Week 13 Watchlist for Pennies.
Penny Stocks can be very volatile and will easily burn you if you are buying based off of a newsletter. Most pennies are pump-and-dumps, in terms of price action. Many legit companies, but their share price is played with by Market Makers and Boiler Rooms.
The scan on these is looking at the 200MA, with a crossover (or near crossover) in price action to the upside.
$AKER is the first from the list to show price action, if you entered in at open, you got a quick 12% gain by 0935. If you were lucky enough to get in pre-market, a 20% gain.
Right after hitting .98 at 0935, steady profit taking occurred, with a re-entry opportunity of .87 at 0955.
$EGDFF is the second from the Watchlist to pop today, currently up 18% from open.
