MOST ACTIVE BULLETIN BOARD STOCKS – EVCA, QOIL

 

EVCA, QOIL, UNDT, GERS, GNTA


Here is ia list of the most active bulletin board stocks on Friday for your weekend review. The names, symbols, etc. are listed below:

Evcarco (EVCA) is a familiar name on this list recently. However, shares are still in a decline after a recent promotion. EVCA is currently down 14.29% at 0.0006 on volume of a little under 44 million shares.

Quest Oil (QOIL) is also another frequent guest of this list. Today, QOIL is dead even at 0.0001 with volume slightly under 26 million shares so far.

Universal Detection (UNDT) is frequently a penny stock name that pops up with low priced traders when a potential terror threat looms. But today, it seems like sub penny stock traders are merely working the spread, despite shares being up 50%. UNDT is currently trading at 0.0003 on volume over 21 million shares.

Greenshift (GERS) is another name that seems to be traded by pure spec players and scalpers. Although the volume is heavy at right under 19 million shares, shares are even for the day at 0.0001.

Genta (GNTA) is a penny stock that jumps on and off the most active bulletin board stock list. So far today, shares are down 6.67% at 0.0014 on volume of slightly more than 13 million shares.

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STOCKS IN PLAY – CLWR, TQNT

 

CLWR, TQNT, LVS, JPM, DG


Clearwire (CLWR:NASDAQ) CLWR is just a stock that needs to be mentioned. Not because of it’s performance, but because of it’s cultish following from longs. Recently, CLWR once again staged a rally that gave a sign to some that the trouble was over, and they were out of the woods. However, shares of CLWR were rejected today after they broke the $2 handle and the volume is waning to the point where shares look tired. If we pullback next week, the $1.60 level could be in play. Keep in mind that there might be a slew of stop orders at $1.50

Triquint Semiconductor (TQNT:NASDAQ) TQNT is viewed by some speculative traders as a way to participate in Apple Computer (AAPL:NASDAQ) for a smaller cash outlay. However, this time TQNT investors were blindsided with weak guidance despite AAPL stabilizing. The recent drop might represent a buying opportunity to some. There is an upside gap to fill at $6.81 and there are waves of support right above the $5 handle.

Las Vegas Sands (LVS:NYSE) LVS is just a name that even the bravest, most experienced traders often avoid. Both from the long, and when it’s available for borrow, the short side. But today is a little different. LVS posted great numbers and investor sentiment is improving, especially if we see a few more good days in the broader averages. LVS is starting to look a little overbought on a short term basis, but you simply have to throw rhyme or reason out the window regarding this name. In other words the 52 week high of $55.47 could be in play soon.

JP Morgan (JPM:NYSE) To the casual eye JPM looks dead today. However, the volume is very light and today’s relatively break even day so far could be viewed by some as a pause for refresh. Especially after the gap up we saw earlier in the week. As always, keep JPM on you list of stocks, but the low hanging fruit for longs might already be gone.

Dollar General (DG:NYSE) We highlighted DG yesterday as a candidate to be sold by some institutions who are looking to rotate into beaten up brand name stocks. Today DG continued it’s shallow decline, and the technicals are starting to look like they about to roll over. The $38 dollar level is starting to look like the line in the sand for enthusiastic longs.

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TOP PENNY STOCK GAINERS

 

AFSE, UGDM, CSBF, MGON, TEMN


Below are a few names that we picked out that happen to be some of the top penny stock gainers in the market today.

All Fuels and Energy (AFSE:OB) Is one of the top penny stock gainers today. Shares of AFSE are up over 154%, but the trading is strange. The only relevant AFSE news today was a Proxy Statement and there has only been one trade in the stock so far today, which was a 500k share block.

Universal Gold Mining (UGDM:OB) UGDM is another penny stock that has posted a monster percentage gain today on light dollar volume. Even though physical gold is ripping today, it probably has nothing to do with UGDM‘s move. UGDM is currently up 150% at 0.015 on volume of 90,923.

Consolidated Biofuels (CSBF.PK) CSBF is a pink sheets penny stock that is up over 1000% today on 45,800 shares so far. Keep in mind that only 4 trades have been made in the stock as we approach the close.

Megola (MGON:OB) MGON is up less then the three stocks listed above, but the volume is more substantial. Shares are currently up 67.74% on volume of more than 7.8 million shares. Check out our individual piece on MGON for more color in the name.

Team Nation (TEMN:OB) TEMN is up 33% and is the 2nd most active bulletin board stock today. However, there is no news and it appears that sub penny stock scalpers are just trading the spread.

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MGON

 

MGON Shows Strong Volume


mgon MGONMegola Inc. (MGON:OB) has something going for it that many other penny stocks don’t. Frequently low priced stock have catalysts that the common investor simply can’t grasp in order to buy the stock. Biotech penny stocks are a common example of this problem. Especially, when the PR’s try to explain products like cancer vaccines.

Well MGON claims to help solve a problem that many Americans are concerned with. The problem is the safety of products shipped to the United States. MGON has product line named HARTINDO that is supposed to be as safe non corrosive fire inhibitor.

On 10/26/11, Megola signed a Memorandum of Understanding with High Point Enterprises of China for licensing of MGON‘s Fire Inhibitor Coating. As always, you have to be skeptical of PR’s involving penny stocks and foreign companies. However, MGON has rallied sharply today, and shares are currently up 93.55% at 0.006 cents on strong volume.

MGON could also turn into a go to trading vehicle for speculative traders every time there is a new flash on defective or dangerous products from China being sold in U.S. stores. With it’s sub penny status offering the potential for large percentage gains.

MGON Stock Stays Risky


Fundamentally speaking MGON generates 366k in revenues, but only shows 1k in total cash with 87k in debt. The company also isn’t profitable.

On a technical basis, MGON has made large percentage moves like today’s as recently as a few weeks ago. So be careful not to get whipsawed in today’s action. MGON‘s chart is difficult to read because the moves have been so choppy. There is some resistance at 0.8 cents and a little more at 0.0085. As far a support goes, 0.0045 seems to be a level where some decent buying occurred, and if all else fails, today’s open of 0.004 cents could be used as a guide too.

For now just add Megola Inc. to your penny stock list. Keep in mind that while this is super risky name, the story of MGON could catch on with consumers and receive independent press coverage.

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STOCKS TO WATCH – MOS, JPM

 

MOS, JPM, GS, DG


Mosiac (MOS:NYSE) This Ag stock might be starting to come back into vogue with hedge funds and prop traders. The overhang from the Cargill sale seems to be over and MOS trades at a significantly lower multiple than it’s peer Potash (POT:NYSE). Shares just broke through a double top on the daily charts, but there is a ton of resistance in the $71-$72 area. Look for MOS to be on a few different swing trade lists.

JP Morgan (JPM:NYSE) The market can’t sustain a rally without the banks moving higher. It’s as simple as that. JPM has and for the near future, will always be one of the top reads for the direction of financials. If you happen to like JPM, don’t be afraid to pair trade the name versus XLF, which is the underlying ETF, to reduce risk. A break of $38.57 on strong volume could solidify a reversal for JPM.

Goldman Sachs (GS:NYSE) It boggles my mind that nobody ever wants to put on a long position in GS after it gets beat up. However, these same skeptics will chase the shares as they go higher until the cows come home. My rationale on the past Goldman fear is pretty simple. Either you believe in their balance sheet or you don’t. Aggressive longs should keep in mind that there is some resistance in the $118 area. A positive close with volume over 12 million shares could really help the cause though.

Dollar General (DG:NYSE) I am only mentioning this retail name because it’s done so well in poor market condition, but isn’t participating today. Maybe DG is overbought ? Or maybe today’s weak performance is just a pause for refresh. Either way, DG could be a candidate to be sold in a rotation that could lead funds into big name stocks that are at perceived discounts.

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