STOCKS TO WATCH – CLWR, MOS

 

CLWR, MOS, JPM, MCP


Clearwire (CLWR:NASDAQ) Shares of Clearwire were up nicely today in anticipation of earnings. In the aftermarket they also remain near where they closed. On the surface CLWR had a decent release. Revenue was up and losses subsided. CLWR also feels they can beat the streets subscriber target of 10 million. But was today’s move higher just short covering before numbers ? Keep in mind that there is still a downside gap to fill at $1.64.

Mosiac (MOS:NYSE) MOS looked great last week and not so hot today. Although there seems to be a basing process going on with the Ag’s, they need to actually break out. Maybe M&A will help the group, but something needs to happen fast before lower lows start getting set.

JP Morgan (JPM:NYSE) Shares of the bell weather financial had a decent day, outperforming the market, but the volume was sort of light for a move of roughly 2.5%. Patience might pay off in this name once the European mess gets off the front page. Bulls might say that the recent pullback was just a gap fill.

Molycorp (MCP:NYSE) Do you realize that you could have bought MCP under $30 earlier this month ? Don’t feel so bad, even speculative traders shy away from names like these on dips. MCP seems to be stabilizing in the mid to high $30′s, but needs something other than higher REE spot prices to really break out. So keep looking for news out of Washington or China for the next move. Also, the $36.50 level looks pretty solid for support.

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CGFIA

 

CGFIA Announces A Merger


CGFIA CGFIABuilding through acquisition is normal for many penny stocks and Colorado Goldfields (CGFIA.PK). Today, CGFIA issued a PR that announced a Memorandum of Understanding with American Sierra Gold to execute a merger between the two companies. This deal is the fourth acquisition that CGFIA has made.

CGFIA also engaged in a little fluff today. They highlighted the fact that there shareholder base has now grown to 15k. Now with gold flying for the last few years and CGFIA being in play from time to time, medals shouldn’t be handed out for an expanded shareholder base. However, in the past, many have been drawn into stories similar to this one.

Despite CGFIA being the most active penny stocks on the board today, buyers didn’t show conviction. Shares of CGFIA closed down 33.33% on volume of 742,962,882, and simply just traded the spread as many sub penny stocks do.

CGFIA Stock Very Active


Fundamentally speaking, lost 567.93k, and has only 11.03k in cash. CGFIA also has 935.42k in debt. However, as we have mentioned many times here at PSE before, penny stocks are news and event driven. Investors basically understand that they have to live with inferior financials etc. when they purchase low priced stocks.

There is also another area of concern regarding CGFIA, and it’s the stocks’ trading pattern. Despite a fairly active stream of news, shares have been in a mild downtrend for a while, and have not traded over a penny since 2009. So is CGFIA merely a liquidation penny stock ? Probably not. Although CGFIA ahould be added to your penny stock list, just take the increased message board activity and volume surges at face value.

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MOST ACTIVE PENNY STOCKS – CGFIA, SAVW

 

CGFIA, SAVW, UNDT, AFPW, PDPR


Colorado Goldfields (CGFIA.PK) CGFIA was the most active penny stock on the board today. Gold prices were flat today and despite the fact that CGFIA issued a fluffy PR, shares simply traded the spread and finished down 33.33% on volume of a little more than 742 million shares.

Savwatt (SAVW.OB) SAVW is a green penny stock that is often one of the bulletin boards’ most active names. Today, shares closed at 0.0011 on volume of little more than 9.8 million shares.

Universal Detection (UNDT.OB) This terror penny stock is also a usual suspect on this list. Today shares of UNDT were up 50% on volume of almost 10.8 million shares. However, the action just seemed like sub penny stock scalpers working the spread.

Alimifuel Power Corp (AFPW.OB) AFPW is a new fairly name in the penny stock community and has been in a recent decline. Shares of AFPW closed at 0.0032 on volume of almost 10.8 million shares.

Marathon Group Corp (PDPR.PK) PDPR was the second most active penny stock in the market today. Shares closed down 50% at 0.0002 on volume of roughly 344 million shares.

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STOCKS IN PLAY – MF, COH

 

MF, COH, QQQ, DG


MF (NYSE) MF Global situation is a mess and hopefully if doesn’t drag down the broader averages for more than a day. It boggles my mind that Corzine is in this situation. Shares are still halted, but when it re-opens zombie penny stock plays will almost surely be attracted to it. Look for MF to regularly be one of the most active pink sheets stocks on it’s delisted from the NYSE.

Coach (COH:NYSE) This high end retail name was used by some longs as a stealth China play due to the country’s new demand for high priced goods. However, the chart is starting to roll over a bit, but has held the $63 range a few times before. The 62.79 level looks like a line in the sand level for now. A break of that support could lure in some aggressive swing trading shorts.

NASDAQ ETF (QQQ:NYSE) I want to mention the Q’s a few days in advance of the Groupon IPO. Mainly because traders often buy NASDAQ futures when high profile IPO’s trade at nice premiums. This trend has happened several times before and needs to be watched. Some IPO services are calling for a 3-5 point premium in Groupon so add QQQ to your ETF list.

Dollar General (DG:NYSE) We mentioned this name a few days ago as a stock that could be sold because of a rotation of institutional funds. But so far it’s only drifted down mildly despite having a chart that appears to be rolling over. Use the $38.50 as a read for future short term direction.

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MOST ACTIVE BULLETIN BOARD STOCKS – EVCA, QOIL

 

EVCA, QOIL, UNDT, GERS, GNTA


Here is ia list of the most active bulletin board stocks on Friday for your weekend review. The names, symbols, etc. are listed below:

Evcarco (EVCA) is a familiar name on this list recently. However, shares are still in a decline after a recent promotion. EVCA is currently down 14.29% at 0.0006 on volume of a little under 44 million shares.

Quest Oil (QOIL) is also another frequent guest of this list. Today, QOIL is dead even at 0.0001 with volume slightly under 26 million shares so far.

Universal Detection (UNDT) is frequently a penny stock name that pops up with low priced traders when a potential terror threat looms. But today, it seems like sub penny stock traders are merely working the spread, despite shares being up 50%. UNDT is currently trading at 0.0003 on volume over 21 million shares.

Greenshift (GERS) is another name that seems to be traded by pure spec players and scalpers. Although the volume is heavy at right under 19 million shares, shares are even for the day at 0.0001.

Genta (GNTA) is a penny stock that jumps on and off the most active bulletin board stock list. So far today, shares are down 6.67% at 0.0014 on volume of slightly more than 13 million shares.

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