Penny stock list for April 6, 2009.
Penny Stocks – ARSC AXL CHB ERPL IGTP OPGX PGYC PLBI POPT PXIT SIRI WAMUQ
Attention to these penny stocks:
ARSC – Made another doji, possible buy only if it breaks the MA50, wait.
AXL – It’s too high to buy, it’s risky at this price, wait.
CHB – Still above the PAR SAR, but, losing strength, possible pullback soon, wait.
IGTP – Made a doji and closed at the HOD, I expect a white candle today, hold.
OPGX – The Golden Cross provoked a run, made along white candle, this kind of candles tend to provoke two or three short black candles the days after, this is due to profit taking, but, not always react this way, this stock can also make another long white candle today, as this is a low float stock, although I am sure that the float is not the same since the last run, the CEO said the float is about 80 million shares, this is not truth, or the company sold new shares or this is naked short, hold.
PGYC – Something is wrong with this stock, received a buyout offer of 42 cents per share and it falls? However it supported above the MA200, I will follow it and will let you know if it is good to buy, wait.
PLBI – It’s holding above the MA200, but, it’s too risky to buy at this price, wait.
POPT – Just to watch, looks like a pump & dump, wait.
PXIT – Made another doji with more volume than the previous day, closed again at .0002, I expect a breakout at any moment, hold.
SIRI – It’s still above the PAR SAR like a few of the others on the list, maybe waiting for a green day in the market to rebound, wait.
WAMUQ – Another one just poised at the PAR SAR, wait.
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Dr PennyStock
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Doc, u seem to be nailing your picks when u wait for a MA50 breakout.It would be great if u could post the breakout price(MA50) or slightly above for conformation.Also its good when you put in BOLD LETTERING (MA50,and ONLY BUY if).Maybe u should try to find more of the MA50 type plays if u can.Hope this post makes sense.
(Here is an example from March 16th I believe)
WAMUQ – It has broken the PAR SAR, it’s a buy only if it breaks the MA50 at .036, wait.
Steve,
Yes, the MA50 is one of the breakout points, but, also the PAR SAR or a strong resistance, I always say the MA50 value if the breakout point is the MA50, and also use the bold every time I think it’s important.
Thanks