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.

Check back for more penny stock news, IPO updates and stock market research.

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