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

Trading Penny Stocks – BDGR and More Stocks

Posted on October 20, 2009 by Penny Stocks Picker

SureFirePennyStocks.com deals with trading penny stocks not investing in penny stocks.  In general, if your looking for long term investing in penny stocks then your at the wrong place.  Many of the stocks to watch do not go straight up the next day, they have momentum with high volatility (that’s what I normally look for and what brings in quick returns if your timing is correct).  Please refer to the Introduction article (where this is all explained!) and educational articles in the category archives for details. It’s very important that you read the instruction manual before you try to play this game.

Just because a penny stock to watch does not close in the green the next day does not always mean it wasn’t a good penny stock to trade.  Sure, I would like nothing more than to see every penny stock to watch keep going up, but that just ain’t going to happen (we have identified many that do continue to go up for a short period of time).  What goes up usually comes down and bounces (not always…nothing is always).  This site looks for penny stocks with high interest, volatility and momentum (the swingers). 

In regards to BDGR, I first called this when it was .0045 just before it began to move (that was a pretty safe entry point) and again on 10/15/09 when it was .0288 before the run to .054.  Last night I mentioned it was getting very scary at this point but that there was no telling which direction BDGR was headed.  Today’s move was a much needed healthy pullback allowing you a new opportunity.  I have mentioned many times in my posts to not chase a stock up but rather wait for a pullback to near a support level.  I wish BDGR pulled back to .02 and filled the gap (maybe it still will or maybe it won’t, but gaps do tend to get filled at some point).  Getting in today near .03  and out near .04 would have been a great day trade!

MORE PENNY STOCKS TO WATCH 

Please read the above information before doing anything!

• GERS @ .0028 (Nice pullback to near .0020 support today.)
• NEOM @ .0237 (Volume and price breakout today taking out key resistance levels.  Good chance this gaps up at the open so you may want to wait for a pullback.)
• IOVE @ .0129 (First mentioned on 10/11/09 @ .0092 and has been swinging all over the place.)
• BPMA @ .09  (260% gain today.  Ummmmm you think you might want to wait for a pullback and bounce?  Otherwise you might just want to pass.)
• CERP @ .15 (Hugh volume and price breakout. Smashed up and closed against the .15 resistance.  Like I said above, I’d either wait for a pullback or a break above .15 (without a gap up at open) before doing anything.)
• CTDB @ .173 (Another one with volume and price breakout.  However this one  took out and closed above the .15 resistance zone.)