Monday Penny Stock Watchlist: Keeping Tabs on the Healthcare Bill
Whatever your personal political anglings may be, yesterday’s passage of the healthcare reform bill is something all investors need to keep an eye on. With $1 trillion in government healthcare spending slated for the next ten years, there’s no question that the implications on Wall Street are going to be significant and long lasting.
But what’s not initially clear is exactly how the reform bill is going to impact stocks. While new consumer protection measures should prove to be painful to the bottom line of major insurers, some stocks – including pharmaceuticals – should see increased sales volume.
Stocks are starting the day off lower this morning, most likely because of the fact that dividends and capital gains are going to be fuelling the government healthcare shopping spree – a fact that will decrease real investment gains across the board. But political machinations and meanderings aside, there are still penny stock plays to be made this week, so without further ado, let’s turn to our watchlist…
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 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 breakout penny stocks worth watching… Remember, if you want to get first crack at these penny stock plays, make sure you’re following me on Twitter!
Mattson Technology (NASADQ:MTSN) – Small-cap semiconductor play Mattson Technology is in the middle of forming a bullish ascending triangle pattern – a sign that shares could be in store for a bigger breakout in the next couple of weeks. But as always, we need to protect ourselves from downside risk on this play: don’t even consider going long until the stock breaks above the $4 level.
ChemGenex Pharmaceuticals (NASDAQ:CXSPY) – This thinly traded Australian pharma stock could be on the verge of a material move now that the FDA is performing a panel review of a leukemia injection that the company originally expected to have reviewed last month. A favorable result could mean a big bump in share prices.
MGP Ingredients (NASDAQ:MGPI) – MGP Ingredients is a Kansas-based food processing company that produces starches, gluten, and food-grade alcohol used by the packaged goods industry. Shares of the company look to be in store for a bounce higher off of the 50-day moving average today. Wait for a second consecutive positive day before thinking about taking this trade.
TransMontaigne Partners (NYSE:TLP) – Oil servicer TransMontaigne Partners is another small stock that’s showing a bullish ascending triangle right now. As is always the case with this pattern, we’ll need to see a break above resistance before we can justify putting money on the line. In this case, that level’s at $28.50.
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, March 26.
Cheers,
Jonas Elmerraji
Managing Editor, Penny Sleuth
March 22, 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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CYTR
cbai.ob(.009)==junp (.009)==cprk (.0045)look like poor people stocks =being the last of the high rollers=no reason to buy just a las vegas roll =tells why i never win
MTBR Metabolic Research Inc. Makers of Stemulite Fitness Formula for more information check out http://stemulitefitnessformula.....cly-traded
The debt of the USA and the rest of the world has “ME” very concerned as does the saber rattling that Iran keeps threatening Israel with — debt has destroyed every grand kingdom in Earth History EVEN– ROME
it devalues the power of currencies and leads to usery of the citizens of nations to enslave them in toil to clean up the problems caused by oversized Govts and reckless spending — America the free no more
Communist China owns The United States and they grow restless with the perpetual spending OF the MESSIAH obama who has bankrupted our citizens for the bad business practice of our OLIGOPLIES — the Big Banks , GM, AIG Lehman Brothers … all they recieved was free money for failing AT THE EXPENSE of the TAXPAYERS — the hard working people that cant fight GOVT SACHS who runs our country now ..
Fiat currency is worth 64cents to the dollar and every dollar the Federal RESERVE prints with no backing devalues it even more.. gold copper paladium and Silver– even diamonds
Energy to save americas independence when the war Starts — destroyed economies always leads to war with the fight over the resouces of the World.. the Strength of The U.S. and the reason China needs the US is because they only have limited energy and hardly and food..
So “Patriots Unite” and build- invest – our small oil companies to twart the oil price escalation that is coming
(MMTE) lithium is their new direction but they are mainly an oil co with land leases in proven oil fields in Oaklahoma
(MGRN) monogram energy = oil in the great stae of TEXAS
(UVSE) natural gas player drilling in the states of Louisiana and Texas — new energy gas field with huge reserves lets bring it out of decimation –leverage .0001 thats 10,000 shares for $10/ USD Natural gas will run most trucking in the near future.. going pink sheets again the natural gas prices destroyed alot of Co.’s
(GSRE) Texas oil with wells on huge oilm reserve right next door to major oil producer same field same reserve- ” Patriots UNITE” the time has come to sve our Beautiful land of Freedom before we become Socialism – Communism
WE must Support American jobs invest at Home and protect our Interests of our Freedomof Energy Indepen
I’ll give you two more gas plays
(TIDE) bring the natural gas throuigh the Gulf of Mexico and Texas off the ships .–cooled to liqify but this is a pipe to transport to OUR U>S>A destroyed by the major dip in natural gas prices –we need this pipe
(HTOG) in the Heartland of the US. Kansas to be specific —wells and land package and 110 miles of pipeline to move the precious energy to market– Clean burning fuel to clean up the market and the planet U.S. has about 100 years worth of Natural gas- leverage in all my picks to make each of you some money — watch IRAN and think of what you can do for your own Country- Invest HERE the TIME is Now!!! HERE!!!!
ATVI
PTN
HRAL..Hearing Aid outlets in Walmart stores,geared to lo cost hearing aids for an aging population..
EXK- great, midtier silver/gold miner ( bought at $ 3.19 today)
YGE- China’s solar stock ( solars are under pressure- buying opportunity at $ 12.10)
UPL- sound nat. gas company currently on deep sale price ( $ 44.20)
ADM – food/agriculture sound company in pullback ( $ 29.00)
Lyric Jeans… LYJN.PK bought at 0.024 thursday night… today 22 Mar @ 0.046 up 91.67%
AUDC
I First recommend – LTUM (Lithium Corp); – and second- UW.TSX-V (Underworld Resources Inc.)-on the Toronto Venture Exchange. — for Mar 23rd, 2010
D. Nelson ,
I like your passion about OUR nation. As a former Marine i think much the same way. I’m sure you read
a rant i made a few weeks ago about the current fascist administration and how pissed off i was about
the way they are trying to manipulate the constitution and bill of rights by using their willing lap dogs in the main stream media to try to make ‘the sheep’ in this nation follow over the cliff towards a failed socialist system of govt control, and vote buying. We are at a crossroad at this point in time and the only thing that can stop it is this years elections when we vote out the fascists and ‘hamstring’ obama’s agenda.
You will be happy to note that ‘I Too’ own shares in heartland oil and gas HTOG. and have for over a year and a half. …Today i made serious coins from china by selling origin agritech (SEED) for $10.08 which i
bought early march ’09 for $1.72 per share. ….Nice profit margin dont you think?
I also bought a position in a few more solid american companies, Cheniere energy (LNG) nasdaq, based
in louisianna and the texas gulf. ..A natural gas play. And kodiak oil and gas (KOG) based in colorado.
Also today, i bought into American capitol (ACAS) nasdaq, as well as Drugstore.com (DSCM) nasdaq.
“Once a Marine, always a Marine”….study your enemy, know your enemy, assess the situation, devise a plan, ….adapt and overcome. …….
CERAMIC FUELS (cfu australian exchange).This fuel cell company is one of the leading manufacturing companies in the world and has just made alliances with various large companies in japan germany etc.This company yesterday traded over 30million shares @21cents each a rise of 20%in a day.Buy some shares at this low price i have.
NEP
SOBM is up on higher volume the last few days
bulm you decide.
Like the looks of amok…..believe they have found a large gold deposit and are getting ready to start drilling
LYJN
GTLA—- TWO WORDS MEDICAL MARIJUANA. THINK BIG CHEAP PRICE GOOD VOLUME!!
When i recommended LYJN after i bought at 0.004 a year and a half ago and held until it popped to 0.02
last week, i had no idea it was going to 0.08, today and suddenly attracting market analysts. I had a hunch
when i found them that ‘they had legs’… I am increasing my position tomorrow. … My main plays are on
the nasdaq, amex, nyse, and to a lessor extent the otc bb. ..but sometimes i speculate on the PK and occasionally i rocket launch to the 1,000s …LYJN is one i truly believe to be one ‘The master Peter Lynch’
would double down on if he was not retired with his fortune after managing fidelity magellan for all those years. …Mr Lynch was ‘a bottom feeder’ … God bless you buddy! I learned a ton about stock picking from this
brilliant bostonian.
Monday 3-22 -10 i bought shares in , Cheniere energy (LNG) nasdaq, based
in louisianna and the texas gulf. ..A natural gas play. kodiak oil and gas (KOG) based in colorado.
Also, American capitol (ACAS) nasdaq, as well as Drugstore.com (DSCM) nasdaq.
These ALL have the capacity for 3 bagger status or more ‘if’ you have the guts to stay with the dips and hold!
…Over 89 million, 516 thousand shares in ONE day!….That is what LYJN did today.
Profit takers are having a field day and i cant blame them. They got chased up for a few days and
reached 0.17 a day ago. Those that chased it up and bought at that price should just ‘chill out’ ! And Hold
what you own. ….when things settle down and the short term profit taking is over, those with the patience
to go long ‘will be rewarded over the long haul’. I tried to increase my shares but missed badly by the run-up
over the last few days. I never chase a stock. …There is ‘always’ a pullback on a hot item after a pop.
Case in point> You can NO LONGER buy SFPI, since it was taken over last year and taken private, no longer on any stock exchange. It was the maker of the george foreman grill. ..I bought and sold them
three times for maximum gain in the $1,000s. First time was 0.05 per share at a downturn, 10,000 shares.
…Sold a few months later at 0.38 per share. This went on until they had a run-up towards a takeover and
i made serious coins at the buy-out. ….’I miss them dearly as a money making strategy ‘…
Back to LYJN. …There is NO indication that Hannah is willing to sell off her company to anybody. She may be the haughty and quite business minded CEO who will run her enterprise towards excellence in a few years and beat the crap out of helen of troy (HELE) nasdaq, ‘which i bought for $9. and change early ’09 and sold for $17,97 late last year. ….Now they are in the $22.00 range but it is still called profit.
I consider LYJN as a long Term hold. …Unless the story changes. ……
I have been a Reserve Member for a number of years and enjoy and look forward to this publication. I beleve this is the perfect forum to share this information as it falls within you criteria for Penny Stocks. Please look at the following website and draw your own conclusions. You may wish to share this with your subscribed readers in the very near future.
Website: http://www.mastinc.com/
Dear Jonas,
Is there any China healthcare stocks selling for .18 cents a share.