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8 Good Penny Stocks To Buy & Short Sell Monday

 June 07, 2010 12:28 PM

Amerilithium Corp. (AMEL) is looking more and more like a GTZ (good til zero) as a trader named Darth likes to say, but be prepared for bumps along the way…I'd love a big spike to short into, but I'm not sure its capable of doing that….chart may eventually resemble AWSL which

Emisphere Tech., Inc. (EMIS) and ChromaDex Corp (CDXC)

Hauppauge Digital Inc. (HAUP) is now crashing down to 2.27…bigtime congratulations for anyone who held this long…this could very well drop under 2, but I'd love to see a spike sometime so I can reshort and feel better about missing the majority of this horrifically gradual downtrend.

Jones Soda Co. (JSDA) I am short 7600 shares at 1.90…I wanted 10k but it dropped too quick…I took advantage of a surprise morning spike that caught short sellers off guard…great entry price, small position size gives me more patience to wait for the probable 30-50 cent/share gains I believe are possible…potential further short

[Related -Pier 1 Imports Inc. (PIR) Q1 Earnings Preview: A Beat And Pop?]

Cost Plus, Inc. (CPWM) and Pier 1 Imports, Inc. (PIR)

FuelCell Energy, Inc. (FCEL) never was given a chance for a second day spike meaning the 10-20 cents/share scalpers win again…no way to live, not worth the time, not worth the risk of getting squeezed…some will disagree with me, but I've had years as that kind of scalper, I'll only take those kinds of profits when a trade absolutely fails for me, not when that's best case scenario, does that make sense? Please say yes…if not, pick up one of my 10 study guides so you don't have to be lost anymore…no play here now.

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