| Back Issues Pages are sorted with the latest issue at the top. June 1-4, 2004 |
| Penny Stocks Daily Friday, June 4, 2004 Good Morning, This mornings jobs report was another spectacular example of the robust growth in the economy. A huge rally is underway in the stock market which is another sharp contrast to last month. Investors are finally taking good news for what it is and not focusing on interest rate hikes. The key will be whether or not we can sustain this rally for the entire day and end up with a 100 plus point rally in the Dow. Volume has continued to remain light and yesterdays action did not see the increase towards the end of the day that we were looking for. We still continue to see the change in sentiment being verified by volume, with light trading on down days. We need to confirm this with a heavier than usual day for a Friday. Volume was light on the OTC BB and prices remained very close to unchanged. We will most likely be left behind today as the major markets rally hopefully giving us the chance to buy the conditions that we had in place yesterday but were unable to achieve. We have several buys in place today and will continue the same sentiment. Our Current Positions Americana Publishing Inc. (APBH) www.americanabooks.com 52 Week High: $.255 52 Week Low: $.002 Closing Price: $.012 Our Current Average: $.016 % of Portfolio: 4.4% Portfolio % Range: 4%-6.4% Our Next Buy Point: $.011 Our Next Sell Point: $.03 proximity to next buy or sell |__|__|__|__|__|__|__| 1 2 3 4 5 6 7 8 close to next buy close to next sell We saw APBH rally a tiny bit yesterday on old news. This clearly demonstrates the oversold nature of this issue. We were unable to purchase shares at $.011 as we had hoped and we will continue to pursue the same price target today. ____________________________________________________ ATNG Inc. (ATNG) www.atnginfo.com 52 Week High: $.07 52 Week Low: $.0006 Closing Price: $.0074 Our Current Average: $.009 % of Portfolio: 6.3% Portfolio % Range: 5.8%-9.8% Our Next Buy Point: $.0072 Our Next Sell Point: $.015 proximity to next buy or sell |__|__|__|__|__|__|__| 1 2 3 4 5 6 7 8 close to next buy close to next sell We didn't get any ATNG yesterday either at $.0072 as we had hoped although we came very close. We will continue the same price condition today. ____________________________________________________ Nannaco Inc (NNCO) (253) 853-3632 52 Week High: $.048 52 Week Low: $.002 Closing Price: $.0022 Our Current Average: $.0039 % of Portfolio: 16.6% Portfolio % Range: 5.5%-26.8% Our Next Buy Point: $.0021 Our Next Sell Point: $.0075 proximity to next buy or sell |__|__|__|__|__|__|__| 1 2 3 4 5 6 7 8 close to next buy close to next sell NNCO came very close to our next buy that has several conditions on it. First of all we will only buy at $.0021 if the bid remains a strong as it has been at $.002. We have not seen a clear consensus below that point and we are initiating a stop loss at $.002 to protect ourselves from more dilution or insider selling. NNCO may have an upcoming reverse stock split. We are actively pursuing an exit strategy for this stock, although news of the finalization of their Red Alert Group acquisition could help bring this issue back to life. ____________________________________________________ Smartire Systems (SMTR) www.smartire.com 52 Week High: $.39 52 Week Low: $.08 Closing Price: $.10 Our Current Average: $.124 % of Portfolio: 6.4% Portfolio % Range: 5.2%-12.9% Our Next Buy Point: $.081 Our Next Sell Point: $.20 proximity to next buy or sell |__|__|__|__|__|__|__| 1 2 3 4 5 6 7 8 close to next buy close to next sell Light volume continues in SMTR and we will wait to see which way this issue moves once trading activity resumes, if it does. We will wait patiently. ____________________________________________________ World Golf League www.worldgolfleague.com 52 Week High: $.29 52 Week Low: $.0151 Closing Price: $.0185 Our Current Average: $.023 % of Portfolio: 12.5% Portfolio % Range: 5.6%-15% Our Next Buy Point: $.011 Our Next Sell Point: $.05 proximity to next buy or sell |__|__|__|__|__|__|__| 1 2 3 4 5 6 7 8 close to next buy close to next sell WGFL remains strong at $.02 and has not really threatened to break into the low $.01's. We will keep the same conditions on this stock for now. Recent Developments and New Initiatives We will continue to pursue the following issue's strongly today, but will only buy more if our price conditions are met: ATNG, APBH, and NNCO. We also have a new buy BICO which we have been attempting to purchase at $.115. BICO ran away a little bit on us yesterday, but remains cheap. We will buy today at $.12 if we get the chance. Daily Tip Try not to incorporate commissions when figuring your portfolio. This will allow you to be more open minded about trading. Think of trading cost's as an expense that must be taken out of earnings. Put away $100 or so a month for this and do not incorporate it into your account. Not selling or buying something because you couldn't get an extra penny to cover your commission is unacceptable. Think of it as a monthly bill that you are going to have to pay no matter what. Enjoy Your Trading Day, Penny Stocks Daily |
| Penny Stocks Daily Thursday, June 3, 2004 Good Morning, The U.S. stock market is clearly undergoing a change in sentiment. The last few weeks saw major indices rally slightly in the A.M. on low volume only to reverse course mid day on increasing volume and finish up negative. This occurred many times, even three days in a row at one point. The daily charts looked like umbrellas and volume, although increasing throughout the day, was light. Late last week and so far this week we have seen the complete opposite happen. Stocks exhibited the exact same volume coupled with upside down umbrella's, finishing the day positive. This mornings futures point lower and we see the potential for another reversal mid-day and this is what we will look for. Yes, we haven't seen a 100+ point rally in the Dow, but when taking a look at the VIX, the most watched market volatility index that typically moves in sharp contrast to stocks, it clearly confirms the sentiment change. In order to get a good rally, we will have to break above current resistance levels on most of the major indices. We are watching the S&P 500 to break above 1150 and if it does, we could be heading towards new territory. Volume on the NYSE and the NASDAQ has remained light while The OTC BB has seen average trading over the past few days. It was a negative day all around with decliners ripping apart advancers by a larger than normal margin and a large portion of stocks finished unchanged. This confirms our theory that true micro cap stocks trail the major market by a day or so. Further confirmation would show up today if we saw positive momentum combined with above average volume. Today may be the perfect day to exhibit heavy buying in these stocks, and we have several buys planned that should be executed as early as possible, although we never enter an order right at the open. Our Current Positions Americana Publishing Inc. (APBH) www.americanabooks.com 52 Week High: $.255 52 Week Low: $.002 Closing Price: $.0115 Our Current Average: $.016 % of Portfolio: 4% Portfolio % Range: 4%-6.4% Our Next Buy Point: $.011 Our Next Sell Point: $.03 proximity to next buy or sell |__|__|__|__|__|__|__| 1 2 3 4 5 6 7 8 close to next buy close to next sell APBH's financial's look great, so what could be the reason for the decline. Perhaps it is the fact that their statements include a one time extraordinary item. We feel that APBH is a bargain here and doubt that we will break below a penny. For this reason we will buy more today if we can use 7% of our portfolio to get shares at $.011. APBH has revenues per share that are higher than the current market price. This combined with positive earnings is a rarity among penny stocks, especially those that are literally trading at a penny. Perhaps a short covering rally will come soon followed by a slow increase towards the top of it's recent trading range. The SEC and NASD is finally addressing the supposed unauthorized listing's on the Berlin stock exchange. This will probably not bring any substantial results, although the amount of press releases hitting the wires concerning the OTC BB will be up, hopefully causing more interest in our venue. Hopefully we will see a story in the journal, or on financial T.V. ____________________________________________________ ATNG Inc. (ATNG) www.atnginfo.com 52 Week High: $.07 52 Week Low: $.0006 Closing Price: $.0072 Our Current Average: $.009 % of Portfolio: 6% Portfolio % Range: 5.8%-9.8% Our Next Buy Point: $.0072 Our Next Sell Point: $.015 proximity to next buy or sell |__|__|__|__|__|__|__| 1 2 3 4 5 6 7 8 close to next buy close to next sell We plan to buy more ATNG with about 6% of our overall portfolio early this morning as close to the market open as possible. Dr. Robert Simpson is almost certainly working hard to finalize the many acquisitions it has planned, and will hopefully update us as soon as possible. We think that $.007 may be the next support level a support has been moving up every time this stock pulls back. ____________________________________________________ Nannaco Inc (NNCO) (253) 853-3632 52 Week High: $.048 52 Week Low: $.002 Closing Price: $.0022 Our Current Average: $.0039 % of Portfolio: 16.6% Portfolio % Range: 5.5%-26.8% Our Next Buy Point: $.001 Our Next Sell Point: $.0075 proximity to next buy or sell |__|__|__|__|__|__|__| 1 2 3 4 5 6 7 8 close to next buy close to next sell We have kind of an aggressive maneuver planned for NNCO. We will buy more with 7% of our portfolio at $.0021 if we can get it. The bid at $.002 needs to look strong, however, with no consensus forming below that price on the bid. At the exact same moment we will initiate a virtual stop loss at $.002 where will fire our sell order if and only if there are only two market makers remaining at the $.002 bid, more if you have a relatively large position. If we are able to get any shares, which is up in the air because this stock has bounced off of the low $.002's for a while now, we will reassess our profit target. Keep an eye our for news regarding the finalization of heir Red Alert Group deal. ____________________________________________________ Smartire Systems (SMTR) www.smartire.com 52 Week High: $.39 52 Week Low: $.08 Closing Price: $.108 Our Current Average: $.124 % of Portfolio: 6.6% Portfolio % Range: 5.2%-12.9% Our Next Buy Point: $.081 Our Next Sell Point: $.20 proximity to next buy or sell |__|__|__|__|__|__|__| 1 2 3 4 5 6 7 8 close to next buy close to next sell SMTR has shown extremely light trading volume over the past few weeks. Fortunately this stock has a small float, and light trading moves the price rather dramatically. We saw the bid break down a little bit and we may see a retest of the recent low at $.08. For this reason we will purchase more with 6% of our portfolio at $.081 if we get the chance. ____________________________________________________ World Golf League www.worldgolfleague.com 52 Week High: $.29 52 Week Low: $.0151 Closing Price: $.0185 Our Current Average: $.023 % of Portfolio: 12.5% Portfolio % Range: 5.6%-15% Our Next Buy Point: $.011 Our Next Sell Point: $.05 proximity to next buy or sell |__|__|__|__|__|__|__| 1 2 3 4 5 6 7 8 close to next buy close to next sell WGFL is in the process of testing lows, and positive results from their pilot reality television show could result in a rally. We will hold on to this position for a while and plan to buy more if we ever break down to a penny. Our profit target remains the same, although it may begin to move lower as we digest any news that comes out. Recent Developments and New Initiatives Just to review all of the buy conditions that have a very high likelihood of being met early this morning, ATNG, APBH, and NNCO are very close and in that order. Our other two issues may break down as well and we currently have plenty of cash available, although we would prefer not to use it all. We are also actively pursuing a new issue, Bio-One Corp (BICO). Our buy condition was and will remain at $.115 which may or may not be met today. We feel there is a good chance of a "falling three" pattern that would end today with a low, followed by a steady move upward. We will be using 7% of our portfolio for this purchase. Daily Tip When researching penny stocks it is very important to have an open mind. All of the ratios and rules that you may be used to are simply thrown out the window. We have tons of criteria for our screening process, although it is important to look at all of the numbers in relationship to the company itself. For example, if your minimum number of shares outstanding for these issues is 50 million, you will miss tons of good companies that have shares outstanding of between 50 million and 100 million shares. Take each case separately and look at all of the numbers before arbitrarily throwing out a stock just because it doesn't fit into a nice little package. The fact is that these companies are unique and every issue has it's good and bad point's. The trick is to find ones that exhibit the most potential. Many traders prefer not to look at companies with no earnings, but in this world, earnings are very scarce, and we must keep that in mind. Enjoy Your Trading Day, Penny Stocks Daily |
| Penny Stocks Daily Wednesday, June 2, 2004 Good Morning, The markets reversed course yesterday towards the end of the session as volume picked up and ended up positive. Volume was understandably low yesterday and all of the elements of a positive day and week to come are in place. Oil has pulled back from it's high this morning as fears of a terrorist attack have been subdued. The fact is that there is a difference of opinion concerning high oil prices and their effect on the U.S. and global economy. High demand is the only cause for high oil prices that could be considered valid. With a booming economy, investors fear that increased petroleum cost's could cause companies to slow growth, thereby lowering demand for, and causing oil prices to come back down. However, if companies continue to grow at their current rate, we would see unprecedented GDP growth, and continued strength in oil would cause inflation. With a political premium factored in, oil is cheaper than it appears. The fact is that what we are witnessing is healthy growth, and interest rate hikes will do little, if nothing to slow the economy. The Dow Transports have been solid and have not come back nearly as much as the industrials and have in fact been positive on many days that the market was down. This is very positive in our view considering investors willingness to look past short term mood swings and realize that as soon as oil comes back down these companies have no where to go but up. Trading activity on the OTC BB was steady yesterday, with volume ending up just below average. With everyone waiting for and expecting a rally in blue chips, we should see volume stay at or below average, as traders abandon penny stocks, in favor of following the trend. This should allow us to pick up plenty of shares at bargain prices just before they catch up to the overall market. With a large proportion of cash available in our portfolio, we feel comfortably positioned to begin some aggressive buying. It will be interesting to see what the SEC can do with the supposed unauthorized listings on the Berlin stock exchange. SMTR is the latest to issue a press release regarding naked short sellers and their ability to manipulate the market through this German stock exchange. Market manipulation is a fact of life and nothing these company's do will stop it. We were happy to see one of our companies NNCO embrace the recent new listing, even though they appear to be the ones most affected. Our Current Positions Americana Publishing Inc. (APBH) www.americanabooks.com 52 Week High: $.255 52 Week Low: $.002 Closing Price: $.0135 Our Current Average: $.016 % of Portfolio: 4.8% Portfolio % Range: 4.7%-6.4% Our Next Buy Point: $.009 Our Next Sell Point: $.03 proximity to next buy or sell |__|__|__|__|__|__|__| 1 2 3 4 5 6 7 8 close to next buy close to next sell APBH continues to report positive results and we are very interested in buying more and may raise our buy level over the next few days. It is important to let price dictate our portfolio percentage, rather than increase our holding simply because we are emotionally attached. One cannot deny this companies drive and willingness to succeed. ____________________________________________________ ATNG Inc. (ATNG) www.atnginfo.com 52 Week High: $.07 52 Week Low: $.0006 Closing Price: $.0076 Our Current Average: $.009 % of Portfolio: 6% Portfolio % Range: 5.8%-9.8% Our Next Buy Point: $.0071 Our Next Sell Point: $.015 proximity to next buy or sell |__|__|__|__|__|__|__| 1 2 3 4 5 6 7 8 close to next buy close to next sell We plan on buying more ATNG today at $.0071 if we get the opportunity. We would like to take more advantage of the next rally than we did the last time. This stock has enormous potential and liquidity issues are under control. Today should be the time to buy as we have been drifting towards the lower end of the recent trading range for the past few days. What is making us so bullish is the higher lows that we have seen for the past six months or so. ____________________________________________________ Nannaco Inc (NNCO) (253) 853-3632 52 Week High: $.048 52 Week Low: $.002 Closing Price: $.0027 Our Current Average: $.0039 % of Portfolio: 19.3% Portfolio % Range: 5.5%-26.8% Our Next Buy Point: $.002 Our Next Sell Point: $.0075 proximity to next buy or sell |__|__|__|__|__|__|__| 1 2 3 4 5 6 7 8 close to next buy close to next sell We will continue to keep a close eye on NNCO as we await the finalization of their acquisition Red Alert Group. Yesterdays news of Jerry Lee Lewis hiring them for security services was interesting, although very non substantial, especially considering that NNCOrecieves nothing until they finalize the merger. We have raised our stop loss level to $.002, but will purchase more right around there if the bid looks good enough. We probably wont do anything today and would like to see which way this stock breaks out before making any decisions. ____________________________________________________ Smartire Systems (SMTR) www.smartire.com 52 Week High: $.39 52 Week Low: $.08 Closing Price: $.104 Our Current Average: $.124 % of Portfolio: 6.3% Portfolio % Range: 5.2%-12.9% Our Next Buy Point: $.075 Our Next Sell Point: $.20 proximity to next buy or sell |__|__|__|__|__|__|__| 1 2 3 4 5 6 7 8 close to next buy close to next sell We are happy with SMTR's ability to maintain a strong base at a dime. We will hold on for a while, until we get some kind of news regarding this company's ability to remain a favorite among Micro Stock traders. ____________________________________________________ World Golf League www.worldgolfleague.com 52 Week High: $.29 52 Week Low: $.0151 Closing Price: $.018 Our Current Average: $.023 % of Portfolio: 11.9% Portfolio % Range: 5.6%-15% Our Next Buy Point: $.01 Our Next Sell Point: $.05 proximity to next buy or sell |__|__|__|__|__|__|__| 1 2 3 4 5 6 7 8 close to next buy close to next sell We should be hearing something from this company soon and we feel comfortable with our current average and position. Although golf is not as popular as it was in the late ninety's, we should see an influx of professional wannabes willing to join this semi-pro venue. We would like to see some kind of results form their aggressive marketing campaign and at least some enthusiasm from the CEO and others. Recent Developments and New Initiatives We have a new buy planned for today as long as we can get the price we want. BICO has successfully pulled back from it's highs over the last month showing strong support at a dime. This company appears to be the leader, with respect to other penny stocks, in the preventative bio-pharmaceutical industry. We like their enormous cash position and although they have failed to obtain significant non-bridge, or non convertible financing, their liquidity and capital resources remain strong. We do not see the potential for excessive dilution at this point and this company has an excellent history of filling complete reports with the SEC in a timely manner. We will only buy today if we can get shares for $.115 or better and we will use approximately 7% of our total portfolio. We may not see this price today, but we are positioning for a two to three day pullback possibly ending later this week with a little pop. We also plan on purchasing more ATNG as well as any other issues that meet our price conditions. Daily Tip Be sure to take a look at a companies complete filling with the SEC to determine the seriousness of the company and their potential for becoming a big boy. Press releases and abridged versions of quarterly reports are useless for your research. Go strait to the source, www.sec.gov for all of your research. There is no other place that information becomes available and this is the first place to start, followed by a visit or phone call to the company. Company websites are important to, but not for financial information or press releases. Use them simply to see how seriously the company takes itself. Enjoy Your Trading Day, Penny Stocks Daily |
| Penny Stocks Daily Tuesday, June 1, 2004 Good Morning, We were hoping for a continued rally this week in all of the major indices as last weeks positive momentum met this weeks returning volume. It appears that we may have to wait for a little more consolidation. Oil prices again are the culprit. This weekends terrorists attack in Saudi Arabia has driven oil prices back up close to $41 a barrel. There is an estimated 8 dollar premium thanks to unrest in major oil producing countries. OPEC meets again this Thursday and we will be watching to see if Oil makes any new highs to help us forecast the next market move. If we do not make any new ground in oil prices, we may begin to see that premium start to slip away. Investors are beginning to wake up to the concept that interest rate hikes will be positive for the market, possibly paralleling the bull market that began in 1994. If we see Oil staying under control for the next few days, then the rally should come swiftly as volume picks up slowly throughout the week. The OTC BB was quiet Friday, but volume did not tail off as drastically as it did in the major markets. We have not seen a truly negative day in over the counter world for quite some time now, and volume has been steadily increasing. Our portfolio is flush with cash at the moment but we must not be tempted to buy a bunch of new issues just for that reason. We will slowly ease into a few issues if price conditions are met, and we are very happy about having plenty of money available to add to our current positions if need be. The best time to buy penny stocks seems to be just as blue chips approach the end of a short term rally. There's only so much money to go around, and when the Dow is rallying, Micro Caps are often left behind. The good news is that investors will come back once they take profits from the broad market. Our Current Positions Americana Publishing Inc. (APBH) www.americanabooks.com 52 Week High: $.255 52 Week Low: $.002 Closing Price: $.0125 Our Current Average: $.016 % of Portfolio: 4.4% Portfolio % Range: 4.1%-6.4% Our Next Buy Point: $.009 Our Next Sell Point: $.03 proximity to next buy or sell |__|__|__|__|__|__|__| 1 2 3 4 5 6 7 8 close to next buy close to next sell APBH broke down on Friday but rebounded from it's low bid nicely late in the day. The significance of a possible unauthorized listing on the Berlin Stock Exchange is anyones guess. Several issues that have reported the same thing over the past couple of weeks have rallied modestly. We are prepared to buy more of this issue with both hands if we break below a penny. ____________________________________________________ ATNG Inc. (ATNG) www.atnginfo.com 52 Week High: $.07 52 Week Low: $.0006 Closing Price: $.0089 Our Current Average: $.009 % of Portfolio: 6.6% Portfolio % Range: 5.8%-9.8% Our Next Buy Point: $.0071 Our Next Sell Point: $.015 proximity to next buy or sell |__|__|__|__|__|__|__| 1 2 3 4 5 6 7 8 close to next buy close to next sell ATNG continues to exhibit great strength and we hope to see a flurry of press releases over the next few weeks concerning several acquisitions and news of profits. We would love to beef up this position as well if we get a good pullback into our buy range. ____________________________________________________ Nannaco Inc (NNCO) (253) 853-3632 52 Week High: $.048 52 Week Low: $.002 Closing Price: $.003 Our Current Average: $.0039 % of Portfolio: 20.5% Portfolio % Range: 5.5%-26.8% Our Next Buy Point: $.001 Our Next Sell Point: $.0075 proximity to next buy or sell |__|__|__|__|__|__|__| 1 2 3 4 5 6 7 8 close to next buy close to next sell NNCO continues positive momentum ever since it found it's low early last week. This stock has not broken below $.002 which tend to be a danger zone. We need to watch closely for news as there could be very positive news regarding the finalization of the Red Alert Group acquisition, or very negative news about the same thing. There is a lot of potential in the homeland security business with tremendous upside potential in stocks that are positioned correctly, we just have to wait for Red Alert Group to show up on investors radar screens, which may not occur until this asset acquisition becomes a done deal. Just as a reminder we never chase stocks below $.001. ____________________________________________________ Smartire Systems (SMTR) www.smartire.com 52 Week High: $.39 52 Week Low: $.08 Closing Price: $.102 Our Current Average: $.124 % of Portfolio: 6.2% Portfolio % Range: 5.2%-12.9% Our Next Buy Point: $.075 Our Next Sell Point: $.20 proximity to next buy or sell |__|__|__|__|__|__|__| 1 2 3 4 5 6 7 8 close to next buy close to next sell SMTR is bouncing around in a tight trading range, and until we can break through on one side or the other, we will have to sit tight. We are watching for some more news of increased investment banking relationships as well as new contracts and expanding markets. ____________________________________________________ World Golf League www.worldgolfleague.com 52 Week High: $.29 52 Week Low: $.0151 Closing Price: $.019 Our Current Average: $.023 % of Portfolio: 13.0% Portfolio % Range: 5.6%-15% Our Next Buy Point: $.01 Our Next Sell Point: $.05 proximity to next buy or sell |__|__|__|__|__|__|__| 1 2 3 4 5 6 7 8 close to next buy close to next sell WGFL has found a new trading range around $.02 and we will need to some some results from their aggressive marketing campaign this summer to get this position moving up. There was a small amount of insider selling that may be to blame for the heavy ask activity recently, but it appears to be an isolated incident. Recent Developments and New Initiatives As we mentioned before our portfolio has plenty of cash to work with and there is no reason not to play with it. We will most likely enter some new positions this week, unfortunately none of our price targets have been met, although several are close. We are trying to set up trades with oils dramatic move in mind. We are also looking into homeland security opportunities and will keep an eye on this Friday's employment report to try and play off of that. Volume on the OTC BB will be the key factor when we determine the exact right time to buy. Daily Tip When trying to judge the exact buy point when a stock approaches a condition that has been set, it is important to pay close attention. Many traders may have the same condition and it could be difficult to get the price you want. When you have a buy point that is right at support levels, you may need to wait for the level II support to break down before entering your order. Sitting with a limit order in right at support will only get you a bad price once that support breaks down. The best thing to do is to formulate a good average of the past short term price moves once resistance or support is violated, while keeping in mind the typical spreads involved. This will allow you to get an even lower price than you were originally looking for. |