Three Booms and a Bounce -Watchlist 12/7/09
Posted on December 6, 2009 by Penny Stocks Picker
Penny stocks up and penny stocks down. Which one is next is any one’s guess. The key to making money in penny stocks is trading the one that has all the attention. This new attention creates volatility in the stock. This volatility is where a disciplined trader (not investor) can potentially profit on a trade. All the penny stock market players are looking for the same thing…….who is next?….how far will she go up?….how low will she go?……. and when do I get back in so I can do it all over again?
EWKS @ .0004 (Historical breakout volume signals massive attention. Day #1 of volume and price breakout so good chance she goes higher. I tried a good part of Friday to buy in at .0002 and couldn’t. The first time it hit .0004 was all the confirmation I needed to raise my bid. I up-ed my bid to .0003 knowing I had a good chance that profit takers (up 300% at that point) would push the ask back down. As expected that happened and my order filled and before long it was back at .0004. Maybe we see .0003 (ask) again but I’m pretty sure .0002 (ask) is gone for now.)
BZCN @ .0028 (This baby has been on the watch list several times. Boy I love BZCN she has been so good to me!!!! What a great stock to trade last week and I still keeping her on my watch list.)
VIPR @ .0019 (Another text book beauty that has been on the watch.)
KMAG @ .009 (Bounce play. Breakout volume keyed me in but the price went the wrong direction…..SELLING! I’ll be looking for buying volume as confirmation to enter this play.)
Tags: making money in penny stocks, penny stocks
Filed Under: Picks N Tips
