Monday Penny Stock Watchlist: 4 More Stocks for Another Chance at 208%
With fears subsiding in Dubai after a $10 billion bailout, Citigroup (NYSE: C) inking a deal to repay TARP funds, and Exxon Mobil’s (NYSE: XOM) $31 billion buyout offer of oil and gas exploration company XTO Energy (NYSE: XTO), the bulls are out in force this Monday. And with increased investor sentiment comes some pretty big chances to make small-cap gains, as we found out last week. Here’s a look at an email I received at the Penny Sleuth inbox…
“Got to tell you I do not play all of your picks, but the ones I have [played] have hit, and hit big for me 100% of the time. Played LJPC at open today and made 45% in less than 50 minutes… Thanks”
– Brook H.
The stock in question, La Jolla Pharmaceutical (NASDAQ: LJPC), came from last Monday’s Watchlist, and ended up rocketing 207.65% between Tuesday morning and the market’s close on Friday, giving Sleuth readers ample opportunity to rake in triple-digit gains.
This week, we’ll try to make similar gains with four more penny stock plays – two long and two short.
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 last 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…
China Infrastructure Investment Corp (NASDAQ: CIIC) – This China-based toll road construction and management company wasn’t looking so hot earlier this month. The stock was in the midst of a bearish descending triangle pattern and looked to turn lower – much lower – on a downward breakout. But things turned in investors’ favor as the stock broke out to the upside right at the same time that the stock’s 50-day moving average broke above the 200-day moving average, a bullish signal. If this stock can consolidate and hold its upward momentum, we could see it go higher this week…
California Micro Devices (NASDAQ: CAMD) – California Micro Devices, a Milpitas-based semiconductor firm opened significantly higher today after news broke of an impending merger with On Semiconductor (NASDAQ: ONNN). As details shake themselves free, we could see even more upside on this play.
Seattle Genetics (NASDAQ: SGEN) – Therapeutic drug maker Seattle Genetics has been straggling over the past week, as the company’s shares slid amid news that deals were falling through with big strategic partners. Now in a sustained downtrend for the last several trading days with no short-term support in sight, this could be a strong downside play if it bounces down off its blue trendline.
Ardea Biosciences (NASDAQ: RDEA) – Biotechnology stock Ardea Biosciences has been rallying since mid-November, but hit the brakes as the stock found resistance at its downtrending 200-day moving average. If this stock continues to use the 200-day average as resistance, it will continue to slide lower.
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 Friday, December 18 to share your favorite penny stock play with the rest of the world.
Cheers,
Jonas Elmerraji
December 14, 2009
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Why should I care about stocks your subscribers send in? I receive enough unsolicited “recommendations” by mail & email every day from shysters hyping stocks hoping bigger fools will rush in so they can cash out.
I’m paying for research & analysis that is supposed to be unbiased and of enough value to justify your salaries. John Doe’s recommendations are just out to make a buck from your other subscribers.
Ronald,
I’m not sure you understand how the Watchlist works… For starters, it’s completely free, and provides subscribers with a forum to post their favorite small-cap plays. It gives the Penny Sleuth’s readers a chance to bounce their investment ideas off each other. Some of the picks Sleuth readers have recommended in the past have gone on to rally triple digits within the week they posted them.
As always, at the Penny Sleuth we’re completely independent from the companies we talk about — our editorial policies mandate that we don’t own shares of any company we recommend. And we never, ever accept money from companies to recommend them, unlike the unsolicited recommendations you receive in your inbox.
I hope that clears things up for you.
Thanks,
Jonas Elmerraji
Managing Editor, Penny Sleuth
sionix
I have been following a pink sheet equity listed as XMDC. This company, xtend medical corp. has just publisized a merger with a korean medical device company who has just designed and produced a new CT scanner which is portable and simple to use. Anyone have any insight or opinions? Currently trading at .034.
AMCG
BMGP.PK
Biomagnetics Diagnostics Enhances Intellectual Property Package from Los Alamos National Security Targeting Multi-Test Blood Bank Screening Biosensor
http://finance.yahoo.com/news/.....0&.v=1
Where do I go for this retire a millionair starting with as little as 200.00. I don’t see anything on this web site however I still see it in the sleth advertising?
Last week i mentioned Vonage, (VG) NYSE …and Sprint Nextel (S) NYSE. The train is still at the station and i’m increasing my position. Ready mix concrete (RMIX) Nasdaq is on the move. Keryx biopharma (KERX) Nasdaq. I bought china infrastructure investments (CIIC) Nasdaq early spring 2009, and funny it showed up
on the sleuth radar today. I agree it can rocket launch and holding long. Hell, i hold stock in 265 companies and a few may tank, but as my teacher Peter Lynch said ” You don’t have to be right about most of the stocks you buy, just the ones that are the 20 and 40 baggers”
NWND is a cheap wind stock—– slid today to a buy sign on the technicals–biofuels –TAX CREDITS–
HTOG natural gas pipeline micro prices flows the gas through Kansas- AMERICAN ENERGY
XMDC Fantastic on the spot imaging co — NEW necessary tool in the field of MEDICINE too cheap
GRGR World supplier of green energy HUGE CONTRACTS MICRO PRICES
GSPG GOLD IN OUR OWN LAND—AMERICAN JOBS Dropped to a cheap buy signal today
My pick for December is “IGNT” The company will be getting their ISO certification in December. After
Certification “IGNT’ will start exporting to China,Europe,Australia, Japan, Canada . The company will
be taking their share of $4B Respiratory market. Check out their website
at http://WWW.INGEN-TECH.COM. The Chairman has said on Oct 1st that they are preparing for
stock Buy-back in 2010 and their will not be any Reverse Split now or in the future.
I get lost of info from watchlist . I want to share info about “IGNT” with others.
Thanks
a few weeks ago i got an unsilicited recomendation for stock symbol coyn. since it had to do with police
and i am a former police man i bought a couple thousand shares at .10 cents. i lost track of who reccomended
it and no evidence as to who did this pump and dump can i find. does anyone know any thing about this stock
or who coud have reccomended it thanks
THIS IS A GOOD STOCK TWO OWN.THIS IS NOT A GET RICH OVER NIGHT STOCK,JUST A GOOD BUY NOW AND AND GET RICH IN ONE OR TWO YEARS.THIS IS A TAKE OVER IN ONE OR TWO YEARS.I THINK GOOGLE.HAPPY TRADEING
THE STOCK IS, BLAST APPLICATIONS INC. SORRY I HIT THE SUBMIT COMMENT.BUT LIKE I SAID THIS IS NOT A GET RICH OVER NIGHT STOCK. THIS IS A TAKE OVER IN I SAY TWO YEARS. AND THE STOCK WILL BE TRADEING FOR 10 TWO 15.AT THE TAKEOVER.AND IT WILL BE GOOGLE OR SOME OTHER BIG WIG.
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zvtk about to launch a new ionic energy saving light bulb that also cleans the air. The infomercials and TV ads are supposed to start this month along with ordering on the website. Selling right now at .0027. Stock is heavily diluted but if you get in now – I believe it will realistically go up at least to .10 (3700%) in the next 6 months to a year. Could move much much higher and quicker if there was not so much dillution. Will be selling worldwide. check out http://www.newionicbulb.com
Ron Guidry – check out yahoo – finance for COYN – the message boards should give you all of the info that you need.
MDOR IS SIZZLING!
Look at Geely Motors GELYF.PK They are the prime co to buy Volvo. I am in at $.23 and the stock is at $.55 today. Seems like an interesting play. Goldman is lending them $300+million and the WSJ has run several articles on them.
Check out The Bark Group(BKPG). Currently trading at 0.66. Could be an 800% gainer!
This is a SIZZLING flyer BGEM. Check it out at Scottrade.com
Keep an eye on this RARE EARTH METAL stock BHWX it’s on a roll.
A very interesting but lucrative speculative play is China green Energy (CCGY) OTC:BB exchange. it caught my eye June ’09, and is a player. Glad i bought it at that price, as well as Agria corp. (GRO) Nasadaq. This is the chinese version of a seed & plant nursery to help the chinese people grow their own gardens and feed
themselves like U.S. companies such as the catalogues we gardeners get every year. …I bought intest corp
late 2008, and sold for a profit in july 2009. Bought them again and it looks like they are a longer play this time around. (INTT) Nasdaq. …don’t even ask me why i bought fannie mae (FNM) and freddie mac (FRE)
off the bottom for pennies on the dollar many months ago following the government money! i will only say
that those same senators and congressmen who voted to bail them out have a stake in the future of their next re-election campaign, and can proudly boast to their constituents that they helped ‘jump-start’ the economy by making home loans affordable again…..They will NOT let them fail! YEP! follow the govt. money trail and take profits. I’m holding long on these positions! ……10 baggers by early 2011 easily!
FNX Mining has no long term debt and 500 million dollars in the bank. It is located in Canada Sudbury area. It has developed mines and produces copper, nickel and precious metals. The canadian dollar is rising against the US dollar and in the future Canada with a smaller population, less debt and tremendous mineral resources, hydro, wood and technology the Canadian dollar should continue to rise. FNX has slowed down with a strike in its processing end,next year’s production will definitely be higher with arrangements for processing it has worked out. But with any kind of a recovery the mineral prices will increase the new mines it has developed will also increase production. Precious metals it also mines will do well even in recessions, depressions. Previously price before the new production and recession price was $40. The price is now about $11.
New to all of this, need someone to tell me where to go to trade penny stocks. A regular broker won’t trade them or mine at least won’t tell me where it is done. Any suggestions would be greatly appreciated! JF
Jere
OPTIONSXPRESS will buy for me anything I want. Problem is the commision is higher than most…$15.
As for tips…if MBA ever gets discovered it will triple fast.
I recently purchased some shares in FDC (TXV exchange; or Vancouver). It was recommended by a local,(Toronto), analyst, whose name escapes me. FDC = Forum Uranium has started drilling in Nunavut where they own many claims, right next to Cameco. It is noteworthy that Agnico Eagle owns around 10% of this small cap. Shares are REAL penny stuff: namely, 0.12-0.13 Canadian dollars!
Cheers and a Happy Christmas
David Moore
Thanks Barton and Moore!! Have a blessed Christmas! Jere
I am putting my eggs in the VMII basket…it looks like things are finally happening for this small canadian company. they are part of google apps now and are building up a list on contracts that should give them good quarters in 2010. for 7 cents a share, i think it is time to back up the truck.
Look at RHIE, people, This is gonna bounce, ya need to get in.