Monday, August 25, 2008
Stocks To Watch On Tuesday - CCMJ, XXIS, MMAM
CCMJ surged to new highs on Monday amidst a flurry of buying. This stock, once a forgotten triple zero stock, has amassed an impressive investor following. The buzz continues to grow with each new high. This is a stock to watch for the foreseeable future.
XXIS, on the other hand, is a stock that has faced selling pressure before, which brought the stock down to .0001. Buying today knocked the ask up to .0002, the question will be if the .0002 will remain. The key making money in any sub-penny stock is to figure out when the selling will stop. Market makers who have been populating the ask might move higher when buying pressure hits the stock. This might indicate that a market maker is out of shares. Who ever is selling shares of XXIS just might be out of them. Only time will tell.
MMAM came to life today and forged an impressive rally on huge volume. This shell stock is gaining some attention and with continued volume could see .01 in its future. Keep your eyes on this stock the next few days.
XXIS, on the other hand, is a stock that has faced selling pressure before, which brought the stock down to .0001. Buying today knocked the ask up to .0002, the question will be if the .0002 will remain. The key making money in any sub-penny stock is to figure out when the selling will stop. Market makers who have been populating the ask might move higher when buying pressure hits the stock. This might indicate that a market maker is out of shares. Who ever is selling shares of XXIS just might be out of them. Only time will tell.
MMAM came to life today and forged an impressive rally on huge volume. This shell stock is gaining some attention and with continued volume could see .01 in its future. Keep your eyes on this stock the next few days.
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