3 Penny Stocks With Stellar Gain Potential for July
We’ve got another handful of exciting penny stock plays this week – but before we get to them, I wanted to say thanks to those of you who became a fan of the Penny Sleuth on Facebook…
For those of you who became a fan before this morning, we’ve already picked 10 winners to receive a special Agora Financial Prize Package – if you’re among the winners, you’ll get an email later this week asking for your shipping details. Our Facebook page is a good resource for Sleuth readers who want to get ahold of our latest investment ideas – including small-cap commentary in between full-blown issues of the Penny Sleuth.
If you weren’t one of the folks who’s already visited our Facebook fan page, just visit http://www.facebook.com/PennySleuth to check it out.
Now, without further ado, let’s take a look at some penny stocks…
In case you’re not familiar, each week, the Penny Sleuth takes a look at a list of penny stocks that are exhibiting abnormal volume, strong technicals, upcoming news, or another catalyst that suggested they might be making a material move in the coming week.
As usual, while our Watchlist errs on the safe side of small-caps, using technical analysis to tell us where a stock is headed, we’ve opened the comments up to readers again this week, giving you the chance to offer up more speculative penny stock plays.
Check out the comments after this article to get a glimpse at a slew of new user-submitter penny stock picks – and the chance to submit your own!
Werner Enterprises (NASDAQ: WERN) – Shares of this trucking company have been forming a big, wide ascending triangle of late, one of our favorite upside patterns in the penny stock trading world. This pattern is still nascent, however, and there’s likely some downside risk in the short-term. Wait for a break above $24 before going long.
Minerco Resources (OTC: MINE) – Minerco Resources gave you another chance to make some short-side penny stock gains last week. All told, you’ve had the chance to make 53% on shares since I first recommended betting against this stock two weeks ago. This pumper continues to be volatile, so I’m recommending that you close out your shorts now. We’ll focus on more predictable patterns instead.
Books-A-Million (NASDAQ: BAMM) – One of those predictable patterns is taking place in book retailer Books-A-Million right now. Shares triggered a downside leg off of a bearish descending triangle in June, but started to reverse back up in early July. Now, this stock is starting to show us a bullish ascending triangle pattern – albeit more of a consolidation at this point – that could push shares back up to the $6.50 range.
Playboy Enterprises (NYSE: PLA) – While Playboy may be a controversial company, the investment opportunity it’s currently presenting is decidedly less explicit. Founder Hugh Hefner announced a potential deal to take Playboy private this morning, offering current investors $5.50 per share, a major premium over the sub-$4 price the stock traded at on Friday. Shares are currently priced at $5.31, which reflects the risk that the deal won’t go through. Keep an eye on this one – it could offer interesting upside to the $5.50 range as we get closer to settlement, especially with new rumors of a competing bid.
Share Your Penny Stock Picks…
Once again, we’re going interactive this week…
Just post your best penny stock pick in the comments section of this week’s Watchlist by Friday, July 16.
[Independence Note: Unlike scores of other penny stock resources, we’re 100% independent from the companies we talk about in the Sleuth – that means that we never accept compensation in exchange for profiling a company, and our editors never own a position in any stocks they talk about.]
Cheers,
Jonas Elmerraji
Managing Editor, Penny Sleuth
July 12, 2010
Jonas Elmerraji
A big-four public accounting alum, Jonas Elmerraji brings his readers extensive expertise in small-cap stocks and broad market moves. Elmerraji’s interest in the market started with an investing course in elementary school – today he holds a degree in financial economics from UMBC and specializes in blending fundamental and technical analysis. Elmerraji has contributed to Forbes, TheStreet.com, and Investors Business Daily among others. He is managing editor of the Penny Momentum Trader, and a co-editor of Penny Stock Fortunes.
The Penny Sleuth, presented by Agora Financial, features articles on penny stocks, options, small-cap stocks, pink sheet stocks and OTCBB coverage.
Sign-up for the FREE Penny Sleuth e-letter to get small-cap stock analysis and options strategies sent straight to your email inbox every trading day.
We Value Your Privacy
ShareThis
MCLN
I just read your Monday Penny Stock Watchlist, where you it said I told you about the stock MINE two weeks ago. Take the gain and sellow. i went through my emails where did I miss that news. I don’t want to
miss anything. Thanks Steven Kmetz
HAVE YOU CONSIDERED THE ENORMOUS POTENTIAL FOR GROWTH OF C E R U S ( C E R S) AND INOVIO PHARMACEUTUCALS (INO)????? CERUS TECHNOLOGY IS WELL ESTABLISHED AND APPROVED IN MANY
EUROPEAN COUNTRIES -WHEN ALSO APPROVED BY THE FDA THE SKY WILL BE THE LIMIT !!!!!
INOVIO (INO) IS WORKING HARD WITH DNA VACCINES FOR FLU ( ALL KIND OF FLU) CANCER AND
IMMUNO DEFICIENCIES….AND GIANT PHARMACEUTICAL COMPANIES ARE WATCHING CLOSER
THE PROGRESS……
CERS AND INO …….LOOK CLOSER THESE TWO WINNERS…!!!!
Mister alberto, …I own both of these since the late ’08 meltdown and am with you 100% ! …I wont say what
a ridiculously low price i bought them for, but suffice to say i knew they were nothing more than ‘beaten down’ stocks, not damaged companies, as were almost all of the over 200 companies i bought in this time frame. CERS is almost a 10 bagger at this time and i am not even thinking of selling yet, just on the back burner simmering a while longer. … Here is one i recommended a long time ago, and ‘why i was increasing my position’… I bought it dirt cheap in ’09. …A few months ago i described right here a field trip to my nearest borders group and went into detail why i was increasing my position. ….Well, i did, and i was right again! …BGP~ nyse. ….Is still a strong buy in MY book and …hell, i may increase again.
My pick is TGS, current price is 3.78
and my sell price is double that.
Per your request, take a gander at GDHI.
“HARD to STARBOARD” !! …… Steady now! ….courage now, Aim for the foremast. ….HOLD YOUR POSITIONS! ….”we are in firing range sir” …..’Very well’ …….on my mark, 3-2 -1 …..”FIRE”!!!! ……
….Heh heh heh! …….This market is almost like shooting fish in a barrel ! .. Holding long on many, and
watching prices drop to increase my position in a few, and buy into a few at what i believe will bottom by
august 2010. As a subscriber to ‘penny stock fortunes’, I read all e-mails and all opinions from ‘The 5′
and all contrarian posts from Mr Bonner as to how the U.S. of A. is doomed. The fact is Mr. Bonner, that
75 to 90% of your ‘doom & gloom’ scenarios are not exactly based in facts, but rather trying to scare people into buying your, and others newsletters for profit. …Here is another fact for you to ponder….personally, …
….I will compare my portfolio of currently 309 companies in my hedge fund, most of them holding long since
late 2008, against anything you can offer. I am not slapping you across the face mind, but sometimes the small investor has a much better edge than those who take the advice of those who offer advice for profit.
..Especially when he or she has been in wallstreet combat for over 15 years. Have a nice weekend sirs!
ARE YOU FOLLOWING THE POSSIBLE REVALUATION ON THE IRAQI DINAR?