Penwest Pharmaceuticals (PPCO) jumped 26% to 3.50 on positive patent
litigation news…the breakout is 3.88and it got close to breaking out at
3.70, but it's just not a volatile stock in the past so 26% in one day
is a ton…this is a potential buy on any breakout, but volume must
remain high and some more positive catalysts are probly needed for a
push over 4 before I buy.
MOP ENVIRONMENTAL SLTNS (MOPN) has spiked from 7 cents/share to 25
cents/share in 2 days on pure hype and pumping…it's an obvious
potential short, but good luck trying to find many shares to short…all
I can do is hope for another round of pumping to squeeze current shorts
and open up new share availability
Enviro Voraxial Technology, Inc. (EVTN) dropped 20% right at the
market open as those insiders who have millions of shares at the 15-40
cents/share area took advantage of CNBC viewers who were lured in by a
bullish report….good job CNBC, you just lost a few more viewers and
reinforced the incorrect notion that "penny stocks are
unpredictable"…penny stocks are NOT unpredictable, pathetic attempts at
research simply burn people and for that firms like CNBC should be
ashamed and newly crowned senior editor of CNBC.com John Carney should
be quick to not let this happen again….this is CNOA all over again
except instead of hyping a paid promotional stock, CNBC has pumped your
typical failing penny stock company that has existed by selling tons of
shares at massively discounted prices, helping insiders reap some
serious gains….no play now, not enough downside, not enough spiking.
PROLOR Biotech, Inc. (PBTH) did indeed breakout on stronger than
average volume, but the breakout was 25 cents/share and the new
conference turned out to be a non-event…potential buy for the patient
as this could really run over the next few weeks if volume remains
strong….nasty AMEX too though so bad fills are the norm.
Emisphere Tech., Inc. (EMIS) and ChromaDex Corp (CDXC) are both now
nearly 10% off their highs and potential double tops…EMIS in particular
looks like a perfect double top at 3.50 now on falling volume…both are
still only potential buys for me AFTER decisivie breakouts, ideally
accompanied by real catalysts.
Hauppauge Digital Inc. (HAUP) keeps dropping 10 cents/day smack into
the disbelieving longs like Lionmaster and his band of unlearned
followers…this will be a potential buy soon if and when it starts going
sideways and has enough volume with a solid PR (yes, a lot must come
together to make me buy into a falling knife), but without any
catalysts, this could drop all the way to the low 1s before it rebounds
and any rebound might be slim to none anyway….no play for me now.
Jones Soda Co. (JSDA) rebounded to the 1.70 area making me feel
better about my 1.75 buy to cover…no play now as it'll probly continue
being choppy and boring, they need another hyped up press release or
two!