Monday Penny Stock Watchlist: 4 More Stocks for a Chance at 119% Gains
There’s no shortage of investment opportunities in this market. With literally thousands of small-cap stocks that trade on major exchanges like the NYSE or NASDAQ or Over-the-Counter, on the pink sheets or OTCBB, there are scores of moneymaking trades taking place each and every day.
But figuring out which tickers to watch for a potential trade isn’t quite so simple.
The popularity of penny stocks has meant that it’s sometimes difficult to discern which stocks are set to make moves, and which are about to get tripped up. And with unscrupulous penny stock promoters vying for the next pump and dump, there’s simply a shortage of independent guidance in the penny stock world.
That’s where our weekly Penny Stock Watchlist comes in…
Each week, we take 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.
The past month has been an incredibly strong one for more than a few of the stocks that made the watchlist. We measure performance intraweek, from the time this e-mail hits reader inboxes until the market’s close at the end of the week. Three weeks ago, readers had the chance to make 207.65% on La Jolla Pharmaceutical (NASDAQ: LJPC) and another 54.43% two weeks ago on China Infrastructure Investment Corp (NASDAQ: CIIC) – we did it again last week with a potential 119% gain on Athersys Inc. (NASDAQ: ATHX).
All told, investing in all three plays back to back would have turned $1,000 into $10,404.78 in just 3 weeks.
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 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!
First, though, let’s take a look at this week’s penny stocks worth watching…
3 Par Inc. (NASDAQ: PAR) – This computer storage solution company opened significantly higher today following an article in Barron’s that recognized 3 Par as a big potential buyout candidate. Clearly, investors agree, pushing shares of the small company higher as a result – and opening up some interesting short- and long-term technicals. In the near term, a today’s jump halts the slide shares have taken from $11.50, and longer-term, a bullish ascending triangle is forming that could mean a breakout above the black resistance level in the chart above. That’s a potential triple-digit upside just 10% or so away from current levels.
Acorda Therapeutics (NASDAQ: ACOR) – While this small bio-pharma play has stayed under the radar lately, an increasingly bullish technical take on this stock could make for a push higher during this shortened trading week.
Palm, Inc. (NASDAQ: PALM) – While mobile device maker Palm may be a bigger name than most readers are used to seeing on our weekly watchlist, this stock’s technicals and strong trader interest make it worth taking a look at today. Palm was in a strong uptrend just a year ago that broke late August, becoming a resistance level for the stock. Since then, shares of Palm have been trading decidedly lower. A recent breakdown below a trading channel could be the first sign of a more volatile downward move. Look for consecutive closes beneath the lower horizontal black line in the chart above.
Cornerstone Therapeutics (NASDAQ: CRTX) – Specialty biopharmaceutical company Cornerstone Therapeutics is worth watching this week following significantly increased search volume on Google this morning. While search trends may seem like a strange way to gauge investor interest, it typically equates to high buying or selling volume during trading. Strong moving average resistance could lead this stock lower in the coming week.
Share Your Penny Stock Picks
Once again, we’re going interactive this week…
Just post your recommendation in the comments section of this article between now and the market’s close on Thursday, December 31 to share your favorite penny stock play with the rest of the world.
Cheers,
Jonas Elmerraji
December 28, 2009
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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Suggest that you look at Curis (CRIS)………….nice move and looks like more to come.
The stock market will go higher the 11,1?? Small Gold USA miner Gspg Starting production leverage for the hearted.. GXPI.. CPRK –USA.. NEOM .. THE REAL PLAY WILL BE AMERICAN ENERGY CO.s –GSRE–UVSE leverage for the hearted.
My first pick is ITRO—ITRONICS, Second pick- VSPC- VIASPACE —– Third is Left Behind Games-LFBG
add SYNM to your list of stocks to pop
My pick for this contest is RHIE, this one is gonna bounce sometime soon it fell too fast, check it out and look at the companies that have invested in it, JP Morgan and Goldman Sachs to name a couple.
excellent product for the world wide bridge infrastructure problem! No one has a product like it…. will be on MSNBC AND FOX NEWS real soon…. at year low!!… watch it or get in now…. MTCH
take a look at NAK at around 8.50 looks like a pop to the 11 dollar mark soon
zvtk look like it will be huge its gaining volume everyday. It looks like it is ready to start poping.
AVTC is a nice stock tgo own
Geely Auto out of china is buying Volvo from Ford.
Shares should rise.
geely.pk====.56 a share
I’m submitting MBRK for review. I feel their new product will jump their next quarterly results very high with an appreciable spike in the stock prices, just like it did when they released their last product. Since they deal in Antibiotics, it’s one of those things that aren’t realized until flu season garners prescriptions for it.
ALTI is getting ready to pop because of the Electric Bus Battery Contract.
Check out Tsho on the pink list It has gone from .001 to as high as 80 cents. Has pulled to 68 cents. Many news releases. It’s an informercial company
PCYG Up $.50 Monday Dec 28. From 3.10 to 3.60. Randy Fields fo Mrs. Fields Cookies is President of this growing Co. Software products that increase profits in the grocery and related field. Check it out !!!!!
take a look at WTWO this company has more potential than any company I know of. do some research on
them and prove me wrong!
Still recommend ECTE – I too like MTCH and SYNM – thanks for those
“IGNT” SURGED YESTERDAY BY 86%. THE COMPANY WILL BE LAUNCHING “GO TV” ON
JAN 11TH. CFO WILL DISCUSS THE FUTURE PLANS FOR THE THE COMPANY ON JAN 7TH
AT A CONFRENCE CALL. I THING ‘IGNT’ IS BOUND TO SURGE.
CORRECTION
THE COMPANY IS “ATNP” NOT ” IGNT
Azure dynamics (AZD on TSE). Trading at $0.18 they have several patents and a niche market in large truck hybrid drive trains and motors. They have several major clients (FEDEX, USPS, Purolator) and a dedicated contract with Ford to produce the Ford Transit Connect in 2010. Add to the mix is busses, freezer trucks and taxis. This company is growing strong and has excellent strong management.
I have two Biopharma companies, not just because i bought them in march ’09 and expect you people to
buy and make them rocket launch stocks. But rather because they have popped and ready to rocket launch
in the near future. Keryx biopharma- (KERX) Nasdaq. Athersys Inc.- (ATHX) Nasdaq. I own equity in over 22 pharmaceutical companies and still looking for good buys for future profit and maximum gain.
I still think my thesis of following ‘our’ tax money i spieled last week holds water. The federal govt. will NOT
let fannie mae. (FNM) or freddie mac (FRE) fail ! I bought them under $1.00 many months ago as a pure speculative play. The train is still at the station. Look at the current price and decide for yourselves.
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peix, in last month has been up and down lot but gained over 100% in last month or so.
Your pick BKPG, has really been bad, you must have been paid to push this stock. Paid $.79 & now $.23
I am not to happy with your picks BLGW.OB