Free Daily List of Top Penny Stocks to Buy – Good Penny Stocks

Top Penny Stocks on the Move – Watch list for 10/16/09

Posted on October 15, 2009 by Penny Stocks Picker

This has been a great week so far for our list of penny stocks on the move.  Many tradeable top penny stocks on the move have been identified on our daily list of penny stocks this week.  Our goal is to identify top penny stocks on the move so you can watch them for the next few days.  Then decide for yourself if you want to trade one of these top penny stocks on the move.  As promised in my post yesterday, I’m also listing the stocks provided by our user commenter’s.  Unfortunately the site was down a good part of the day, so not all of you were able to post your stock pick suggestions.  I’ll try this again in the weeks to come.

THIS WEEKS RE-CAP (Just some of the top penny stocks on the move we listed):

• BZCN (Identified on 10/14/09 at .0008, now at .0015, up 87% in 1 day.)
• GRDO (Identified on 9/17/09 at .0034, now at .0119, up 250%.)
• PDMI (Recently re-listed on 10/12/09 at .0033, now at  .0067, up 103%  since.)
• IOVE (Identified on 10/11/09 at .0092, now at .0143, up 55%.)

Top Penny Stocks on the Move – Watch list for Friday 10/16/09

1. MDFI @ .0045 (Up 275% today with breakout volume.  Break out chatter on Investors Hub and Yahoo message boards.)
2. LCRE @ .0011 (Up 57% today with breakout volume.  Took out the .0010 resistance with lots of resistance points along the way that could hinder it.  However, breakout volume signals new interest to me.)
3. PPJE @ .0011 (Up 37% today with decent volume.  Cracking the .0010 and getting out of the triple zeros always gets me a bit excited.  On the downside….not much chatter on the message boards yet.)
4. BDGR @ .0288 (Up 51% on breakout volume.  Gap open today from .02 which always makes me nervous.  News released today.  Don’t know where this is going (just like I don’t know where anything is going….if I knew that…I would be rich)…..anyway I always like pull backs to support (.02 in this case).  Pullbacks to support in addition to filling a gap are sweet cause my risk is lower.  I can hop on when it pullbacks to support (or near) knowing that if it breaks below the support then I’m going to hop right back off and keep my loss small.)

Top Penny Picks as Suggested in our Users Comments:

• GSPG holding .01 support.
• UNCO…looks like it found a base.
• CEP (Constellation Energy Partners) Nice uptrend.
• Syndication Inc, (SYNJ), Great chart play, plus many forward looking events, University of South Carolina-3rd party 25Million dollar Grant confirmation. Opening SC Bio-fuel Plant, location confirmed. Huge Play. May run into pennies.