Monday Penny Stock Watchlist: And the Winner Is…
Nov 2nd, 2009 | By Jonas Elmerraji | Category: Featured, Over the Counter Markets, Penny stocks, Pink sheet stocks, Technical Analysis
With tens of thousands of stocks trading every day, it’s easy to feel overwhelmed on your quest for the next high performing penny stock. That’s why every week, the Penny Sleuth delivers our exclusive Monday Penny Stock Watchlist – 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.
And it’s a list worth watching… if you kept up with our Penny Stock Watchlist last Monday, you could have made 12%, 24%, even 89% on a single play. This week, we’ve got five more stocks that are worth watching between now and Friday.
There’s no question that last week’s Watchlist was impacted by a stock market that pushed investors down four out of five trading days. But still, we managed to leverage that negative sentiment with our short recommendation in Synovus Financial (NYSE: SNV) for a potential 24% gain.
And 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 last week, giving you the chance to offer up more speculative penny stock plays – and win a special edition DVD of I.O.U.S.A. in the process…
Well, the results have been tabulated, and last week’s best-performing penny pickers were Kevin H. who suggested shares of Signature Devices (PINK: SDVI) for an 89.19% gain and Jay V. who suggested shares of Artificial Life (OTC: ALIF) for a gain of 39.13%. Both of our winners will be getting a Penny Sleuth Prize Package in the mail for their trouble.
You’ll get another chance to win this week. More on that in a minute…
First, onto this week’s Penny Stock Watchlist:
Nabi Biopharmaceuticals (NASDAQ: NABI) – This $163 million biopharma stock has been facing intense pressure from shareholders of late. Right now the stock is sitting right below its key resistance levels, which could be a very big deal. If this stock pushes above its 50-day moving average, expect the ensuing breakout to send shares up double-digits. Otherwise, this stock should be left to the short sellers this week.
LiveDeal (NASDAQ: LIVE) – This internet Yellow Pages publisher has fallen on tough times as advertising rates have fallen through the floor, posting yet another consecutive loss in its latest quarter. That said, things could be looking up for shareholders this week as the stock bounces off of support and back up into gain-range.
Sunwin International Neutraceuticals (OTC: SUWN) – Sunwin is a Chinese company produces and sells a natural sweeteners and medicinal herbs. Right now shares of this small and volatile company look like they’re consolidating, which with the help of a bullish overall market could be one sweet stock for careful investors.
Newpark Resources (NYSE: NR) – As with LiveDeal, Newpark Resources just found support at its 200-day moving average, and could be signaling for a big bounce. Newpark, an oilfield service provider, has taken some hard hits this year as oil prices fell from record highs down to $30 per barrel. But as oil prices make a resurgence, this stock should benefit from additional drilling activity.
Imation Corp (NYSE: IMN) – This digital media company is exhibiting a bearish pattern right now despite solid earnings number in late October. An uptick in volume on this stock doesn’t bode well for investors who are long.
Share Your Penny Stock Picks
Once again, we’re going interactive this week… And giving readers the chance to win a free copy of I.O.U.S.A. in the process.
Just post your recommendation below in the comments section of this article between now and the market’s close on Friday, November 6. The two readers with the best performing picks each score a Special Edition DVD of the award-winning documentary.
Cheers,
Jonas Elmerraji
November 2, 2009
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my choice would be Voice Messaging International; VMII. It is around 20 cents a share now. Has been to 40 cents or so this year.
VMII is now a part of Google Apps, being marketed world-wide. It has many contracts and has now been approved by the White House for government agencies wanting to upgrade their systems. Contracts are coming!
BEHL should start upwards pretty soon. Just announced big merger with a private company (RWE – Renewable World Energies) and hope to uplist to otc.bb soon.
Good company with great prospects. I believe it’s way undervalued at 0.0278 where it’s currently trading.
One to watch, for sure!
neom great technlogy and a new comer lggt also good product both very chea could be a home run
I bought shares of NHYT for a bounce play and as I predicted they shot up today and I believe will continue for a few more days.
Technicals are looking good for MNYG.OB. Presently selling at .0016.
I thing you should look at CPSZ ..02 yesterday .04 today
It is starting to take off and has excellent prospects in the Jail Kiosk business.
They now have nine jails with cashless kiosk installations and more coming
Thanks for looking
BCTE will climb long term as green shines again.
UNQT is the next big penny stock, get it while cheap
CCTR is ready to move and keeps getting good news. Is trading around the 4-5cent range but has topped .30 and should go there again.
My personal entry on this contest is MTCH…
I recommended Zagg Incorporated many many months ago. They are poised to explode to the upside,as they did from my entry at 0.95 late 2008 to closing today 11-2-09 almost $6,00 per share which they will reach easily by the end of the month. …They are filing the paperwork to list on the NASDAQ, and in time….
Katie bar the Fu**ing door! ….by 2011 this will be a $20.00 stock or more. …ZAGG Inc. OTC:BB
http://www.zagg.com/
I bought AIG last november 2008 when the world was about to stop turning at $0.47 per share. ,,,Does anyone consider that a bad investment today? heh heh heh! …
LLEG is ready for a ten pt spike this week Laidlaw energy, look it up, the pennant is up, buy m of share for great profit and again
XMDC (XTend Medical) is going to change the medical diagnosis industry as we know it. They have developed the ‘BioHarp’ which is a cutting-edge hand-held medical imaging device that utilizes a non-invasive approach by ’scanning’ to detect inflamation in the human body on a cellular level and allow early detection and diagnosis of potentially life threatening diseases such as diabetes, liver damage and other organ problems, such as Cancer, which when treated at this early stage, can assist managed care companies, physicians, and insurance companies in increasing morbidity rates and lowering health costs significantly. XTend Medical is set to Redefine Cancer Detection With Nanotechnology. Best part is it’s still a penny stock.
I don’t understand how anyone could have missed Avis Budget group ~ nasdaq – CAR …which i bought for
$0.42 per share last november during the great selloff, and now almost $9.00 , and actually hit the 10.00 mark not long ago and poised to hit the $25 to $35.00 mark if you buy and hold!. ..I look under the wallstreet radar all the time and find bargains, such as MGPI … MGP ingredients, bought dirt cheap and recently increased my position and now over $4.50 per share. …I have 296 companies in my portfolio and am kicking ass and taking names!…but am humble enough to listen to advice after over 15 years of mind blowing losses and astronomical gains.
Try West Canyon Energy Corp WCYN:OTC – I bought in at .05 6 months ago, and last week it hit .15 – today, topped .23, but dropped back to .11 by close. The talk once was about them being a buyout candidate since their oil wells in Colombia were right beside some of the ‘big boys’ – not sure if that’s happening now, or what is going on. At any rate, 2x isn’t bad, and 3x or 4x certainly isn’t bad, either!
I like SNWT and EVRN – both getting good news and keep moving
I was going to nominate MYNG and see that Pat already beat me to it. The company has a letter of intent to purchase it’s Gold Bar mill for $10 mil and that ageement should be signed shortly. The company would also have an agreement to run the gold operation. As you will notice the volume has bee huge during the last 30 days. I believe the company with the letter of intent has been purchasing the stock with both hands. If so, and the stock takes off after the agreement is signed, then their “real” purchase price would be much less as they would control much of the stock at a purchase price averaging price of .0020. My estimates are that someone has bought up to 50% of the stock in the last 30 days. Also, they have as a kicker a suit against a previous company where they were the operation managers and it appears unfairly dismissed.
Top pick is GHLV. Not sure if this contest requirements have to be under $1.00 – but – getting in late with this play [$1.12 after todays close - up .08]. This company will deliver “big Pharma’s” drugs that go off-patent with a sublingual delivery [under the tongue] . Erectitile dysfuntion , quit smoking , and obesity are top three to get them off and running. They have LOCKED UP WORLDWIDE RIGHTS ON THIS TECHNOLOGY!
My pick is NNVC.
Nanoviricides often makes nice spikes whenever there is some bird or swine flu news.
Seems to have a strong bottom at $0.50
I think that SMVI will be the next big pick.
BFHJ – Beneficial Holdings, Inc.
Casino-Gaming-Resort Investment and Mamagement Company
Authorized Shares locked for 6 months 129,000,000
The catalyst is acquisition program, possible buyout of large Casino and resort chain trading on the Euronext. (Extended offer for 42 million and Stock, now monitoring)
I’m going to actually pick again Signature Devices (PINK: SDVI) and CERP…..yes yes you are welcome
VSPC is going to be the next big pick:)
AMGOF is a excellnt choice to move rather far in the comming days and weeks!! http://www.amgoil.com/
I choose BLVI, the exclusive distributor of the new premium German beer import. If you get a taste you’ll know why1 Buy on the dip to 3 cents and It will go up to at least 7 cents!
I vote for BLGO
My pick is TIDE a natural gas pipeline coming into Texas down in the Gulf of Mexico a provider of the gas and energy needs of the U.S.A. and a super destroyed energy play in UVSE both are microcaps so leverage abounds … Tide is on the rise …six month chart. Tide has been bottom picked lately Ive watched it.
ATLANTA, GA — (Marketwire) — 11/05/09 — TRUSTCASH HOLDINGS, INC. (“TRUSTCASH”) (PINKSHEETS: TCHH) today confirms gross revenue (unaudited) for one month period ending October 31, 2009 has increased by10% compared to the previous month.
Pop3 Media Corp. (popt) Receives Deal Memo From Showtime
Pop3 Media Corp. Receives Deal Memo From Showtime
Deal Will License Film for Distribution Over Showtime’s Various Networks
Japan’s largest airline (EXTO) has been stepping up measures to reduce money-losing flights nationwide after it inked a deal to receive state-backed emergency loans to turn its business around.
JAL currently operates seven regular flights per week between the airport in Aichi Prefecture and the French capital, but demand for travel has dropped sharply due to the economic downturn and fears about the spread of the new influenza strain.
WITH GOLD TAKING OFF LIKE IT IS ,ITHINK YOU SHOULD TAKE A LOOK @ SIERRA GOLD ….SGCP, NOW TRADING AROUND .08.CENTS PER SHARE. THIS STOCK HAS BEEN AROUND A WHILE AND APPEARS TO BE POISED TO MAKE A BIG MOVE.,,,,,THANKS ..RICHARD JENKINS.
gonna go with nymh this week – hopefully another winner!
My pick for this week is GSAE.
My pick for this week is AVOE.
I bought 10000 shares of BMNM for $.05 in March 2009. Sold 3000 for $.48 on November 9. That is more than 800% of profit. BMNM announced the dividends to shareholders registered on November 16. I am holding the rest to catch the dividends and might be for future raise.
My pick for this contest for the week of Nov. 16th is MTCH, take a second and check out the chart on this, seems like this a great stock to get for either short or long term and it’s right at the year low, don’t miss out on this one, a great buy at current price but if it drops another 1 cent ya better load up, read the pr’s on this, Thanks Bryan…
My pick for this weeks contest is EGOH.
urbf –walmart deal
Gunner,
As a subscriber to Penny Stock Fortunes, I need your advice on this stock’
NCNC.OB
CEO – Acquisition of Aerospace Co.
Have begun discussions with additional aerospace co’s.
This is a true penny stock (.20 cents)
What’s up with this company????
Sincerely,
Dave
My pick for this weeks contest starting Monday, Nov. 23 is CCTR, this closed at .0293 Friday and it’s year low is .02, they released positive news before the market closed Friday stating they posted a record revenue and will release the results Monday, ya better get in…
I’m undecided on 2 picks for this week’s contest, I like both DKAM and LWSP, both are at year lows and both released news Friday, but I will choose DKAM for this weeks contest. Thanks.
gsae is ready to go. March 4 or 5 could be the time because bottom came today. It bouced back and now all buys should move the stock north. Keep this one on your radar.