OTC Penny Stock Suggestions for Thursday 5-21-09

Posted on May 20, 2009 by Penny Stocks Picker

Here’s a few OTC penny stocks to watch over the next week or so. Remember, your playing with fire and you might just get burned if you dont pay attention to what you are doing. Watch for a confirmed entry signal before going long.

BDGR @ .0045 (Black Dragon currently leases over 6000 acres which contain 1100 oil or gas wells with 275 in operation. Breakout volume with significant price increase taking out .oo40 resistance.)

MDFI @ .001 (Huge volume breakout with a 100% price increase should bring some more attention. Breakout chatter on Investors Hub message board.)

ZIPN @ .0055 (Price and Volume breakout off bottom.)

CBAI @ .0058 (Consolidated at around .0050 support. Not much risk on the downside.)

AAPH @ .48 (Decent uptrend in Blue Sky territory. News out on Tuesday that Hunter #1 well hits oil and gas in tests. This one might be a longer term play if you believe gas is going up long term.)

Thursday Morning Update

SMWF @ .0002 (12 mininutes into today’s opening it’s already traded about 800 Million shares……this is the one I’d be watching for a trade today. On the downside the A/S is in the billions and the lack of price movement to the upside confirms that in addition to possible company dilution.)

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