Stocks in Play

CLX, CRWV, WAMUQ, DZZ

Clorox (CLX:NYSE) Ichan is back in CLX once again. This time he raised his bid from $10.2 billion to $10.7 billion. Keep in mind that CLX is exactly the type of name that risk averse investors like to stay with in uncertain markets. Plus, CLX is currently paying a dividend in excess of 3.5%, which is nothing to sneeze at considering today’s bond yields.

Crowne Ventures (CRWV.OB) There has been talk of a major short squeeze, multi billion dollar gold properties,and a strong promo behind CRWV. However, shares are currently down for the day. However, the dollar volume is very for a penny stock, and astute traders can use CRWV as a liquid trading vehicle.

Washington Mutual (WAMUQ.PK) When is WAMUQ going to just lay down and die ? Well that is yet to be seen, and penny stock scalpers continue to earn livings off of WAMUQ, despite the decreased summer volume. In a prior piece, we highlighted the 6.5 cent level as strong support. Currently it still looks wise to use that level.

Power Shares DB Gold Double (DZZ:NYSE) It seems like one day gold is overbought and the next day we see gold bugs staying aggressive. Remember that the 2x short DZZ is essentially used for super short term trading. Use another vehicle if you have a longer term short bias on the yellow precious metal. Despite DZZ’s longer term technicals being a mess for longs, the shorter term charts show support right below the $4 range.

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