NWS, CYS, DOGO, JPM, AREM, MCP


News Corp (NWS:NYSE) NWS had a monster reversal today on earnings and a buyback program. However, today’s move in NWS might just have been a function of short covering. There is still a large amount of headline risk in NWS, so be careful if you have a long bias.

Cypress Sharpridge (CYS:NYSE) This high yielding name is trading like a champ and is one of the few names that really hasn’t been impacted by the market’s recent decline. But CYS has done spot secondary offerings more often than most, and this name is often shorted by hedge funds who are looking for a quick pop on the dilution.

Digagogo Ventures (DOGO:OB) Not so long ago there was chatter in the penny stock community that DOGO was going to launch a massive promo program. Shares were active for a little more than a week, but seem to be dead money now. I’d still keep an eye on it because there is often a second move after the initial drop. Add DOGO to your penny stock list on a just in case basis.

JP Morgan (JPM:NYSE) Traders and investors often try to get too cute when the go long financials. They buy beaten up stocks with questionable fundamentals and hope for moves like we witnessed today. However, the solid, less risky way to play this group has been in JPM. The stock led the group out of the Lehman crash and could do the same if we have actually bottomed. There are a couple of gaps to fill on the upside as well.With the highest one being at $39.90.

American Rare Earth Materials (AREM.OB) This is a super speculative rare earth penny stock. The shares has been a non event recently and is trading near 52 week lows. However, Molycorp’s (MCP:NYSE) CEO Mark Smith made some positive comments on the industry on CNBC after the close, so it’s possible that some sympathy plays might develop in lesser names like AREM. So add AREM to your rare earth penny stock list, despite it’s lack of fundamentals.

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DOGO – The Next Big Promo Stock ?


dogo digagogo ventures DOGO Digagogo VenturesDigagogo Ventures (DOGO.OB) seems like it’s shaping up to be one of more discussed penny stocks of this upcoming week. There has been some chatter in the penny stock community that DOGO could be in the midst of a massive promotional campaign. While there seem to be skeptics out there, some feel that DOGO has the potential for gains that are comparable to the recent runs of Jammin Java (JAMN.OB) and Lithium Exploration Group (LEXG.OB).

Now both JAMN and LEXG crumbled after massive gains for those who were in early and sold on the way up. Astute penny stock traders profited nicely, despite the fact that JAMN and LEXG were basically just trading vehicles. Neither company showed much in either profits or revenues, but they managed their PR’s wisely and both turned into home runs.

Now can DOGO be the next one ? Well the story is certainly interesting. DOGO is attempting to build a network of buyers and sellers of products in a social networking setting. Since Digagogo’s reverse merger with Eco-Friendly, the company has made three acquisitions in attempt to build infrastructure, DogoPay, DogoNet and DogoSearch. It seems like the company is trying to build Paypal, Groupon, and Ebay all under one roof.

DOGO has NO Revenues

There is one small problem though, the company has virtually no revenues and DOGO‘s CEO Fernando Londe isn’t exactly a household name in the social networking space. However, according to reports, Londe owns over 60 million shares of DOGO, so it’s safe to say he has a vested interest in the stocks’ recent move and volume surge that we witnessed last week.

Does that mean you can’t profit from buying DOGO ? Absolutely not. Shares of LEXG more than quadrupled on some of the fluffiest PR’s that I have ever read. There also is the key $1 psyche level that many penny stock traders love to play, and it’s not too far away from these current levels. Add these factors to the upcoming hype of social networking IPO’s Zynga and Groupon, and DOGO could potentially turn into a major winner. Despite the flawed fundamentals and negativity.

So watch DOGO Digagogo’s volume and price action on Monday, and by all means, add DOGO to your penny stock list.


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Another Strong day For DOGO

 
After rising about 1805 in the past week, shares of DIGAGOGO VENTURES CORP (OTC:DOGO) soared another 86% to $0.409 on Monday
 
This morning, DOGO said that it has hired Advanced Creative Media, which would make the video for the company.
 
This would help DOGO to provide with high quality digital detriment platform and adds additional revenue stream.
 
On Friday, Digagogo Ventures Corp announced the acquisition of DogoSearch software from Blackswan Inventions Inc for $500,000 cash and 1,000,000 shares of Digagogo’s common stock.
 

DOGO on the Rise

This morning, DOGO gapped up and reached a 52-week high of $0.75, but those rally couldn’t be sustained and the stock came off day’s high.
 
More than 1.73 million shares have exchanged hand, compared to its average volume of 26K shares. Moreover, today’s volume is the highest in about past three months.
 
DOGO is trading well above its 50-day Moving Average and 200- day Moving Average. It has a market capitalization of $18.70 million. The stock has a 52-week range of $0.07-$0.75.
 
 

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