Archive for September, 2009
Penny Stock Trading Thoughts for 9-29-2009
Written by troy on Monday, September 28, 2009 | No Comments
Categories: Uncategorized Tags: dvax, Penny Stock Trading, penny stocks
Today was obviously a good day for the overall market though not a great day for penny stocks. I did end up selling PLUG at .85. I had about a 12% profit in it so I got rid of it. It doesn’t seem like too many stocks are holding on to their gains lately.
DVAX, FREE and PED had a little bit of a bounce today. I had an order in for DVAX at $1.78 that never got filled. In hind sight, I should have moved it up. I believe DVAX will be back over $2 shortly. DVAX moved over 6% today, PED moved almost 5% and FREE moved nearly 5% as well.
ADLR dropped a decent amount during the day as it fell to $1.56 but it erased all of the losses to close even on the day. This is a decent sign in and of itself. There appears to be a near term channel with a bottom of $1.50 – $1.55. It tested that today but it could move even lower. My hope obviously is that it begins to move up but I feel comfortable with it through this area.
XFN was only up slightly. Volume has dried up in the last few days. It traded less than 7000 shares today and since I own nearly that much it doesn’t make me too happy. Hopefully, volume will increase and it will begin and upward march.
Penny Stock Trading Thoughts for 9/28/2009
Written by troy on Sunday, September 27, 2009 | No Comments
Categories: Uncategorized Tags: dynavax technologies, edge petroleum, Penny Stock Trading, Profits
I would like to add a couple of ideas to the watch list. The first is EPEX. This is a low price penny stock called Edge Petroleum. The stock is in a general uptrend and a pullback to .49 may cause me to enter the stock. I believe it closed around .52 on Friday. Would only be looking for a small move out of this stock, maybe something along the lines of 10 cents or so. Of course that is a 20% move which I will take any day of the week. Remember I am a trader, not an investor.
The second stock is a little pricier. It is Dynavax Technologies (DVAX). It closed at $1.78 on Friday. If it reached $1.75 then it would have closed the gap created on September 10th. I am willing to enter it now and will probably buy shares near the open assuming it hasn’t run up dramatically.
Still keep an eye on PED since it sits on a couple of different penny tip newsletters and my guess is that they will suggest the investment again in the near future. The same can be said of XFN. This little phone company actually makes money and is worth a look. It is on the same newsletters.
GRO still looks OK and probably presents a decent entry spot. The same is true of MRNA.
I would wait a bit on XOMA. Friday’s action was a little disconcerting.
I may give FREE another look on Monday. It may provide a near term rally though probably nothing spectacular. However, you can make unspectacular profits quite often and still make a good deal of money.
Good luck and happy trading.