Penny Stocks Watchlist – April 24/09
April 22, 2009
Here is a list of 2 Penny Stock Companies which are both Nasdaq listed and contain highly favourable chart patterns – bottomed out with uptrend behaviours on the graphs, along with great PRs. Take a look…
EF Johnson Technologies, Inc.
(Public, NASDAQ:EFJI) – Today announced that it will highlight its award-winning ES Series of Project 25 radios and new products including the Lightning(TM) Control Head for the 5300 Series Mobile Radio and the Discover(TM) GPS Speaker Microphone for the 5100 ES Series Portable Radio at the Fire Department Instructors Conference (FDIC) April 23 – 25, 2009 at the Indiana Convention Center. [link]
Dayton Superior Corporation
(Public, NASDAQ:DSUP) – The leading North American provider of specialized products for the nonresidential concrete construction market, today announced that the U.S. Bankruptcy Court for the District of Delaware in Wilmington has granted it interim authorization to borrow from the twelve-month $165 million debtor-in-possession (DIP) credit facility provided by GE Capital. The DIP facility authorization will provide immediate liquidity to the Company to help fund operations during the reorganization, subject to customary conditions. [link]
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April 24th, 2009 at 9:25 am
Hi Michael,
I have seen your picks for DSUP and EFJI.
I see that so far today DSUP is up over 100%. Do you think it is too late to get in on this one?
EFJI has not really moved at all over the last couple of days. Are you still sticking with this one as a ‘buy’?
Regards,
Michael.
April 24th, 2009 at 9:33 am
@Michael, I am out of DSUP for now… made some nice profits. I think it has reached it’s relative ceiling and should start to decline from here.
April 24th, 2009 at 10:20 am
Hi Micheal,
I m bought SPSN at 0.20… now it seems the stock is going down simply because of no news. Do I hold – or average down? where do u see this going?
April 24th, 2009 at 10:27 am
@Jenn, realistically I liked SPSN on the speculation, but that has fizzled and passed. Do I see this going lower than it is now? Probably not, from experience these type of stocks will stay relatively stagnant until another PR rockets it. I have not been following SPSN for around a week now, seeking other opportunities, but make sure you stay on top of the news.
Sorry I can’t be of more help.
April 24th, 2009 at 11:30 am
I’m impressed at that call on DSUP.. I checked your site last night and was inches from buying some shares, but I chickened out. This is more of a reason to follow your calls, though! Congrats
April 24th, 2009 at 11:42 am
@Oswald, thanks alot — appreciate the feedback. Some calls I make don’t pan out, while others do… no one is perfect however I do my best to research for the best charts potent for breakouts, as well as PRs.
April 24th, 2009 at 12:03 pm
Hey Michael,
What is your opinion on zgen? http://www.google.com/finance?q=zgen
They announced successful clinical results for their Hep C drug today (though only at Phase 1). Think it’ll pop monday?
Thanks!
April 24th, 2009 at 12:12 pm
@Thomas, Really haven’t been following ZGEN, I will look into it and do some DD this weekend…def. intriguing news on the Hep C.
April 24th, 2009 at 2:32 pm
Michael- great call on dsup, got in at .23 out at .345, nice $$$, thank you. Just got into MESA, whats your take on why the price is so battered? Any thoughts on exit price?
Thanks again…
April 24th, 2009 at 2:50 pm
Hey there, just wanted to say I should of listened to you about leaving SPNG after the initial pop…i made the mistake of falling in love with it, LOL. Went in and out of it since, but now completely out. With the recent great PR and numbers, the stock is still diving every day now, it sux. Anyways, I did make money on it on the way up thanks to your comment on Google finance. I bought in some mesa and dsup as they both look good still.
Anyways, thanks for the tips…and as always, its up to our own DD and decisions in the end!
May 7th, 2009 at 9:19 am
Great pick on DSUP for that day, but they have been de-listed and are now trading at 0.135. Would you recommend picking up a small stake in DSUPQ, in anticipation of them re-emerging from Chapter 11, or stay away entirely?
May 7th, 2009 at 9:24 am
@Josh, Really I see no point holding DSUP atm, however if you feel like gambling go for a small stake, however I myself will not.