10 Wednesday Stocks to Watch

AMSC, MCET, LNKD, LEXG, REE, RIMM, NOK, LOGL, SLV


American Superconductor (AMSC:NASDAQ) This green energy play announced today that they will miss their revenue estimate and their delay earnings announcement. This is usually not good news, but AMSC may be so beaten up that it doesn’t matter. However, considering AMSC’s massive short interest, the sidelines might be best on this one.

Multicell Techs (MCET:OB) This hot penny stock more than tripled today on big volume. Add MCET to your list of stocks just in case of follow through.

LinkedIn (LNKD:NASDAQ) There is plenty of talk about the option pricing of LNKD and the availability of borrowing for a short sales. Shares of LNKD were beaten up today, but could be a swing trade bounce candidate for experienced traders at some point.

Lithium Exploration Group (LEXG:OB) The volume has been drying up in LEXG in the last couple of weeks, but that doesn’t necessarily mean the selling is done. Regardless of your bias, add LEXG to your penny stock list.

Rare Element Resources (REE:AMEX) Rare earth stocks did OK today and seem to be coming back in favor. REE is a small cap and is more than 5 point off it’s 52 week high. This is just another name that could rip if the group sentiment remains favorable.

Dell Computer (DELL:NASDAQ) This once hot stock has become almost a value trap for some traders. However, DELL is currently the top trending stock on Yahoo Market Pulse at the time of this entry.

Research in Motion (RIMM:NASDAQ) It’s become pretty hard to say anything positive about RIMM lately. It just seems like committed longs are pinning their hopes on a takeover. The technicals look weak at best.

Nokia (NOK:NYSE) We had NOK on the mornings stock to watch list and noted it’s weakness. Shares of NOK didn’t close on the lows of the day but they were in the neighborhood. There are investors that love to buy these single digit share price, NYSE names that are fallen angels. I am just not one of them.

Legend Oil and Gas (LOGL:OB) We highlighted LOGL a little while back and the shares have been forming a decent base and are near year highs. Keep an eye on this one just in case of a breakout.

IShares Silver Trust (SLV:NYSE) Just when people thought the run was over this Silver ETF has quietly worked itself higher. Are all of the weak hands out the trade ? Only time will tell.

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LBSR

Liberty Star Uranium – LBSR Showing Strength


lbsr liberty star uranium LBSRFollowing a rise of about 100% in the past week, shares of Liberty Star Uranium & Metals Corp. (OTC:LBSR) jumped another 28% on Tuesday as traders continued to focus on the company’s recent announcement about their development in their Tombstone Porphyry-Precious Metals Project.

On May 26, 2011, LBSR announced that its CEO James Briscoe got first draft of the NI 43-101 style technical report. However, most of the important information s were not mentioned, the report said that there is huge potential to generate high grades of copper, moly, gold, silver, lead, zinc and other by-product metals.

It looks like, traders are more optimistic on the stock and awaiting some more good news from the company.

Liberty Star Uranium said that have been working on the progress of the project and expect to come out with the final report within next 30 days.

The company is also promising to explore core drilling as soon as they can. But, the recent rally is sustainable?

Tough to say LBSR may need to dilute its shares as they may need to pay to McNicoll, Lewis & Vlak LLC worth $10.000 in shares against financial advisory services.

The company had $1,100,315 of cash and cash equivalents as of January 31, 2011. However, noticeable, the company has negative working capital of $2,193,786.

Liberty Star Uranium & Metals Corp serves as an exploration stage company with a focus on the acquisition and exploration of mineral properties in the States of Arizona and Alaska.

More info on uranium mining stocks

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Stocks to Watch

SPLS, POT, JAMN, LTUM, AVL, CDIV, SZYM, WAMUQ


Staples (SPLS:NASDAQ) This name has been dead since dropping after announcing it’s earnings. SPLS still hasn’t had a dead cat bounce and the market is bidding up in the pre market. Could be trouble for SPLS if it can’t stage a rally in today’s environment.

Potash (POT:NYSE) Ag’s are starting to look a little better and POT is the darling of day traders and hedge funds. Please don’t forget that POT had a takeover bid on the board recently. There is also a school of thought that says the Ag’s can trade independently of other commodity based stocks.

Nokia (NOK:NYSE) Currently the top trending stock on Yahoo Market Pulse. NOK is down roughly 10% in the pre market and shorts could gain additional traction if we see a market reversal at some point in the day.

Jammin Java (JAMN.OB) JAMN will try to hold the $2 handle this week. Is another promo coming ? Or does JAMN just slowly drift lower from here. Either way, add JAMN to your penny stock list.

Lithium Corp. (LTUM.OB) I just want to mention this one despite the fact that LTUM has really no action in it right now. However, this stock does mover in sympathy with other lithium penny stocks. Always keep an eye on LTUM for a secondary type move. Even if it’s currently dead.

Avalon (AVL:AMEX) Watch this small cap name as rare earths look hot today. AVL’s market cap is still well under $1 billion.

Goldman Sachs (GS:NYSE) GS is getting close to book value and has bounced from there before. Traders could take GS higher because of feel good sentiment.

Cascadia Investments (CDIV.PK) A negative Seattle Times article may have finally took the spunk out of CDIV. But, remember, CDIV has a cult following and could bounce on news or a promo. CDIV was once a penny stock scalpers dream stock.

Solazyme (SZYM:NASDAQ) Friday’s performance could lend some credibility to other Bio Energy stocks and related IPO’s.

Washington Mutual (WAMUQ.PK) Still hold s the most active IHUB message board slot. WAMUQ is one to look at if you are into trading zombie stocks.

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COBI

COBI is showing very unusual trading sessions


Penny stock shares of Compass Biotechnologies, Inc. (Public, OTC:COBI) are on ride over the past three trading sessions

COBI started gaining momentum on Wednesday, when it climbed 67% on low volume. The next day, COBI stock further added 22.50%.

cobi compass biotectnologies COBIRecent activities were driven by on no news. Looks like, there would be either some news coming or some big promotional activities going on.

COBI filed its last press release on April 26, 2011, where it signed a memorandum of understanding with Arecor Ltd.

The company is engaged in development and commercialization of generic, biosimilar and bio-better therapeutic products. It has already completed preclinical testing and analysis of Cyplasin-SC™. Compass Biotechnologies holds two issued patents, while it has applied for three more, which are pending.

COBI had no revenue as of January 31, 2011.

Meanwhile, it had a net loss of $1,489,171.

COBI said that it expects to require $1,790,000 to pay its current liabilities, which are way short of current net assets. So, it would be very difficult for the company to overcome with this situation, unless and until it arranged some financing.

COBI has Deficit accumulated during the development stage of $3,317,763.

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LYJN

LYJN – Lyric Jeans Bubble Bursts


LYRIC JEANS INC (PINK:LYJN) has given almost half of its recent gains in the past two trading sessions.

LYJN had soared 320% on Tuesday after the company said that it would launch its jewelry collection under its Lyric Nation brand name in almost 1500 stores over the next two months.

Following the positive announcement, we had seen a massive volume of over 45.12 million shares on Tuesday. However, investors digested the recent news, the stock slumped 43% on Wednesday on profit booking. More than 24.56 million shares exchanged hands and on Thursday LYJN stock closed unchanged with volume of 10.68 million shares.

Historically, LYJN had seen such unseal moves in two months back when the company announced about their collaboration for its jewelry collection for girls of ages 13-17. LYJN had had soared then, but couldn’t sustain and corrected very soon.

It is very common with penny stocks that any positive news pushes these stocks sharply higher, but the important is that how long it lasts.

But one shouldn’t not forget that the company has not yet filed any financial information with the SEC, which questions about the transparency.

So watch out for LYJN, if the stock would find some support going forward or the bloodbath will continue.

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