Hot Penny Stocks – INCT Update

Posted by Admin on August 25, 2010 under Penny Stock Alerts Blog | Be the First to Comment

Hello and good afternoon everybody. So today the play was INCT. INCT was volatile and fun to play, just like true hot penny stocks. There was a 29% difference between the low of the day and the high of the day, so the volatility we wanted was definitely there

INCT was GREAT for day trading, especially for beginners. It was up 12% in the first 45 minutes of trading, allowing my ninja-like in and out traders to book some quick profits of about 8%.

Then shortly after that, INCT dipped down briefly to 92 cents and quickly bounced back to $1.08, allowing a solid gain of about 17%.

Overall I’m pretty happy with INCT. I would have liked to see it make a much bigger gain for the day overall. It only closed up about 1%, which sucks. Nevertheless, it was a company priced over $1 that was easy to trade and offered the volatility and quick trading profits that a 10 cent company offers.

Hope you guys liked it, I sure did. Hope you caught some profits in the morning and around noon. There were two solid opportunities for good day trading profits, so hopefully you guys took advantage of them.

I know a lot of you on my list are pros that day trade everyday, but a lot of you are beginners who are just learning. INCT was the perfect play for you to learn about how it’s not just about where the trade CLOSES for the day, it’s also about how much money you can make DURING the day.

It closed up about 1%, but by “buying the dip” and purchasing shares when INCT dropped too far, you could have made 17 times as much profit!

Obviously the goal is to send out picks that CLOSE the day way up, and of course I acknowledge that INCT was only up a lousy 1%, but if you have the time to do a little trading, don’t ever overlook the profits that can be made during the day.

Keep your eyes on INCT, other newsletters may possibly cover them and if they do, we may see the price for INCT get higher and higher…and if there is heavy volume, you also may see more good day trading opportunities.

I’ll be back soon with some new picks. Have a good one,

PSA – Penny Psycho

www.pennystockalerts.com

Don’t invest based on what I say, do your own research and consult with a licensed professional before investing, only invest what you are prepared to lose.

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