Hot Penny Stock Picks – Watch for 4-8-09
Posted on April 7, 2009 by Penny Stocks Picker
Looking for hot penny stocks picks to trade? Well McFly, it just so happens we scan for hot penny stock picks to watch and trade. Buying penny stocks without a plan is easy and it’s a sure way to end up penny-less. So, when you want penny stocks to buy but don’t know how to trade penny stocks then we are also here to help. You should take some time to review our educational articles in the category archives and educate yourself before buying penny stocks or trading penny stocks. Remember, we are not investing in penny stocks here, that’s not our strategy. Do your homework….maybe get in….pay attention…..get out….move on…watch some more….come back if warranted and do it all over again.
Watchlist for Wednesday
ARSC @ .002 (Volume and price breakout on news)
NSPT @ .003 (Volume breakout, potential bottom play, news)
SPSN @ .135 (After hours news. This is going to gap up tomorrow morning based on after hours trades. I hope you read my post yesterday “Entry Tips”.)
AEN @ .72 (Volume and price breakout, news)
Noteworthy past picks
PGYC @ .0475 (News still continues about formal offer to purchase all the shares at a price of $0.42 per share and seeks shareholder approval (see my post from 4-5-09 for more details).)
GNTA @ .013 (Maybe we found support at .01 and this is now another penny stock to buy opportunity?)
PDMI @ .0064 (Called this on 4-5-09 @ .0044 and it continues to have breakout volume and price. However, you should consider that I spotted this on day one of it’s run and it’s now already into a 3-day run. So, be cautious as it could pullback. I don’t have a crystal ball McFly…I don’t know what’s going to happen. Pay attention and learn so you can become a better penny stock trader.)
UTRM @ .87 (First mentioned this on 4-5-09 @ .36 because it’s being highly promoted. It still is being promoted up the wahzoo and continues to breakout in price and volume. I still haven’t bought, just watching and learning.)
JNIP @ .0005 (After hours news.)
is modc a good buy right now. You have it on your watch list and at first it went up to .0003, it has gone back down since then to .0002. Do you see it going back up now or do you think it would be wise to not buy in now?
I would never tell anyone to buy or sell anything… the reason it went from .0003 to .0002 is because that is what the bid/ask spread was, someone bought at the ask .0003 and someone sold at the bid .0002… in my opinion it is a good buy, the bid and ask has risen to .0003x.0004 by end of day today due to a press release today http://finance.yahoo.com/news/Modern-Technology-Corp-Begins-iw-14882698.html Expect this to have a nice run in the near future as more news is released, MODC has a history of runs from .0002-.0003 to .001-.0038 and the runs are usually unexpected and before you know it your .0003s are at .001+ within a couple of hours, so yes this is the price to load up on this in preparation for a coming run… JMO