off of good earnings. Yea yea I know I said I don’t normally like to short earnings plays…but this is getting pretty over-extended and with the bird-flu epidemic I think we could see this penny stock drop today. I might go short on a break of 7.20 on good volume.
CBL it’s a legit company..and is actually not a penny stock (Am I breaking the rules!?) it’s still low priced though at 7 dollars. Only reason I’m featurin’ it is because its gone up 80% plus on only an analyst upgrade. Sure it’s good news…but for the long-term investors. Remember, I’m a trader not an investor! Short term I think this stock may just give us a lucky chance to short especially looking at the 5-min chart seeing a OBVIOUS support line at 7.71. If it breaks it look for a good short fling.
LVFN another 52wk high on an increase in volume….Potentially a definite buy only if it opens at .91 or above AND if I’m not tied up in anything else like those down there ↓
Swine Flu Penny Stocks
BCRX
NNVC
NVAX
GNBT
AVII
HEB
SVA
VICL
SUWN
PURE