Archive for June, 2011

Few vital things to know before you buy Penny Stocks

June 27th, 2011

Penny stocks gives the average people an opportunity to invest their hard
earned money in the share market that will help their money to grow. Buying
these types of stocks can be a risky venture but there is risk in any type
of investment plan especially after the recent economic downturn.
According to the Security and Exchange Commission (SEC), these stocks
have been termed as penny stock because they are available for less than
five dollar. On the Pink Sheets or Over the Counter Bulletin Board (OTCBB)
the stock companies are enlisted and trade is executed here which is
popularly known as penny stock market. Read more of this.

Stock Pick: NOK

June 7th, 2011

Two weeks and two stock picks. Very unlike us, especially after a few months with nothing we loved in the market.

Last weeks Stock Pick ELTP picked at .12-.13 hit .18 yesterday (up 50%) and we’re hoping for much higher gains. There was about a 2 day window to get in at our entry price. These are not pumped or hyped stock picks.

Today’s stock pick: NOK closed at 6.60 yesterday and we like it here in the 6.50 range. The stock is down almost 50% since February. This was once a huge company and still is rather large, we feel that after a ton of misses NOK will be on the upswing. Currently hard value price per share is approximately 4.50. Has a nice dividend as well.

NOK closed at its lows of yesterday and with any luck it will gap down this morning for a nice entry point. Expect some sideways action after today before it begins the expected upswing. First resistance should be about 9.00, expect this after we begin to move up.

Again, around 6.5 looks like a good entry, we’re expecting a low open, how low we’re unsure of, If its anything drastic we’ll create another post discussing the entry.

As always, do what you feel is right and good luck!

Some older stock picks (we don’t pick often but when we do, we’ve done very well): SD gained over 300%
BANR did what we wanted, over 100% but then it split and the exact high point of gain is hard to extract, if someone wants to figure it out for us let me know.
BP This was picked in a range of about 28.00 and hit 49-50.

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