Friday Stocks to Watch

HMC, HENC, RPC, POT, GKNT, GM, BAC, MCP, PSPW


We are back with some names to add to your list of stocks. These companies range from large caps to penny stocks, and hopefully this piece gives you an edge for Friday’s session. The stocks are listed below:

Honda Motor (HMC:NYSE) Shares of HMC have seemed to find a bottom, and are at the highs of the week, but HMC’s chart is lacking strong support at lower prices.

Holloman Energy Corporation (HENC:OB) Shares were up over 161 %, but the dollar volume wasn’t especially significant. Add to your penny stock list in case of follow through on Friday morning by momentum players.

Radient Pharmaceuticals (RPC:AMEX) We have mentioned this one here before, and still follow it. Because a while back we issued an alert on this AMEX penny stock that produced a home run some time ago. However, RPC just defaulted on a loan and the stock was crushed. Please remember that this stock often moves when you least expect it. So keep RPC on your watchlist in case of some repair type PR out of the company.

Potash (POT:NYSE) Can’t get my arms around this one. Shares of this day traders dream were down again today despite the reversal and weak dollar. Is everyone almost washed out for the short term ? Or does POT test the $50 psyche number ?

Geeknet (GKNT:NASDAQ) Shares were up almost 5% today and are the fastest trending stock on Yahoo Market Pulse at the time of this piece. Could do well if we rally tomorrow. GNKT has some insider buying in the open market too. Small size, but still a vote of confidence.

General Motors (GM:NYSE) The U.S. Treasury indicated today that GM could have a stock offering in August or September. So it’s still a little too early for shorts to jump on for the dilution.

Bank of America (BAC:NYSE) Once again, BAC is the most active stock on the NYSE and closed down despite the reversal in the Dow. Usually not a good sign

Cascadia Investments (CDIV.PK) This pink sheet penny stock once had a cult following. Has also done well on a percentage basis since April. But where has all the volume gone ?

Molycorp (MCP:NYSE) The flagship rare earth stock had a nice day and is the type of stock that moves in market reversals. Help from the other commodity stocks wouldn’t hurt either. Remember though, this one isn’t for the feint of heart.

3Power Energy Group (PSPW:OB) Doubled today and is the most active stock message board on IHUB. Should be interesting on Friday, especially when you think of some other recent penny stock runs.

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Hot Biotech Stocks like (AMEX:RPC) Primed to Rise

Radient Pharmaceuticals Corporation (AMEX:RPC)


rpc penny stock Hot Biotech Stocks like (AMEX:RPC) Primed to RiseWe hope that everyone is enjoying their summer.  We have not come out with a profile in a while because the markets have been turbulent.  We have been seeing them bounce back lately and the Dow is back over 10,500.  This is a crucial point.  There is a lot of indication that big money is coming back into the markets investors are gaining confidence.

We have seen some small cap stocks have a substantial amount of money invested into them over the past few weeks.  This is good news after we saw a huge drop off in the amount of money being invested in the small cap arena.   Most penny stocks were either stagnant or drifting lower on little volume.

We have located an AMEX company that we feel is worth putting on our radar.  RPC is a company that has had a lot of press so far this year.  They company produces and markets cancer testing products.  Back in early April RPC ran from .23 to 2.19 virtually over night.  Millionaires were literally made in a day.

We have seen a drop off in price since then.  It has found a home trading near the 1.00 level.  When a company like RPC makes an 800% plus run like it did, we usually see two events happen that cause the share price to drift lower. (1) People take profits.  If you just made that type of gain on your money you would be crazy not to take some of the winnings off of the table. (2) Shorts will come into the stock because they know that people will be taking profits and it will cause the price to decline.  They take advantage of the declining price and even help it to go lower with the additional selling pressure that is applied when a stock is shorted.

radient pharma stock chart Hot Biotech Stocks like (AMEX:RPC) Primed to Rise


This is why I love RPC.  The stock was mostly accumulated at much higher levels.  There was a period of 3 days back in April in which well over $100 million dollars worth of stock was bought.  This is a huge amount of money for a small cap company like RPC.

Any type of news from the company could allow for a huge gap up.  If you look at the chart you will see that most of the accumulation was done well above these levels.  The break even price for investors is much higher than the current levels.

Make sure that you do your own research on RPC and consult a professional to see if it is a suitable investment for you.  It has been known to be volatile in the past but at the same time it has been a huge home run for speculative investors.

We will keep you updated on RPC and periodically inform you of its progress.  You can start your research at http://finance.yahoo.com/q?s=RPC and check out the company’s new website at http://www.radient-pharma.com/.

 

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