DOGO, C, SAVW, Z, TLT
Digagogo Ventures (DOGO:OB) Shares of this social networking penny stock rallied sharply last week on strong volume, and rumors of a massive promo exist. Check out our piece on DOGO for more info and add the name to your penny stock list.
Citigroup (C:NYSE) Shares of C have been flirting with breaking the $40 handle after rallying nicely off of recent lows. The company should be newsworthy and featured frequently on cable news because of their new credit card offer that contains several perks. However, the U.S. debt crisis could negate any good news in C.
SavWatt (SAVW.OB) SAVW is a familiar name on our stocks to watch list. It’s frequently played by penny stock scalpers from the long side, but looks incredibly weak, despite SAVW issuing a nice PR last week. SAVW will be opening a new office and manufacturing operation on July, 28th. So add it to your penny stock list, just in case bottom fishers show some interest.
Zillow (Z:NYSE) Shares of this smoking hot IPO are closer to the lows than the highs. Despite massive interest on the first day of trading. Remember this when trading Zillow, legitimate shorts will be able to obtain borrows in the near future, so the sidelines might be the best place to be. Unless you are a scalper of course.
IShares Barclays 20Yr Treasury ETF (TLT:NYSE) This bond related ETF is a favorite of prop traders and hedge funds alike, especially when their is economic uncertainty. Shares are fairly liquid and offer opportunities for both short and longs. Just make sure you understand the trade before you act. TLT could potentially have a wide range on Monday. Many novice longs seem to get sucked in due to the fact that TLT is essentially trading below par.
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