Hot Penny Stocks – Suggestions for Tuesday 6-2-09
Posted on June 1, 2009 by Penny Stocks Picker
Our suggestions for Monday resulted in some hot penny stocks to trade. The market in general seems to be generating lots of hot penny stocks right now…..because they all had looked like penny stocks to me and many are making significant gains. The overall market seems to be building strength but I would actually like to see the DOW hang out around 8500 for awhile longer and build a nice base/support (not to mention so I can continue to accumulate lower priced shares in my mutual funds). My guess is the DOW is going to bounce around between 8200ish to 8900ish for some time (I been wrong many times but I like to take a guess anyway). Regardless, it doesn’t really matter to much what the overall market is doing when you are trading penny stocks. There is still plenty of hot penny stocks to trade and always will be no matter what the overall market does. You just got to find them and do something about it.
MONDAYS TOP TEN SUGGESTIONS RECAP
TMR yesterday at .49 and now .61 (up ~25% in 1 day)
APDN few weeks back at .13 now .18 (up ~10% Today alone)
EPEX yesterday at .50 and now .78 (Up 32% in 1 day)
TERA yesterday at .0007 and now .001 (Up ~43% in 1 day)
NXPN yesterday at .26 and now .33 (Up ~27% in 1 day)
HOT PENNY STOCKS FOR TUESDAY 6-2-09
I’m leaving yesterdays suggestions on the current watchlist and adding 4 more.
DTGP @ .0005 (Breakout volume and price.)
TVCE @ .0007 (Volume)
CORS @ .39 (Volume, looks like it established bottom at .30 and made a nice move today.)
VSTN @ .104 (Nice bullish candle stick today….if this gets moving again could fill the gap down from ~.30 that occured on 5/27/09)
Tags: hot penny stocks, penny stocks to trade, trading penny stocks
Filed Under: Picks N Tips
Check out ASXSF. What do you think? Got a hunch because it has 1 line of resistance and about 10 support lines below its current trading value.
http://www.stockta.com will prove it.
What do you think?
Thanks!
Nice looking chart and I see what you mean about all the support zones. I specialize in hot stocks (ones with lots of interest) and I don’t see that yet. Volume is real low and no chatter on the message boards yet and no recent news. I like to see positive chatter and buying volume. That doesn’t mean this isn’t going to move up….just that it’s not one I would watch at this point.