Tuesday, June 29, 2010

Penny Stock Watchlist: Finding the Penny Pumpers

Minerco Resouces (OTC: MINE) – Here’s a great example of a penny stock that’s in the midst of getting pumped. At first glance, this stock should be pinging your radar – up more than 63% today, this tiny mine exploration company has no reason to be showing gains… After all, the stock has no revenues, no customers, and historically huge volatility. Instead, this stock is up thanks to a favorable article written by a penny stock pumper – someone who was paid by the company to beam about it.


Affymax (NASDAQ: AFFY) – Affymax is a company that I called out as a short position last week. I told you that following a breakdown pattern, shares were on the verge of moving lower – and sure enough, Sleuth readers had the chance to make more than 16% by Friday by betting against this company.


NxStage Medical (NASDAQ: NXTM) – NxStage Medical was another of last week’s watchlist plays that gave you the chance to make intraweek profits. Shares are already up more than 13% since I recommended them last Monday, betting on upside from an ascending triangle pattern. For the unfamililar, you can learn about that pattern on page 4 of the report above.


StoneMor Partners (NASDAQ: STON) – Shares of this stock could be on the verge of a technical breakout thanks to a bullish ascending triangle pattern. Keep a close eye if shares move above $20.90.







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