Penny Stock Marketplace

It’s time to bring out the dreaded boot and say goodbye to a couple of old-timers.  The first one is WTER.  If you traded this one from the start and held, you are back where you started.  I guess you could say that Water Chef is a wash. Adios and thanks for the memories.  The other stock getting the heave-ho is OCCX.  We thought this one had some potential but it did nothing but take away some of our hard earned trading capital.  We will put this one into the “you can’t win them all” category. 

No complaining here. The list below gives an indication of Quazimoto’s stock picking prowess…

ERHE- up 38% then up again 50%
UDHC- up 92%
BLVD- up 300% and then up again 185%
GETG- up 166%

These four will stay on the watch list as the potential for more roller coaster action is expected.  The trick to profiting from these stocks is to not get greedy and take some (or most) off the table until the next upward move.

One additional note: RGRP, which has been very profitable after coming off the bottom, now is listed under stock symbol KITD.

Recently, I had posted my hurricane stock picks for 2008.  As this is the first day of the hurricane season, let’s take a look at the track record of those who predict the number of expected hurricanes.  Looking at the chart below makes me wonder if the stock picking monkey (you know…the one that throws dart at the stock board) has changed professions.

 
Probably the greatest benefit of hurricane prediction is to remind those who could potentially be in harms ways to prepare for the worst.  Having a plan and getting ready for whatever lies ahead can pay off in a big way.

Similarly, you can be far more successful as a trader by preparing for tomorrow’s market action, and acting accordingly, instead of attempting to predict price change.  Having a plan and knowing what to do when price and volume change is vital to your success.  Awareness of some of those “under the radar” stocks undergoing  price contraction or expansion can give you an additional advantage.  The two charts below are examples of price patterns that have potential for huge moves one way or the other.  This doesn’t mean back up the truck and load up.  Just as hurricane prediction allows for preparation of your survival kit and  maybe a refresher of your evacuation route, posting charts such as these allow you to be aware of new profit potential and to prepare accordingly.

Quazimoto picked these two stocks even though the set ups are completely different.  New Century Financial (Stock Symbol: NEWCQ) has come off the bottom after a catastrophic fall over the last several months.  It is now building a new base that will either slide back toward zero or attempt another leg up.  Regardless, it is worth keeping an eye on.

Voyant International Corp.(Stock Symbol: VOYT) is coming off some huge gains with volume and may form a new base or bounce back toward the current high.  This could provide quick and profitable opportunities.  Quazi likes both set-ups and has watch-listed them both for the short term.