BRZL after today's ugly, almost 50% drop, traders should be looking for a bounce at some point tomorrow. The question is when and how much. I have two scenarios, one could be that the stock drops to $.0045 or so right out of the gate tomorrow and rallies from there. The second has the stock opening even or down one tick and then rallying to $.006 - $.0065 before closing even. These are just my thoughts as countless scenarios exist for tomorrows trading session. One thing is for sure: it will be a volatile session and a profitable one if you can play it right.
MMTE for the second straight day MMTE broke out and hit new recent highs. After hitting $.0045 in the early afternoon the stock traded in the $.0042 - $.0043 range until the last few minutes when the stock sold down to a $.0038 close. All in all a very strong day for the stock. Tomorrow should provide more opportunity for traders and investors alike. A push above today's highs would bring $.005 quickly into focus.
GACFQ and SHOEQ two Q stocks that did not crumble today. GACFQ was up well over 1,000% at one point. The fact that both of these stocks were up while many other Q's crashed tells me something. I will be watching both tomorrow to see if they can extend their rallies.
SNEY the stock fell almost the entire session. I think now is the time to start picking a spot for a rebound. If SNEY drops below $.012 then the obvious figure would be $.01. One method would be to buy half at $.012 and half at $.01. Let's see what unfolds tomorrow.
TLAN great volume again for this stock. It closed up a few ticks and looks to be moving higher as investors digest Monday mornings 154 page annual filing. Yes a 154 page filing for a $.003 stock. It could be the transparency is scaring away investors. With most Pinks you have very little transparency and very little to read. For the most part penny stock traders don't want to know what the are getting into because they assume there is a pile of convertible debt ready to be unleashed on shareholders. One thing is certain: TLAN has zero convertible debt. You can look in the latest annual report. Unfortunately they did not issue a Cliff Notes version. Those that read the annual report will find a company that posted its first annual profit in its history, while reducing liabilities and increasing revenues. The best part is I think this just the start as the company continues to grow in 2011 and beyond.
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