Penny Stock Watchlist 9.15.10 VRNG NEP GSS SVNT RDWR JASO RXII KV.A MCP XNPT QXM
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VRNG
Wow the CEO gets on CNBC and there goes your stock. Shocking. Why the hell they wanted to feature this I don’t know. This stock will probably suck in some happy bulls itching to buy something and then get slammed. Probably tomorrow afternoon. To be honest I hope it does go up some more.
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NEP
Has moved up since trading resumed last Thursday after a 3 month delisting hiatus. Story here. http://finance.yahoo.com/news/China-North-East-Petroleum-prnews-3968441411.html?x=0&.v=77 I was hip to short this but there is a possibility this keeps moving up for two more days into the mid 7’s. f there is bullish action at the open I would consider buying.
GSS
Another stock brought up in free chat . This think was being forced down in afternoon trading tick by tick. In the recent past this stock usually sets the high of the day at 11am EST. Predictable patterns make you serious money. I will pay attention to this one tomorrow and if I see the same thing happening I will short it.
SVNT
Won FDA approval for a gout drug that could be worth a billion dollars. However SVNT is broke and that makes them a possible takeover target. Bloomberg story here http://www.bloomberg.com/news/2010-09-14/savient-s-gout-drug-wins-u-s-fda-approval-clearing-way-for-acquisition.html. Rumors like this can run stocks up because hypothetical price targets should be bountiful. If no buyout comes within the next day or two this stock will be sold off viciously
RDWR
I won’t write an analysis on this because thelincolnlist is for stocks $20 and under but money is money. Watch this stock Wednesday.
Stocks still in play from previous watchlists. JASO RXII KV.A MCP XNPT QXM