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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
Penny Stock Trading Thoughts for 9/28/2009
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.