Penny Stock Watchlist 11.02.10
AVNR NENE SAEIE ASTM ATSG LODE
It was an OTC party Monday. Most stocks were taking a nap but not stocks like NENE and CPMCF. Tuesday is an election day so we will see if people are trading and voting. Hopefully both.
AVNR
Had some fun with this one for the first hour of trading Monday but after that it was a dud. I expected a lot more action but overall Monday was kind of sleepy. We will give it another go on Tuesday as the stock is up quite a bit and I will be looking to short off any spike.
NENE
What a miss on Monday . I have bought this in and out last week but I was surprised to see the strength displayed on Monday. I thought buying at 1.28 was a stretch but it ended up at 1.45. Monster gain. I may long a Tuesday morning breakout but I can’t get aggressive with it because the stock is overcooked. Possible short on weakness.
SAEIE
Another OTC’r I like as a long play. Depending on the strength tomorrow morning I may swing this trade but that remains to be seen. I’m not a big fan of swinging OTC’s for more than a day. As these things are notorious for tanking fast.
ASTM
Sweet parabolic chart here with only one measly red day. This stock is up a ton. I may scalp some long in the a.m. because of the pop off the red day but there has to be some balance here. I’m pulling for this to get towards the 3’s so the Sogo crowd can short. Major action here. Let’s see if this can move around Tuesday.
LODE
More parabolic OTC madness. Same as above but not as powerful. I don’t know how to play it right now but I’m leaning to the short side. I will have to wait for Tuesday’s action to decide
ATSG
A nice breakout long on the daily chart and consistent upward momentum all day. This is not a super sexy play because it takes an hour to move a nickel but on a day like Monday you find these things attractive. I don’t know if will mess with it Tuesday if other stocks show up and are moving. I may end up swinging this out of my 401 with OINK
Others
Keep an eye on AUMN still lofty up here at these prices.