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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
Penny Stock Trading Thoughts for 9-29-2009
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.