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9 Stocks To Watch On My Penny Stock List Today: SCLN, SPDE, VG, EGHT, RTK, HEB, FRZ

 August 26, 2009 01:37 PM

SCLN continued its "breakout" attempt, hanging around the $4.30-$4.40 range ALL day…boooooring, amazingly its even more boring than CHINA when it was trying to break down a few weeks ago, you'll see this happen a lot in August, and especially on real companies, still a potential buy if it can ever get over $4.50

SPDE re-announced more of their same news…this company is such n obvious scumbag, when the stock spiked form $2.75 to $4+ before 10am yesterday, it was good for a quick short, but since it hung around $3 all day, I didn't want to be bored to death like SCLN and try to make only 25 cents/share, not worth my time/the risk…ALWAYS look to short this stock into quick spikes from now on

[Related -Vonage Holdings Corp. (VG) Shares Rally To Highest Level In Two Years]

RTK continued fading to $2.10, but only down a few cents/share on the day, boooooring, maybe this is just healthy consolidation until their next hype-filled press release…question is how long until that day, methinks this stock will trade like HEB, lots of fading price action permeated by a few quick spikes, tough tohld for any long period of time, next!

JEDM tanking 25%+ to 13 cents/share is not a surprise at all…it just stinks that there were NO shares to short or else this would be easy $…remember this pattern, this is the ideal one to short, obviously just gotta find shares to short and yes, it can happen, just not every time…please adjust your expectations, next!

[Related -A 7% Yield From One Of The Most Important (And Ignored) Products On Earth]

Reddy Ice Holdings, Inc (FRZ) is most certainly not boring, it was a great buy mid-day on the breakout at $5, I just didn't think it would actually do it (stock is up from the mid-$1s in July)…goes to sow you need follow the chart/price action and not have any pre-conceived notions…now at $5.73, it's still a potential buy for the brave (not me), no real resistance until mid $7s

BioNeutral Group, Inc. (BONU) is a pure pump & dump, up from 25 cents/share to 75 cents/share in just a few days, miracle technology yeah right…I've heard it a million times before, this is a huuuuge potential short, but lets pray company insiders pay more stock promoters before the inevitable end to get this over $1/share

8×8, Inc. (EGHT) jumped 38% on 3 million shares from 75 cents to $1.05 without any recent news. Most of the move happened after 3pm, so methinks traders are trying to push this up to get out today, longterm resistance is right at $1, potential short

Willdan Group, Inc. (WLDN) jumped from the $2ish range on huge volume to $5 by 11am yesterday, entirely due to its $67 energy efficiency million contract win with ConEd. Huge news for just a $10 million company (now $27 million)…but the stock faded throughout the day to $3.75, support at $3, this is not a short nor a buy here, just a stock to watch, could be the next RTK with daily fading and quick PR-related spikes

Vonage Holdings Corp. (VG) is for TIMalert subscribers ONLY!

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