GLUU, GGRI, GLD, AA, SAVW
Glu Mobile (GLUU:NASDAQ) We wrote a piece on Zynga sympathy plays last week, and it wasn’t based on the GLUU takeover talk that you see elsewhere on the internet. GLUU could be in play for two simple reasons. The first is that GLUU is trading under $6, and momentum players will probably be looking for a way to play Zynga without participating in the IPO. Secondly, GLUU’s market cap is tiny in relation to the industry potential.
Greenwood Gold Resources (GGRI.OB) GGRI is simply another exploration stage gold mining company that was heavily in play. Shares have pulled back after a monster move last week. Add GGRI to your penny stock list regardless of you bias.
SPDR Gold Trust (GLD:NYSE) Just when everyone counted GLD out, the well known and widely traded ETF came back. The chart is starting to look good, but this could be a headfake or bull trap. Although, a break of 52 week highs would prove that theory wrong. It’s still best to stay neutral on GLD for now. Too much smart money on both sides of the trade.
Alcoa (AA:NYSE) This bellweather NYSE stock is slated to report earnings and no matter what the result is, the news will be strongly debated by the talking heads. Let Alcoa give you the read, don’t try to read Alcoa.
SavWatt USA (SAVW.OB) This green, sub penny play has really heated up on the IHUB message boards, where it is currently the most active. There is a gap to fill on the downside, but momentum could build if longs and penny stock scalpers load up after the weekend. Add SAVW to your sub penny stock list.
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