| Back Issues Pages are sorted with the latest issue at the top. June 28-July 2, 2004 |
| Penny Stocks Daily Friday, July 2, 2004 Good Morning, Thank goodness something happened on the DOW and NASDAQ yesterday. Unfortunately, if you're long the markets like we are, this 100+ point decline does not support your case very well. With oil back on the hot seat, negative earnings warnings from tech land with downgrades, a mixed employment picture with job gains being much less than expected, but the unemployment rate staying the same, and a long holiday weekend ahead, stocks were due for a pull back. We may likely see the stock market rally today as the market begins to expect no fear of inflation and no imminent rate hike. The severity of this pullback remains to be seen, however we did notice some semblance of support towards the end of the session. Yesterday's price action almost matched the high and low end of the S&P's entire trading range last month. The key will be whether or not we can stay above 1120, and any unusual employment data views may trigger another sell off, possibly reaching 1100. We see 1000 as ultimate support for a continuing bull market as a breach would invalidate any similarities to the 1987-1991 period of sideways action after a sharp decline. The average number of stocks under $.50 on the OTC BB that trade an average of more than 1000 times a day has decreased recently from several, to one, namely TFCT. This will be gone shortly as well, doing less than 250 trades yesterday. With blue Chips seeing strong support come crashing down yesterday and possibly into the weekend, we could see volume pick back up on the OTC BB next week and beyond. We have seen a heavier than normal pattern for these stocks on Fridays, but will be hard pressed to do more than 2 billion shares. We have heard a theory that because Bulletin Board issues have peaked in volume recently, just like in 2000, that the markets must be headed down. Their theory suggests that investors flock to the lowest quality companies in hopes of higher returns as a last resort, just as the markets begin to turn bearish. Unfortunately they have failed to notice several factors, including the number of Market Makers per stock, the amount of transactions per day, and the total number of securities remaining on the OTC BB. These numbers point to a market that is increasing in liquidity and consolidating into quality while achieving lower valuations. We suggest that the pink sheets and strait over the counter markets, which have not seen the technological advances that are flooding our market would be the lowest quality companies. We have not seen any volume serge in these issues, and in fact have seen money shifting into higher quality Bulletin Board stocks. I guess it depends on what your view is, but if it is a limited one, it stands a lesser chance of being right. ____________________________________________________________ The Portfolio Atng Inc. ATNG Quick Snapshot Quick Links Closing Price: $.0062 www.atnginfo.com 52 week high: $.031 SEC fillings and insider transactions 52 week low: $.0006 Chart Avg. Dollar Volume: $119,000 ($117,000 yesterday) Level II Avg. No. of Trades: 113 (50 yesterday) News Portfolio Overview Average Price: $.0067 Portfolio %: 18.2% Portfolio % Range: 5.8-27.5% Next Buy: $.0059 Next Sell: $.011 Quick Glance PSD Rating: 2 (1= close to next buy, 10=close to next sell) ATNG has pulled back considerably, while still maintaining volume that beats it's moving average. This gives us the opportunity to beef up the position ahead of more good news regarding earnings and possible acquisition of another one of their strategic partners. This will most likely be the First U.S. Automotive group that sells cars to a niche market With other promising partnerships like a preloaded insurance group and another nutraceutical company, we stand a very good chance of seeing some sort of exceptionally good news soon. ____________________________________________________________ Bio One Corp BICO Quick Snapshot Quick Links Closing Price: $.090 www.bioonecorp.com 52 week high: $.585 SEC fillings and insider transactions 52 week low: $.0600 Level II Avg. Dollar Volume: $190,000 ($197,000 yesterday) Charts Avg. No. of Trades: 81 (133 yesterday) News Portfolio Overview Average Price: $.11 Portfolio %: 12% Portfolio % Range: 5.5-13.6% Next Buy: $.06 Next Sell: $.18 Quick Glance PSD Rating: 3 (1= close to next buy, 10=close to next sell) BICO may allow us to buy more at or near the 52 week low of $.06, today, allowing us to improve our average. We were happy to see a letter to share holders this week, although it has not managed to stop the bleeding. We would like to see more acquisitions, but if we do not get any soon, we will probably set up some kind of a stop loss. BICO's market cap is a tiny $5.36 million, not leaving much room for continued declines. ____________________________________________________________ MobilePro Corp MOBL Quick Snapshot Quick Links Closing Price: $.167 www.mobileprocorp.com 52 week high: $.295 SEC fillings and insider transactions 52 week low: $.0038 Charts Avg. Dollar Volume: $625,000 ($379,000 yesterday) Level II Avg. No. of Trades: 250 (123 yesterday) News Portfolio Overview Average Price: $.17 Portfolio %: 6.9% Portfolio % Range: 6.8-7.8% Next Buy: $.141 Next Sell: $.25 Quick Glance PSD Rating: 4 (1= close to next buy, 10=close to next sell) MOBL's momentum may be slowing slightly, but the support that it displays has been remarkable. This stock has not come near to threatening the key dime level, and remains above it's 5, 20, and 100 day moving averages. We will continue to hold as this company continues to gain customers through acquisitions, and see what they can come up with as far as numbers. ____________________________________________________________ One Voice Technologies Inc. ONEV Quick Snapshot Quick Links Closing Price: $.142 www.onev.com 52 week high: $.220 SEC fillings and insider transactions 52 week low: $.0100 Charts Avg. Dollar Volume: $1,460,000 ($896,000 yesterday) Level II Avg. No. of Trades: 656 (361 yesterday) News Portfolio Overview Average Price: $.127 Portfolio %: 14.3% Portfolio % Range: 6-15.7% Next Buy: $.09 Next Sell: $.22 Quick Glance PSD Rating: 6 (1= close to next buy, 10=close to next sell) ONEV jumped on news of patents in China for their voice recognition products. This is excessively positive and we saw the stock react a little bit more than it has during recent press releases. This stock is set up for a rally, assuming we here some kind of confirmation about more interest here in the U.S. ONEV's 20 day average volatility is near 20%, most of which has been on the upside. ____________________________________________________________ Transportation Logistics International Inc. TRPL Quick Snapshot Quick Links Closing Price: $.185 1-845-424-4100 52 week high: $.330 SEC fillings and insider transactions 52 week low: $.001 Charts Avg. Dollar Volume: $421,000 ($16,000 yesterday) Level II Avg. No. of Trades: 143 (16 yesterday) News Portfolio Overview Average Price: $.175 Portfolio %: 7.4% Portfolio % Range: 7-7.4% Next Buy: $.126 Next Sell: $.29 Quick Glance PSD Rating: 3 (1= close to next buy, 10=close to next sell) We were happy to see the volume drop out from this position yesterday. We bought at $.175 mid day as the ask came down briefly. With volume being 95% below it's moving average on Thursday, and only doing 16 trades, we think there is a good chance that everyone who wants out, is already there. This position has a tiny float, so any news of their next medical devices acquisition will send this issue soaring fast. It is rare to see a stock go higher on lesser volume during continued rallies, which we saw earlier this year. It is also rare to see a company in this market that has more employees than shareholders. ____________________________________________________________ New Initiatives and Recent Developments Yesterday, we bought TRPL for the first time. We have plenty of cash currently available to add to any positions that meet our buy points. We will continue to keep a relatively large portion of the portfolio in cash until we see what kind of direction this market id heading. We will have to see some key support or resistance levels broken. Daily Tip With ATNG just missing our target profit of $.011 during this most recent rally, one may wonder why we are still around below our average price. The volatility of Penny Stocks like these is tremendous. The primary reason for this is the lack of coverage by the S&P and others, which may be attributable to their own omissions, but nevertheless sends the wrong message to traders that these stocks are only worth a half day. If we sell every time a position jumps by an exact percentage, and attempt to buy back a few days later, the portfolio will eventually suffer. There is no magic number for profit taking, so we try and get as close as possible, while resisting the temptation to over trade which will erode profits over time. Additionally, setting stop losses at or just above your average price every time the stock goes above it and does not reach your profit target will certainly lead to being stopped out of almost every single trade. Our targets are set by volatility and volume, are conservatively optimistic and do not get triggered all the time. This allows us to stay with positions longer and bring our average price down while increasing our overall exposure. The key ingredient to this formula is consistently improving fundamentals. This strategy is engineered to allow for a few setbacks, but not any fundamental disasters. Any news that points to this will be cleverly disguised, allowing you a fair amount of time to get out. With the addition of stop losses once good news and acquisitions seem to be leveling off, we further enhance the safety level. And finally, any big loss will be instantly absorbed by the diversified portfolio and actually result in fractional losses. Enjoy Your Trading Day, Penny Stocks Daily Penny Stocks Daily does not receive any compensation whatsoever from the companies we follow. We do not trade the stocks in our sample portfolio and any references to buying or selling securities is mythical. We do not accept payment for the links we provide on this Newsletter. We believe in the United States of America and stand by our First Amendment Privilege to provide an unbiased Investment Newsletter to a mass audience. We do not, and will not provide individually tailored investment advice. We are not responsible for any errors, material or otherwise within our Newsletter. We do not engage in pump and dump schemes and will not tolerate such activity. You are responsible for your own investment decisions and we strongly encourage you to do your own research. "Penny Stocks Daily" and "Quick Glance PSD Rating" are Trademarks of Penny Stocks Daily. |
| Penny Stocks Daily Thursday, July 1, 2004 Good Morning, With the focus on interest rates finally subsiding, the markets can focus on other things. Stocks rallied late day as the FED's fears of inflation seemed to be more neutral than expected. The bond markets already have a 2%+ Fed funds rate already factored in. This means that for any extreme shift in assets from stocks to bonds will require either a dramatic change in policy, or a minimum six months for Greenspan to get the funds rate above a 2-3%. For now, it appears that we are in the most ideal situation with GDP growth hovering just below 4%, and stock market indices near three year highs. Geo political events have almost all but exited the minds of investors, who are focused on earnings ad inflation. Money managers agree that any risk premium for a terrorist attack has dwindled to a more normal one, reminiscent of the premium that should be in place for any unforeseen event. The Saddam trials, which will likely be televised, will hopefully bring some kind of closure for the U.S., and pave the way for a quicker than expected exit. Futures look mixed this morning and it has been quite some time since we have seen any significant pull back. It's been even longer since we've seen a mammoth rally as well, and the closer we get to our highs at this slow pace with remarkable earnings coming again, we could see valuations come down allowing the market to bust through the current ceiling. We will continue to keep an eye on oil. Advancers barely edged out decliner on the OTC BB as volume was right at its 50 day moving average. This is with no issues doing more than 250 million shares. We are starting to see money being spread around unlisted stocks in a more diverse fashion. This means that as long as the major indices do not get caught up in a more extreme rally, we should see an imminent shift back into the most promising companies. This will set up gigantic rallies in our market and it's important to stay focused and not get involved with any issues that are skyrocketing on huge volume. These situations are a short traders dream, allowing them the opportunity to make 60-80% on their money, even more on margin. We prefer to try and get in before volume spikes, and sell right along with the shorts. ____________________________________________________________ The Portfolio Atng Inc. ATNG Quick Snapshot Quick Links Closing Price: $.0067 www.atnginfo.com 52 week high: $.031 SEC fillings and insider transactions 52 week low: $.0006 Chart Avg. Dollar Volume: $119,000 ($98,000 yesterday) Level II Avg. No. of Trades: 114 (51 yesterday) News Portfolio Overview Average Price: $.0067 Portfolio %: 20% Portfolio % Range: 5.8-27.5% Next Buy: $.0059 Next Sell: $.011 Quick Glance PSD Rating: 4 (1= close to next buy, 10=close to next sell) ATNG is going through it's typical volume decrease and price decline we have seen for the past year after good news comes out. Yesterdays announcement of a decision to pick an ad agency that is close by is positive, although we would like to see a quicker resolution to the finalization of Blue Kiwi's website. This will likely bring some decent profit margins to the product, which will be the key to success. ____________________________________________________________ Bio One Corp BICO Quick Snapshot Quick Links Closing Price: $.097 www.bioonecorp.com 52 week high: $.585 SEC fillings and insider transactions 52 week low: $.0280 Level II Avg. Dollar Volume: $189,000 ($410,000 yesterday) Charts Avg. No. of Trades: 80 (145 yesterday) News Portfolio Overview Average Price: $.11 Portfolio %: 13.1% Portfolio % Range: 5.5-13.6% Next Buy: $.05 Next Sell: $.18 Quick Glance PSD Rating: 3 (1= close to next buy, 10=close to next sell) BICO continues to show support at $.09, close to our recent buy. We will continue to wait for news. ____________________________________________________________ MobilePro Corp MOBL Quick Snapshot Quick Links Closing Price: $.18 www.mobileprocorp.com 52 week high: $.540 SEC fillings and insider transactions 52 week low: $.0040 Charts Avg. Dollar Volume: $611,000 ($528,000 yesterday) Level II Avg. No. of Trades: 248 (170 yesterday) News Portfolio Overview Average Price: $.17 Portfolio %: 7.4% Portfolio % Range: 6.8-7.8% Next Buy: $.125 Next Sell: $.25 Quick Glance PSD Rating: 5 (1= close to next buy, 10=close to next sell) With another acquisition under their belt and another one on it's way, we see this issue continuing to trend upward. This slow advance is a solid indicator of institutional activity. We will be ready to take quarter profits at a quarter. ____________________________________________________________ One Voice Technologies Inc. ONEV Quick Snapshot Quick Links Closing Price: $.129 www.onev.com 52 week high: $.220 SEC fillings and insider transactions 52 week low: $.0100 Charts Avg. Dollar Volume: $1,554,000 ($145,000 yesterday) Level II Avg. No. of Trades: 695 (105 yesterday) News Portfolio Overview Average Price: $.127 Portfolio %: 13% Portfolio % Range: 6-13.8% Next Buy: $.09 Next Sell: $.22 Quick Glance PSD Rating: 4 (1= close to next buy, 10=close to next sell) ONEV should be coming out with a press release soon regarding their collaborative efforts with Microsoft. Their voice recognition technology is the best that has ever been seen and MSFT would be foolish not to get involved. They have a history of coming late to the table which should allow other companies time to show interest, thereby raising the perceived value of ONEV. ____________________________________________________________ New Initiatives and Recent Developments We have a brand new issue to purchase today, TRPL. This company recently acquired a medical devices company that has potentially lucrative product. An HIV test that costs around five bucks a pop for retail use that has a 99.4% accuracy rate. They plan to market it in Africa, Korea and other countries that are dramatically affected by the disease. Price has come down significantly from the high, and they plan on announcing another acquisition within the next couple of weeks. This stock has a tiny float and trades with extreme volatility. We ma see an additional decline today so we will wait till mid day to buy. We will pretty much be happy with anything under $.20, but would expect to get something closer to $.15. We will discus their balance sheet tomorrow which is lacking, but with a market cap of over 7 million, we can overlook a few things. Daily Tip Be sure to incorporate volatility of a stocks recent price action when trying to figure out where to put a next buy point. We recommend putting it at least two times the volatility average below the current price. In other words, if the stock typically moves 15% in a day, we would look for a 30% retrenchment in price before reacting. Enjoy Your Trading Day, Penny Stocks Daily Penny Stocks Daily does not receive any compensation whatsoever from the companies we follow. We do not trade the stocks in our sample portfolio and any references to buying or selling securities is mythical. We do not accept payment for the links we provide on this Newsletter. We believe in the United States of America and stand by our First Amendment Privilege to provide an unbiased Investment Newsletter to a mass audience. We do not, and will not provide individually tailored investment advice. We are not responsible for any errors, material or otherwise within our Newsletter. We do not engage in pump and dump schemes and will not tolerate such activity. You are responsible for your own investment decisions and we strongly encourage you to do your own research. "Penny Stocks Daily" and "Quick Glance PSD Rating" are Trademarks of Penny Stocks Daily. |
| Penny Stocks Daily Monday, June 28, 2004 Good Morning, Oil prices stand a good chance of falling this week as exports from Iraq's improving production and Norway's recent end to a week long strike should again flood the market. With the number two and three biggest oil producing countries in the world back on line, we should see inventories expand, which already happen to be at historically high levels. The last time oil supplies have been this high, the price was well below $20 a barrel. Heavy demand from the summer travel season and growth from the world economy will keep prices from falling to fast, so a gradual decline should be in order. This will more than fill the holes in the pockets of consumers made by rising interest rates. As the world has waited for the FED to raise by a quarter basis point on Wednesday, we have seen interest rates rise through all reaches of the economy. We have even seen mortgage rates begin to pull back again. All of this looks good for a repeat of historical data that shows the stock market rising the first year after such rate hikes with heavy volatility. With the eyes on Iraq and overseas violence slowly blinking because of an expected smooth and measured transition of power, we still have a good chance of a summer rally above this years highs, that is until we begin to approach election day in November. Volume was reasonably heavy last week for the first time in over a month on the major exchanges. Volume on the OTC BB was light in comparison to last month and early this month when activity was at all time high levels. This corresponds exactly to the slow trading and sideways price action of Blue Chips during this time period. As money flow picked up in Microsoft and other NASDAQ standouts this week, it flowed out of penny stocks. In fact, dollar volume was up last month year over year as well as the number of Market Makers per security (up by 40 %), and the total number of transactions (up by 51%) on the OTC BB, but has since fallen back last week. All this happened while the number of securities in this market have fallen by 10%. Al of this increased quality and higher liquidity brings stiffer competition our way, and we are likely to see a continuation of a noticeable shift back and forth between listed and unlisted stocks. ____________________________________________________________ The Portfolio Atng Inc. ATNG Quick Snapshot Quick Links Closing Price: $.0075 www.atnginfo.com 52 week high: $.031 SEC fillings and insider transactions 52 week low: $.0006 Charts No. of Trades: 51 Level II Avg. No. of Trades: 113 News Portfolio Overview Average Price: $.0067 Portfolio %: 21.4% Portfolio % Range: 5.8-27.5% Next Buy: $.0059 Next Sell: $.011 Quick Glance PSD Rating: 4 (1= close to next buy, 10=close to next sell) ATNG has pulled back from it's recent high of $.0099 and found great support in the $.007's. We currently have as much as we want in the portfolio, unless conditions change dramatically, otherwise we would buy more here. We will hold on to ATNG for a while and are looking to begin taking profits above a penny. We will start with taking a quarter of the position off the table, and another quarter for each $.0025 above that. We would like to have a higher target, but feel the rapidly increasing number of shares outstanding over the last two years will make it difficult. We love the fact that all but one of their objectives that have been laid out on their website for some time have been met, and even exceeded in some cases. The final objective is shareholder value which may come as long as dilution ceases. One thing to look for this week is a press release regarding the completion of revisions to Blue Kiwi's website facilitating on-line ordering of their nutracuetical products. It probably won't do to much except reinforce that things are moving along smoothly in the minds of those that are waiting for the finalization of this Blue Kiwi acquisition and more numbers behind those profits. ____________________________________________________________ Bio One Corp BICO Quick Snapshot Quick Links Closing Price: $.1050 www.bioonecorp.com 52 week high: $.585 SEC fillings and insider transactions 52 week low: $.0280 Charts No. of Trades: 52 Level II Avg. No. of Trades: 73 News Portfolio Overview Average Price: $.13 Portfolio %: 5.7% Portfolio % Range: 5.5-7.4% Next Buy: $.099 Next Sell: $.20 Quick Glance PSD Rating: 2 (1= close to next buy, 10=close to next sell) Volume has picked every time we approach a dime in this issue showing support from Market Makers as well as retail traders. This stock has now given up all of its gains from February, when they began their aggressive growth strategy, and sits unchanged on the year. Since then they have acquired majority interests in several more Chinese companies as well as a Florida Distributer. This is keeping in line with their strategy of producing, distributing and marketing their nutracuetical products and become a leader in the industry. They seem to have the most financing among all of their OTC BB competitors, as well as the lowest dilution, with only 60 million shares outstanding, less than 10% of their authorized shares. We will look to add to this position very soon, and are looking for it to break below a dime for a brief instance on heavy volume, and will likely end the day higher, whatever day it happens. If we don't go below a dime, and head north, we will wait for a pullback to get more, provided our profit target is not met. ____________________________________________________________ One Voice Technologies Inc. ONEV Quick Snapshot Quick Links Closing Price: $.1430 www.onev.com 52 week high: $.220 SEC fillings and insider transactions 52 week low: $.0100 Charts No. of Trades: 243 Level II Avg. No. of Trades: 699 News Portfolio Overview Average Price: $.127 Portfolio %: 13.6% Portfolio % Range: 6-12.7% Next Buy: $.09 Next Sell: $.22 Quick Glance PSD Rating: 6 (1= close to next buy, 10=close to next sell) Friday's late afternoon action points to a possible continuation this morning of higher prices and heavy volume. We may have saw a bit of a short covering rally as price has failed to break below $.12 time and time again. This position has not slipped to far below our average after we purposely bought twice at $.125 and $.129 in order to bring our percentage up speed. We will begin to take quarter profits at the 52 week high and may even add more on dips. There quite a bit of shares outstanding, but an end is in sight with authorized shares capped out at 250 million. The steady gains and big volume spikes in this issue points to possible institutional activity. We will continue to look for results from their rendezvous with Microsoft. ____________________________________________________________ Smartire Systems SMTR Quick Snapshot Quick Links Closing Price: $.0840 www.smartire.com 52 week high: $.300 SEC fillings and insider transactions 52 week low: $.0800 Charts No. of Trades: 47 Level II Avg. No. of Trades: 45 News Portfolio Overview Average Price: $.099 Portfolio %: 11% Portfolio % Range: 5.2-14.4% Next Buy: n/a Next Sell: $.08 (stop loss) Quick Glance PSD Rating: 8 (1= close to next buy, 10=close to next sell) We have not given up on SMTR quite yet, but are keeping a very close eye one it. Float has remained small, institutional interest has barely budged and they have recently announced a contract worth about as much as their entire market cap. We think there is a good chance of not penetrating the 52 week low so we have initiated a stop loss that will trigger when there is less than two Market Makers left at $.08 or below. Technically speaking this may be the third time be have tested waters below a dime and came back up for air. If we get back above a dime before we meet our stop loss, we will move it up to that level. The low trading volume experienced recently may work to our advantage here, allowing us to keep these tight conditions intact until some more contracts become apparent. If we cannot gain any momentum within the next few weeks, we will begin a more aggressive exit strategy. ____________________________________________________________ New Initiatives and Recent Developments We will dump half of our rather large position in QQQ, which we bought as a high-risk bank account for our cash while we waited for Penny Stocks to squeeze out some recent valuation concerns, first thing this morning. We feel that there is a good likely hood that the NASDAQ will continue to lag the Dow, and will probably end up trading sideways all week anyway. As for the other half, we will place a stop loss at $37. We bought at $36.60, and were looking for a few more percent, but will always take a profit over a loss. With all of this cash coming available in our portfolio, we intend to buy several new issues this week. First of all we are close to our next buy in BICO and a possible next buy in ATNG. We are still waiting for APBH to get to $.0075 but would like to get one issue out of the way. We have been pursuing MOBL and have been waiting patiently for a new buy point after we took a tidy profit at $.165. We wanted to get back in at a substantial discount to justify the quick turn around, but feel that we may have been to hasty in selling and will get back in today, provided we don't pay more that $.165. We will give it a couple of hours, but feel that with their rapid acquisitions and steady climb, heavy non-dilutive financing and institutional interest may again be at play in an emerging leader. We will be using 7% of our portfolio to start with, and may even average up. Daily Tip Market capitalization can be a good tool when trying to determine the value of a penny stock. Compare it against all numbers, and realize that it is not ridiculous to see sales, profits and even cash approach this number. Looking for turnaround stories, you may see this a lot, look for all three of these numbers or others to match the market cap. Also look for expenses, or debt that matches MC for a view of the other side. Finally, be sure to incorporate the stocks actual and future volatility. Give yourself a likely range of Market Cap that may match the current fluctuations in price. Enjoy Your Trading Day, Penny Stocks Daily Penny Stocks Daily does not receive any compensation whatsoever from the companies we follow. We do not trade the stocks in our sample portfolio and any references to buying or selling securities is mythical. We do not accept payment for the links we provide on this Newsletter. We believe in the United States of America and stand by our First Amendment Privilege to provide an unbiased Investment Newsletter to a mass audience. We do not, and will not provide individually tailored investment advice. We are not responsible for any errors, material or otherwise within our Newsletter. We do not engage in pump and dump schemes and will not tolerate such activity. You are responsible for your own investment decisions and we strongly encourage you to do your own research. "Penny Stocks Daily" and "Quick Glance PSD Rating" are Trademarks of Penny Stocks Daily. |