Hot Penny Stocks Sunday Night

Posted by Admin on August 23, 2010 under Penny Stock Alerts Blog | Be the First to Comment

Well well well…hope everyone took my advice and used caution on our slippery little friend SMVI.  I told you those sub pennies can be volatile and not too friendly if they go against us…and unfortunately SMVI did.
SMVI was NOT one of our hottest hot penny stocks.
On the bright side, it wasn’t THAT bad for a sub penny, it only closed down about 9.8%…but obviously still disappointing.

If our sub penny winners make us hundreds or thousands of percent, and our losers only cost us 10%…there really isn’t much to complain about.  Still, I hate sending out losers so if you lost money…sorry about that, I’ll try to make it up for you.

I know “sorry about that” doesn’t help, but at least I address the issue.  Other newsletters send out 3-4 bad picks in a row that go down by 30% or more and never even mention it to their readers.  At least I admit it, apologize, and move on.

The truth is the market may have had something to do with it.  I hate to blame the market, but take a look at this:

http://moneycentral.msn.com/investor/charts/chartdl.aspx?Symbol=%24INDU&CP=0&PT=1
SMVI traded in EXACTLY the same way the DOW did today and followed the market perfectly.  Gapped up high in the morning and fell right down, hit a low around noon, and then started moving upwards again.
I think SMVI may have gotten caught up in the trading pattern of the overall market.  Oh well, cut our losses and move on.  I still think they’re a good company with a smart business plan, so keep your eye on them just in case.
There is a company I’ve been watching for a week that is really interesting.  My research of SMVI actually led me to this company that I think is even better than SMVI.  I sent SMVI out first since it was a sub penny and I was getting SO many requests for a new sub penny play.  This new one though, is something extremely special.
Their chart is a thing of beauty and it’s over a dollar so it’s perfect for a lot of you guys out there.  I’ve been waiting for a down day so we could get a good entry price, but this thing just keeps on moving up.  Finally today they were down just slightly.  I’d like to wait for a better entry point, but with how hot this one is, waiting could end up being a bad move.
So get ready everyone, Sunday you’ll have a nice new alert.
Have a good weekend,
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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