Sub Penny Stocks – Suggestions for Thursday 3-26-09
Posted on March 25, 2009 by Penny Stocks Picker
Sub penny stocks are high risk but gains can be significant
When you are trading sub penny stocks or micro cap stocks you are definitely playing the lotto (your money could disappear in the blink of an eye). However, when there is momentum followed by price increase the gains can be substantial relatively quickly (same goes for the loss). You need to be careful with the sub penny stock and micro cap stocks for a number of reasons. First, you need to take a look at the share structure (See my Investors Hub Article in the category archives for details) to ensure the company isn’t going to dilute it to death or a bunch of pumpers haven’t already loaded up and are ready to dump them onto unsuspecting newcomers. It’s pretty obvious when dilution or traders are dumping as the volume will be huge without any price movement (stay away when you see that). Secondly (not final), when you get in you already have a huge loss. For example, if the bid/ask is .0001/.0002 you pay .0002 and can sell at .0001, therefore you got a 50% loss before anything has happened. There are many more reasons to be leery of sub penny stocks but if entered at the right time you can make some big bucks quick. That’s why I love trading the triple zero micro cap stocks when the timing is right. Remember, no confirmation signal then no play.
Penny stocks to buy Suggestions 3-26-09
You probably have noticed I usually have new penny stocks to buy everyday. I don’t focus on the same old penny stocks to buy day in and day out, you can find other websites that do that. I figure your smart enough to keep watching the penny stocks that interest you and have some knowledge of how to chart. I’m looking for new blood everyday that has some form of momentum. That way you can focus more on researching the penny stocks to buy rather than trying to find them. Refer to our Introduction in the Category Archives for details about our strategy and how to use our suggestions.
NNBP @ .0009 (Bottom play with huge volume breakout. Chatter on IHUB and Yahoo. See if it can break recent downtrend.)
MYNG @ .002 (Gold play and I like the news. Nice volume and price breakout.)
PCLI @ .0002 (Is this coming to life again or is it a head fake? Nice volume breakout from nothing.)
SIX @ .29 (Nice volume and price breakout, been trending up. Can it break the 0.36 resistance?)
HTDS@ .0014 (Hmm…..not sure considering after hours it was down to .0011)
NRTLQ @ .145 (Volume with price breakout to close at High of day. You think this might fill the gap down that occurred on 1/14/09?)
CTYX @ .0625 (I see nothing that would make me want to buy this but a few News Letters pumping this one. No chatter on Yahoo or Investors Hub Bulletin board, after hours PR.)
Other Suggestions
TGEN @ .26 suggested by one of our site users (See User Stock Suggestions in Category Archives).
Some (not all) past picks I’m still watching (BZH, LJPC, ELI, IGTP, XHUA, WTWO, WWON, JNIP, DPDW)
Tags: micro cap stocks, penny stocks, penny stocks to buy, sub penny stocks
Filed Under: Picks N Tips
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To me, I may be wrong, but I think I have found a pattern I like. As I had told you before, I just found your website about 2 weeks ago. I had held my position on NEOM, but now I am waiting for my funds to settle before I try playing some of your picks. Over the past few days, I look at your picks first thing in the morning and then I pick one or two I like, based on the chart. I seem to have better luck with the ones that show a gradual increase over a few days vs. the ones that were flat lined and then all of the suden spike up. Like today for example, I liked SIX and NRTLQ. The other ones I didn’t like the chart. I have also done this with Hayz, Pinn, CHB, and Bzh. I can’t wait till Monday when my funds settle and then I can put my theory to the test. I also like the picks you make that are listed on NYSE or Nasdaq because I can see after market hours and pre market the next day to see if the momentum is still there. Also, I can nail the entry point. I have only been trading for 4 months and I have a lot to learn, but am I on to something here when I notice a chart is on the uptrend or have I just been lucky with my picks? Thanks again man.
Danny
Danny,
Really appreciate your input. You made some valid observations and I’ll incorporate this while scanning penny stocks for the daily list of suggestions. Sounds like you are doing your homework and making decisions based on your own judgment (thats awesome!!). You don’t need to be correct all the time just be disciplined. Just 4 months of trading and you are sounding like a pro with common sense. Keep learning something new everyday.