AIG, VOC, BRZL, NWD, UTOG, GM, SLV, EPD
Here is our group of stocks to watch for Friday. They range from large caps to penny stocks. Remember to add these names to your list of stocks.
AIG (AIG:NYSE) Everyone knows that a huge secondary is coming, so aggressive buyers seem apprehensive to step in, even though AIG has been hammered. However, the rumor floating aroung that I-bankers want to do the deal at $25 sounds far fetched to many.
VOC Energy Trust (VOC:NYSE) The IPO had an early day pop, but closed even. Probably had something to do with the widespread commodity sell off, but VOC drastically unperformed it’s recent competitors as far as first day trading goes.
Brazos International Exploration (BRZL.PK) BRZL was the most active IHUB stock message board once again and closed up almost 28%. Do we see follow through or pre weekend profit taking from penny stock scalpers on Friday ?
New Dragon Asia (NWD:AMEX) Top percentage gainer on the AMEX for Thursday. The dollar volume was light, but could easily show up on some penny stock traders scans.
Uniontown Energy (UTOG.OB) This penny stock had chatter surrounding it last week that it could make an LEXG like run. It did the opposite, but has based. Look for a potential preview on the name from us in the next few days.
General Motors (GM:NYSE) Talk of a secondary offering will not help GM’s short term share price. Shorts could get aggressive on this on if this this chatter becomes even remotely concrete. The autos also look weak as a group overall.
IShares Silver Trust (SLV:NYSE) Hate to keep mentioning this silver ETF over and over again, but in fairness to us we had the inverse 2x short name on this list last week. Is the selling overdone ? Should the margin requirement news had such an impact on the metal ? Friday will be interesting, and if you play, play small. Regardless, if you are long or short silver. On another note SLV’s decline certainly took some steam out of silver mining penny stocks. More importantly, SLV is a textbook lesson of taking profits off the table on the way up.
Enterprise Product Partners (EPD:NYSE) MLP’s have been under pressure because of potential legislation on their tax structure on the hill. Even EPD, which is one of the most solid names in the group has made a decent sized pullback. Has defended the 40 range twice. I’d let it settle, unless you are solely a yield buyer.
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