I recently asked Quazimoto to show me some of the steadiest, higher priced microcaps over the last few months. Some of the parameters included an average daily volume of over 1 million shares, and an upward price trend over the last 180 trading days. Not surprisingly, three of the six stocks selected are in the energy sector. Maybe the money spent on filling your gas tank can be replenished by buying and holding a few of these strong performers. Here’s the short list:
Quantum Fuel Systems, QTWW
Field Point Petroleum, FPP
Silicon Image, SIMG
Adolor Corp, ADLR
Tengasco Inc, TGC
Gasco Energy, GSX
While past performance does not guarantee future gains, several of these stocks appear to have more room for ‘improvement’. Buying the dips on stocks with these types of chart patterns can be as easy as picking that low hanging fruit. Although not a microcap or a penny stock, I’ve bought and sold Potash Corporation of Saskatchewan Inc, (Stock Symbol: POT) four times over the last several months and recording gains every time. It just goes to show that what goes up can continue to go up. After trading the sub-pennies for a while, these steady stocks allow you to breathe easy and reap the benefits of consistent performance.