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Penny Stock Listings – HAYZ Update – Penny Stocks to watch Friday 3-20-09

Posted on March 19, 2009 by Penny Stocks Picker

Penny stock listings

Our daily penny stock listings so far have provided many good penny stocks to buy and trade (CROE was up ~200% at one point today).  However, I want to stress that our suggestions are not a just jump right in list of penny stocks to buy.  It’s my mission to use an unbiased approach to identify hot penny stocks on the move and provide you (and myself) with a list of penny stocks that may lead to a profitable hot penny stock trade the following day(s).  It’s your job to confirm a trading signal and determine when to get in and out.  If your not familiar with my strategy then I suggest you review my Introduction and education articles in the category archives (I’ll be posting new educational articles in the days ahead, so keep checking back for more helpful guidance).

HAYZ update

As I mentioned last night I still liked HAYZ but had already sold half my position (Locked in profits as per one of my Golden Rules).  Well, today I totally freaked out when during the first 20minutes after the market opened I saw it drop from about .16 and break the .129 support zone and hit .11 in the blink of an eye.  I pretty much decided at that point the momentum might be over for now and that it needed to consolidate.  I put in an order to sell my remaining position at .17 (It filled during the day!!).  HAYZ did close at the .129 support (See chart I posted on 3/17/09, it’s always cool to see how support and resistance zones hold up) so I might jump back in later.  If you don’t know already, a resistance zone become a support zone when the stock price breaks above that resistance (old resistance becomes new support and vice versa).

Penny stock listings (Friday 3-20)

OVER-THE-COUNTER PINK SHEETS (OTC)
AVTI @ .0004 (Up 100% today.  Volume, Price, Yahoo and Investors Hub Bulletin Board chatter breaking out.) 
LCCI @ .0185 (Up 164% today.  Price breakout, IHUB and Yahoo chatter.)
THMR @ .062  (I actually spotted this last night @ .038 but decided not to list it because possible Chapter 11 bankruptcy, which seems not to have mattered that much considering the 63% increase in price today).

OVER-THE-COUNTER BULLETIN BOARD (OTCBB )
ARTI @ .0015 (Up 275% today.  News release, huge volume breakout (stalled at .002 resistance).)
EGMI @ .53  (Up 10% and broke above the .50 resistance to close at .53 HOD).
MOVT @ .0013 (First suggested this on Sunday, March 15 @.0006 and is showing up on my scans again.)

NASDAQ
XTLB @ .12  (Volume breakout but stalled at .14 resistance.  IHUB chatter picking up momentum.)

USER STOCK SUGGESTIONS (Recommendations by our website users)
MODC @ .0005 (See comments in category archives “User Stock Suggestions”.)
NEOM @ .014

A bunch of other penny stocks showed up in my scans that may be worthy, but I decided not to declare them as suggestions for a variety of reasons while conducting my research (this is why I’m up so late writing this post).  Hey, I’m not always correct so I decided I should at least list them and let you research them if you wanted.  (QMLM, DPHIQ, VSTN, TXCO, EFTI, NOBL, SPCB, LEA, LDSR).