Penny Stock Watchlist 9.8.10. NLST CHNG HLXW BORN REE VHC ALTI RMCP
Here is a funny video about being caught in a pump and dump. A must see. http://thelincolnlist.com/?p=1056
Hit BORN yesterday for +1.2k in free chat. Join us here. http://www.meebo.com/room/lincolnalerts/
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CHNG
This puddle of mud got itself a catalyst today to send this up 17%. The news was CHNG hired  Ernst & Young to help them implement an internal control program. They will assist CHNG Company  management in the recording, testing, and evaluating of internal controls involving entries and processes in financial reporting. Impressive, not 17% impressive. A company CSKI released a similar news story not to long ago and was unable to do to much with it. I expect the same here. It doesn’t take a very intelligent person to notice CHNG chart reeks but that doesn’t mean the stock doesn’t have enough juice to take off tomorrow. I doubt 17%. Today probably squeezed some early shorts and once that’s done the stock should lose steam within the first 2 hours of trading.
HLXW
Up 350% today, now that’s a gain. Nothing like a momo OTC stock. HLXW accepted an executed purchase order to provide twenty-four (24) S594 wind turbines for the Oklahoma Medical Research Foundation (OMRF).  The stock is already too high here but I won’t place it high on my short list. If you remember DSTM and LQMT, sometimes these things can really take off. Also there may be a lack of short shares available on this. I do prefer if this takes off tomorrow because it’s much easier to buy than to short. I warn you, OTC stocks can flip on you in a second. Trade this only if you are willing to lose money. As for now I remain neutral
BORN
After featuring this for days BORN finally cracked and rewarded me and several others in our free chat room. This thing tanked all day and I love that. I only have it up here because there is still more downside to 8.50. There probably will be some spikes from short covering and stop outs but certainly more downside.
ALTI
Up about 100% in the last 3 days. That alone makes this headed to short waters. Yes, there is news catalysts but that’s a steep gain. The further these stocks run the more they become unattractive to new buyers. Only fools chase and I am not into that. This stock once printed $5 and has been in a constant downtrend since. i would like to see it hit $1 before I short but I can’t see that. Maybe there will be some upward move in the morning session to try a short position. There would have to be a lot of circumstances present to get me to buy a breakout.
The stocks below have been featured in previous watch lists and are heavily overbought
REE VHC RMCP