An Exclusive Penny Stock Trading Opportunity
Today, I want to cut to the chase and offer you an exclusive trading opportunity…
I’ve received scores of e-mails saying that the Penny Sleuth’s weekly Watchlist gives you significantly more trading ideas than you’d otherwise have access to – plays that many of you have leveraged to make substantial gains in the past. But overwhelmingly, the suggestions have been the same: you want specific buy and sell advice for technical penny trades.
Well, over the course of the last year, I’ve been developing a more robust technical system for selecting penny stock setups, one that I’m finally ready to share with you. Unfortunately, with 400,000 Penny Sleuth readers, there’s just too much buying pressure behind publishing my research to the Sleuth, so instead, here’s what I’m going to do:
I’m inviting all Sleuth readers to participate in a beta test of my new trading service on a first-come, first-served basis. Spots are extremely limited – I can only grant a small number of readers access to the beta, and readers need to be willing to provide me with feedback. If this sounds like an exciting opportunity, you can get all of the details here…
Hurry though; it’s likely that we’ll be forced to remove the sign-up form later today.
Now back to the traditional Watchlist for this week…
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!
Hudson Highland Group Inc. (NASDAQ: HHGP) – The first chart I wanted to bring to your attention isn’t a new play for this week, but rather a recap of profits Sleuth reader had the chance to rein in last week. HHGP fell 10% intraweek on a bearish head and shoulders pattern. While shares are reversing today thanks to a bounce off of support, hopefully you were able to take advantage of what amounts to a very large short-term profit.
Horizon Bancorp (NASDAQ: HBNC) – Another chart featured last week still makes for a potential play today; that stock is Horizon Bancorp. Since last week, this company’s bullish ascending triangle pattern has slid above the 50-day moving average, a good sign for long-side investors. Consider getting into shares on a break above $23.
Simulations Plus Inc. (NASDAQ: SLP) – A very similar upside pattern is forming in shares of Simulations Plus, a company that develops software for pharmaceutical research and education. Shares have been forming a textbook ascending triangle pattern since early May. Wait for a push above $2.50 before going long.
Ship Finance International (NYSE: SFL) – Ship Finance International is another bullish pattern that could break out in the short-term. As soon as this stock breaks above resistance at $21, I’d recommend buying shares with a protective stop loss below $18.
Share Your Penny Stock Picks…
Once again, we’re going interactive this week…
Just post your best penny stock pick below, in the comments section of this week’s Watchlist, by Friday, August 20.
[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
August 16, 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.
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AKYI………great new technology…….hopefully orders as soon as the end of August.
CAPI- undervalued- was .01 went to .03. This where you can influence the price by buying and selling short-pump up the volume- might be a take over target…this is a sleeper
I just joint the penny stock and I have no idea how this work. It’s just a lot of information that is melting my brain.
But all this information doesn’t tell me where to go and buy stocks. do I need a software or a broker? how and where to find the trading companies mentioned in the article, can anybody help me. this is my first time ever trying to trade.
MK Filali
The rare earth elements (REEs) are getting the spotlight now that globally the supply is very limited, China currently provides about 90% of them, and they are indispensable in electric motors and other electronic parts. My shares of Molycorp (MCP) are doing well. Other up-and-comers are: Lynas Corp (LYSCF), Arafura Resources (ARAFF), Great Western Mineral Group (GWMGF), Greenland Minerals (GDLNF) and Avalon Rare Metals (AVARF). Check them out.
Filali, HOLD yer powder there friend. These are penny plays and not to be bought and held. Most run on the “event”, and you can be sure the promoters will be selling their shares into your buys. Best to study the strategies of promotion and buy during periods of low volume, and then only after you are familiar with the equity involved. Take some time and learn to read a chart so you can tell if the stock is being accumulated (bought) or distributed (sold). Study volume spikes and trends on any given equity. Mainly, these are momentum plays and your timing has to be correct or You Loose. Paper trade some stocks that interest you, when they fail, find out why and when you get a hit, find out what you did right. Best advice is to hang on to your cash until you see how it’s done…Or I may take all your bling :=)
Thank you Oliver
Thank Mike S.
I opened an account with TDAmeritrade and I’m learning, trades, charts, scans, marketwatch etc etc. The platform software they supply is called Thinkorswim and it’s very very helpful with walktroughs & demos.
I will study until I really understand and utilize it.
MK FilaLI
How about “ENTL”,
Designer Caskets…has possibilites, if management can actually manage/market make this a this a legit biz, it may be going places… Who wouldn’t want a designer casket, talk about going-out-in-style…
Came across the article below…
http://www.stltoday.com/sports.....accb6.html
Sorry, “ETNL” not “ENTL”
I sold out monolithic systems technology yesterday for a modest (profit) of just under a dollar a share, but profit is cool. The competition like qualcomm and others with 2 to 3 times the market capitol and leveredge
could clean their clock in the future. Increased my cash position, but still wary at this time. I have a few more
i may sell if an upturn occurs for a nice profit but in these times you never know when those you sell for a small profit can become a rocket launch on the charts…..selling a 3 bagger and missing the 20 bagger a year later is a frigging heartbreaker. I am going to increase my position soon in HOGS, FEED, CATM, ACAS,
MGI, CHCI, INHX, BGP, and especially NABI as soon as the next big across the board sell off occurs.
These are (technically penny stocks) …But none of these are ‘pennies per share’. some are $5 or higher, and some are $14 or more per share. Look them up and decide for yourself where ‘You’ think they are going in the future. After all, it’s Your money not mine!…..
There was a review by Penny Sleuth of 5 or 6 brokerage companies as to a good brokerage firm and it also listed the not so good brokerage firms. I can’t find it.
John F. Burns