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Supatcha Resources Inc SAEI Gold Mining Penny Stock Looks Good

I do not normally talk about penny stocks that much here at Best Online Trades for obvious reasons.  But today I went long SAEI for several reasons.  One reason is that we are in the heart of penny stock season.  The other reason is that the gold sector is very hot right now (even though the gold price looks quite toppy now). 

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Posted in Penny Stocks
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Viking Systems Inc VKNG looks like an Outstanding Position Trade

The more I think about the most probable trading setups, the more I think that position trading is probably the most potentially profitable way to go because it allows you to participate in trends and ‘ride the bull’ so to speak instead of constantly pulling your hair out worrying about every little price tick.

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Posted in Biotech Stocks, Long Term Trading, Penny Stocks, Position Trading
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Freddie Mac May Move in Sympathy with AIG soon

Freddie Mac (FRE) currently price at 1.34 may move higher in sympathy with AIG American International Group, Inc. soon.  FRE continues to be dogged by the housing depression and the government involvement or lack thereof.

However the economy is on the mend and there are some bright spots appear that may lift the shares of Freddie Mac 

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Posted in Market Timing, Online Trading, Penny Stocks, Stock Setups
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Penny Gold Stock CVRG Converge Global Continues to have Bullish Tendencies

CVRG20091206

The overall chart structure and historical trading pattern and current trading action in the .046 cent gold mining penny stock CVRG Converge Global continues to look good for this beginning week of December the 7th.

My weekly indicators are telling me that this week that begins December the 7th is a possible breakout week for CVRG. 

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Posted in Penny Stocks
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Gold Mining Penny Stock CVRG Converge Global Setting up for a MoonShot

Before I even begin to talk about CVRG let me say this.  CVRG is a PINKSHEET penny stock that is extremely speculative and has all the normal disadvantages that normally come with pink sheet stocks.  I consider penny stocks in some ways less risky than options because they do not have time decay,

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Posted in Commodity Stocks, Gold Mining Stocks, Penny Stocks, PinkSheet Stocks
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Stocks to Focus on for Tuesday, August 18 2009

I am going to be watching , CEGE and CTIC, EPEX for Tuesday August 18th.

EPEX turned down today and broke back inside its downtrend.  Will be interesting to see if it can jump back above the down trend and maybe start some kind of run.  If the market tanks again tomorrow then EPEX may turn stale again so we will have to see what it looks like tomorrow.

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Posted in Online Trading, Penny Stocks, Stock Setups
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CHB Champion Enterprises Setup Looks Good

chb20090814

CHB Champion Enterprises has had some big volume come in recently (shaded in green on the stock chart above, click on it for full size).  And it is looking like a big move could be coming to the upside.

After a brief multi day spike up in March CHB has not really participated at all in the broad markets super rally. 

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Posted in Market Timing, Penny Stocks, Stock Picks, Stock Setups
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CORS Corus Bankshares Could Get a Big Upside Pop Soon

cors20090812

CORS is an extremely risky type of play.  But without risk, then how do you get reward?  Anyway, I think this bank stock could possibly get a big pop soon, maybe even within the next 2 days.  There is a huge short position and to be sure there are all kinds of trading games going on with CORS.

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Posted in Market Timing, Penny Stocks, Stock Setups
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A Quick Review of BEHL and IDOI

BEHL has been on a tear since we first mentioned it at .0255.  Today it closed slightly above .07 for a move of 186%.  That is a clear example of the power of penny stocks when several elements all come into play at once.

IDOI,

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Posted in Online Trading, Penny Stocks, PinkSheet Stocks
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Quick Update on Sarissa Resources

I just wanted to do a quick update on Sarissa Resources (SRSR).  Yesterday I said that I believed that the .081 low yesterday would probably be the final low.  Well today we took out that low slightly and closed at .083 .

I still think that we are going to get a violent upside reaction rally in SRSR pretty soon. 

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Posted in Online Trading, Penny Stocks, PinkSheet Stocks
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