RAYS, AAPL, NWS, INTC


Raystream (RAYS:OB) Raystream is being talked about by some in the penny stock community as being the next Lithium Exploration Group (LEXG:OB). At this point the stock is up 10% and if the rumors about a strong promo campaign are true, then RAYS could become a frequent member of many Stocks to Watch lists. At this point add RAYS to your penny stock list but, be cautious because of the underlying fundamentals.

Apple Computer (AAPL:NASDAQ) We highlighted the potential of AAPL squeezing shorts and triggering buy stop orders at the $400 level in an earlier entry, and it happened today. However, don’t confuse the recent bounce with a sustained rally. There are still gaps for AAPL to fill on the downside.

News Corp. (NWS:NASDAQ) NWS has done surprisingly well on a relative basis with all of the recent negative news flow regarding their recent scandal. If you have a long bias, use $16.30 as a read for support. However, the Wall St. protesters probably won’t help Murdoch’s situation much.

Intel (INTC:NYSE) Thus old stodgy large cap tech name might be coming back into play. INTC seems to be gaining on the chatter side in the message board community, but many of these hot money traders don’t realize is that INTC has a yield of slightly almost 4 percent. The rumors of an InterDigital (IDCC:NASDAQ) takeover also seem to be drawing attention to this name. Use $20.62 as support if you have a long bias.

More Penny Stock News, IPO Updates and Stock Market Research.




 

 

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