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Ten Hot Stocks
By: Timothy Sykes   Tuesday, July 08, 2008 12:21 PM

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Genta Incorporated (GNTA) is now a perfect triple within a few weeks, sufficient long-term downtrend means odds favor a short soon—but not until it shows signs of fading…reserve shares just in case

PATIENT ACCESS SOLUTIONS INC (PASO) just got bigtime video promotion yesterday after the market close by classy promoters Stockwire.com (see rather impressive video..I mean production quality, not company quality…duhhhhh…HERE) they teased it over the weekend though so smart traders already coulda/shoulda/woulda done research/bought, anitipating the probable gap higher today…former Stockwire promotion SPKL went from 50 cents to $2 in a month—before the inevitable pump and dump gradual multi-month fade (silly investors, buy into the hype, but never believe it!)—so there’s probly upside here, but let’s see how it plays out…as TNRO teaches us lately, not all promotions work out

IndyMac Bancorp, Inc. (IMB) I posted about this nearly a week ago HERE and it looks like I was dead on…bad news, can’t get financing, definitely not a bottom fishing buy, without positive news, it’s a low probability pattern to buy into (sorry Lionmaster!), could still yet turnaround, but who knows, who cares, now it’s CNBC talk bait.

GETG the breakout continues here, almost bought before the close, but spread moves too fast on too little volume, I prefer more highly manipulated/blatant frauds like HYHY

Universal Energy Corp. (UVSE) & FORTEL Inc. (FRTL) are the two true penny stocks—think under 10 cents/share—that are all the rage right now—along with a few others—not my game at all, congrats to those like UFgemini who seemingly played these correctlym ever ever expect the runups in these turds to contine, it’s all about message board and chatroom hype

MercadoLibre, Inc. (MELI) Even as moron ANALysts like Scott Devitt put out $48 price targets based on solid fundamentals, this one continues to drop like a rock on double average volume—nobody gives a flying sh#$ what Scotty thinks LOL, breaking through all possible support levels, showing people exactly how useless ANALysts are, especially in bear markets, especially since they’ll probly get fired before the next bull market…yeah Scotty better start looking for a new job…the rest of us, just watch, hopefully panic selling will bring this down to the low $20s or even the teens before a solid bounce…Scotty doesn’t know, Scotty doesn’t know

TGC as I posted HERE I was thinking about shorting its runup from being down 15% to up 15% on the day, but hesitated, PennyStocking student Jeff Moates didn’t and he banked $1,700 in profits as did a few others when in GOTS chatroom! No guts no glory…now it’ll probly go back and forth

BIOSHAFT WTR TECHNOLOGY INC (BSHF) this spammer is baaaaaaaaaaaack, watch it, don’t even think about shorting yet

GigaMedia Limited (GIGM) is the latest piece of manure Asian company—as exemplified by its horrendous chart (how does that taste you naive investors/Kool-Aid drinkers!)—that’s spiked basically cuz that’s what shitty companies do when they go down too fast and the message board start hyping a little runup…remember CHDX yesterday, that coulda woulda shouda been good for a $2 price drop to short into…reserve shares of GIGM and pray to the Asian gods Nobu and Megu that this one keeps spiking, giving us more probable downside


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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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