Penny Stock Briefing 9.29.10 I got the SIFY‘s
SIFY HNR ZAGG CERS REE QUIK REDF BORN
Nice trade set up on VVUS in free chat. Stop by .Free Chat. http://www.meebo.com/room/lincolnalerts/ Access code: lincolnlist
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SIFY
India is still living the bubble life. I love the prospects of this as a short but it’s reminiscent of it’s good bud REDF. So far neither one of these low income stocks have stopped going up. There have been flashes of sell offs but ultimately turned into bear traps. Watch SIFY towards the 3’s Wednesday. Not a buyer of this because the bottom can fall out any time.
HNR
It’s out of control to up a ton already this year but wait, there is more. Possible buyout rumors at 16 pr share may send this higher. Story here. http://www.thestreet.com/story/10873999/1/harvest-naturals-rocket-ride.html Sketchy on this buyout as HNR has been losing cash over the last year. I’d love to short but I know how buyout talk works. If the rumor hols it probably hits $16. If not, good night
ZAGG
Another old friend back in the mix. Shameful I let it get out of my sights. Stock has been running all month and that’s probably all it can handle. I am looking at an upside target of 5.50 for a possible buy entry. This stock turns around soon. Let’s see if it’s Wednesday.
CERS
Has now consolidated in the high 3’s. CERS always looks like it’s going to tank but the next day it goes up. I’m neutral on the stock but I will be playing close attention to the $4 level. Of course I’d rather short but if it breaks out I’ll long this as well
Stocks still in play from previous watchlist. REE QUIK REDF BORN