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Penny Stock Market – Chasing the Carrot – Watch for 4-15-09

Posted on April 14, 2009 by Penny Stocks Picker

The OTC penny stock market is no place for donkeys chasing carrots.  We help identify the rules to profit in the penny stock market (read our educational posts).  You will also find the list of penny stocks to buy (suggestions) for Wednesday.

Re-Cap and Chasing the Carrot

SureFirePennyStocks regularly provides hot stock picks to trade in the penny stock market.  PCAI suggested yesterday had a modest gain of 22% today.  SYTO was also a good penny stock today for a penny stock trader.  SYTO opened at .058 and went as high as .12 (up 155% from my suggestion last night) and eventually closed down 4% by the end of the trading day.  So, were you a good penny stock trader who profited on SYTO today or are you one of the bag holders who was chasing the carrot and forgot to pay attention to the rules?  Cheers to those who made a profit today on SYTO!! 

So what happened to you carrot chasers?  I’ll tell you.  Poor McFly was feeling sorry for himself being left outside watching the rocking party of the best penny stocks going on over at the frat house.  Finally, towards the end of the party McFly got the guts to jump in without paying any attention or realizing that a bunch of hell raisers had just crashed the best penny stocks party ever.  While McFly was so busy trying to get in he didn’t notice everybody was running for the back door.  Now, McFly is all by himself in a room full of hell raisers holding a big bag of gold.  Poor McFly he just got his AZZ kicked and is left with an empty bag.

Here is some good penny stock advice; the OTC penny stocks market is not a friendly place where you want to hang out very long (get in, get out and move on before you get your AZZ kicked).  The time frame for our hot stock picks can be from minutes to days (refer to our introduction in the category archives).  What goes up must come down, the higher the % gain in a short period of time results in higher risk (if your to late and missed out then don’t buy in, there will be others).  The volatility of the OTC penny stocks is fast passed, if you take to long to think and can’t make quick decisons while looking at the facts, then I suggest you stick to the best penny stocks in the three major exchanges (NYSE, NASDAQ and AMEX) because there a little more stable (not always).

Best penny stocks for Wednesday

TRSI @ .0002 (Volume breakout.  Went as high as .0005 today and pulled back to close at .0002 support.)

PDMI @ .004 (Volume breakout.  Possible bottom play.  Lots of chatter on the Investors Hub Bulletin Board.)

KERX @ .2011 (NASDAQ penny stocks as requested.  Breakout volume!!  MACD crossed above 0)

DNN@ 1.25 (NYSE penny stock.  Price and volume breakout.  Looks like it might be a poor representation of a cup and handle pattern (google it) on the 1 month chart??   If so, broke the ~1.10 rim line.  I’d like to see it come back and confirm that 1.10 support before going long (but not always).) 

GLIF @ .001 (Price breakout and closed at HOD on decent volume.)

VSPC @ .024 (up 100% today on News.  Breakout volume and price.  Being promoted all over.)

PCAI could still be one of the hot stock picks to play (picked it yesterday).