From yesterday we over-nighted HAFC closed $2s and opened at $2.45

[Mon Jun 15_15:56:16 EDT 2009] InvestorsLive o/n-ing other half of HAFC

[Mon Jun 15_15:56:36 EDT 2009] InvestorsLive so far I’m o/n AVNR from 1.39

[Mon Jun 15_15:58:32 EDT 2009] InvestorsLive sold GIGM

CVRG hoping for one more good day, we are now up over 50% on the swing mentioned HERE and HERE and many times in chat … 40% alone today! I sold 1/2 my position from .064 currently holding 50k shares left. Looking to be on the sell side tomorrow if it test .10 out of open

STSI solid support around .70 see where its at in the morning. This tanked 82% after hours but was a ridiculous trader. I was flipping from .72-.74 to .78-.88 should be a great trade tomorrow

AIM has been awesome, great call by Laura in chat but I haven’t really traded it.. looking for continuation on the upside potential gap and test of $8 and then I’ll start monitoring for the short

CKSW nice break over $5 today keep an eye for green to hold and it may spike towards $5.50

WAVE if you missed it check out my post HERE. Absolutely NAILED it in chat at .40 congrats to everyone who played!

How We’ve Made a Bunch of Money on SpongeTech Delivery Systems, Inc. (SPNG.OB)
Here’s a member who joined over the weekend:
[Mon Jun 15_12:42:23 EDT 2009]  coll76 1st day on site what a day with DSCO and SPNG

BDSI watch for the $7 break again, this had quite the gap up but sold off through the day but had record volume in the past 3 months. Keep an for green to hold out of open.. volume to come in and $7 test/break for more highs.

DSCO killer alert in chat today just amazing all around day today. In at .98 cents hit 1.47.. enough said
Should be in play through the rest of the week if 1.25 holds

FUEL my swing from last week, in the money today pretty nicely I’m still going to give it a bit of breathing room, if it test .50s I’ll probably take 1/2 off I currently have 10k shares around a .379x average.

HAFC another big alert I overnighted this as well .. expected a gap through 2.15 range hopefully.. hit 2.10 after hours in 1.85 area

PFCO very bullish if 2.75 breaks and holds I may long it around 2.80 range in anticipating for the $3+ test

QEPC a very thin one.. I bought a little bit on bids just incase it decides to rip the next few days but the Yahoo earnings report is real weird..

CVRG got a ton of this one hoping StockChaser does it’s magic they’ve started to talk about this one again.. even .10 would be nice. Currently in 100k at .064 average

VNDA may start to run into some profit takers here similar to MAPP taking a dump the other day. Keep an eye if it doesn’t break back over $12 there may be a good chance to score a buck a share on the downside here

ABR if this holds green tomorrow this may be a nice continuation play towards $2.50+ with volume

ARNA played the $5 break and pop Friday which was pretty profitable even though a small move, if it breaks and holds tomorrow this may turn into a multi day mover

CRXX surprisingly didn’t hold a buck Friday I figured it would. Will watch for the rest of $.90 and may play the long in anticipation of a re-test of $1+

EPCT looking for a long if it holds green, or dips red and does red/green. Volume has been kicking up and may have some follow through

MYST from scan Thursday nice 30% + so far, love the former runners. See if it can test .14-.15 again tomorrow and look for the exit

CVRG was hoping to get some email pumps and did… finally I have an .06 ish avg in antcipation of reinitiating coverage on this POS. No I don’t believe in it, nor believe a word the company says but I do know that when they turn the promotional campaign back on its going to gap .10+ I bet .. I stuck all my HYGN profits in it from the time I road it .0255 to .035-.04s.

WSTL still long from Friday, closed HOD in .54-.55

WH if this holds $7 watch for a long for +.50-1.00 potential

SPPI another pharma gone wild, area of interest $6

My scan included a lot of OTCBB’s which I didn’t post. It appears as OTCBB’s are back in full force yet again over the weekend I put up 2 post.. one how to play them and 2.. a few ideas. I advise not to read into the news but just play the momentum, stick to the ones with volume, you’ll notice many many nice moves especially LBAS which we picked off at .75 cents. There are so many 100-500% movers CVRG, CAAD, SFIO, HYGN and many more don’t be afraid of them but just stick to the one’s with big $$ volume.

Is DoublingStocks.com Heading Back to the Same Pot?

Taking Advantage of the Plays at Hand – DON’T Drink the Kool Aid – Just Trade it! Nevada Gold Holdings, Inc. (NGHI.OB)

ADY let’s see if it test $30 – short bias on a fade

HIG – great call by “GS” in chat outta the open from $17. We’d been talking about it all night in chat regarding the short side on it and boy did that drop! I expect more nice swings during the day tomorrow

BXC keeping an eye on re-test of $2.50/green might get a nice 10-20% rebound

FIG same thing as BXC – keep an eye for the $4 test and then a reversal – if it doesn’t head down – green cross may do it

PKOH watch for $3 hold and possible reversal towards $3.50

CSUH been on scan a bit, after that .15 break still movin’

CORS if this holds .60 range I may watch this for a bounce towards $.75 and that’s probably the last bounce that its good for

First in foremost as you know our chat is based on momentum plays – 90% of the stocks we play are off the Nasdaq/AMEX/NYSE stock exchanges. Every now and then though.. the OTCBB market comes around and serious profits can be made – so I figured it’d be worth it to cover the who, what, where and why.

As I said there’s A LOT of OTCBB’s in play lately… for example SFIO from .05 to .55 sure no one really believed it and scalped out for a few pennies but Thursday many played the .18 alert by Muddy for a quick double – there’s NO looking back if you are playing these things and not taking profits that’s your own fault…

It’s best to sell into the strength and on the offer. Hitting bids doesn’t help you at all, chances are if you are hitting the bid it’s probably going to be too late take SFIO for example within 10 minutes the buys at .18 cents had already doubled in price – but no… if you’re greedy look where you get to sell 2 minutes later (.20 cents).

Another one, CVRG – what the!!! If you aren’t a seller Monday morning you’ve got to be crazy “expecting” more gains – I don’t care how much higher it goes 1000% in 5 days get outta here! Trading these intraday is fine – holding them over day after day expecting a buck is asking for a loss

It’s that time of the year again when OTCBB’s are really starting to heat up. Take LBAS for example the importance of knowing former runners/promotions that lasted more than a day and actually held a legitimate market…. on this scan I called it at .75

LBAS – OTCBBs are starting up again keep an eye on it.. I see it sneaking up at .75 with volume this time – this used to be a favorite

[Sun May 10 19:50:00 PDT 2009]    InvestorsLive LBAS used to be huge been watching that I have a feeling goes again

Now look… we BANKED

Obviously you NEED to play with caution as I suggested to everyone in chat it’s probably a good idea to LOCK some gains in, we are now up a buck per share – so I did just that at $1.75 and will let the rest test $2.00 next week (maybe?)

So now let’s take a look at OPCN which we mentioned the rumor/pump around .15 cents – was a great play even the late buyers in the .25-.30 rante still made nearly .15-.20 cents a share but you NEED to take profits along the way NO MATTER HOW STRONG IT IS!

OPCN which was clearly a HUGE pump and it was only a matter of time before it came down (Bestdamnpennystocks.com has a ridiculous following which made this stock soar) AND it will continue to work until of course they have a dud (much like Stockpreacher)

So now lets take a look at NGHI which we are currently playing

[Thu May 14_13:51:48 EDT 2009] Soldier4Christ NGHI nhod +52wk highs

[Fri May 15_08:34:31 EDT 2009] InvestorsLive NGHI keep an eye on today – Beacon sent out newsletter but they weren’t paid…
[Fri May 15_08:34:36 EDT 2009] InvestorsLive they bought 175,000 shares

First things first – READ INTO THE DISCLAIMERS!! Why on earth would Beacon Equity (aka Blue Wave Advisors) buy 175,000 shares with NO compensation if they didn’t think it’d go up? See the disclaimer HERE

[Fri May 15_09:29:40 EDT 2009] InvestorsLive NGHI big

[Fri May 15_10:16:11 EDT 2009] Muddy beacon pump hod NGHI
[Fri May 15_10:16:49 EDT 2009] InvestorsLive best damn penny stocks = Monday
[Fri May 15_10:16:51 EDT 2009] InvestorsLive is the rumor

Take a look at the chart

When the penny stock market heats up I sure as hell am going to play – heck as soon as I received the firt e-mail today and paired it up with the rumors I bought this morning (as soon as I could get a fill which happened to be first thing with ARCA route)

08:50:23      NGHI    B     0 .401    5000    ARCA

I also added 5k shares at .43 – no I don’t always play OTCBB but when they are hot you should take advantage of the quick returns BUT STAY SMART ABOUT IT

[Fri May 15_15:28:48 EDT 2009] InvestorsLive NGHI re-test HOD
[Fri May 15_15:28:57 EDT 2009] InvestorsLive holding this one over the weekend hoping for that gap if best damn goes out on it

So now let’s put a few things together and see how it pans out…. check this e-mail I received tonight and let’s plug all the pieces together (really it’s not rocket science)

Now check this out:

OK great, so $37 million dollar market cap… ok …. CHECK
Hint – Hot gold sector… ok… CHECK

What are you left with? Well what do you know – Yahoo says $37.15 million dollar market cap….

Nevada GOLD…

Oh and there’s MORE!

Check out the headlines – conveniently they have news on Friday at 6:05PM – wouldn’t be surprised to see more on Monday!

How to play it? Well I am holding shares as I stated in chat today with a .41 cent average anticipating a gap (open higher on Monday vs. closing price Friday)… Usually these stocks run well out of the gate for the first half hour before dipping, the dip will more than likely be supported before surging towards new highs through the remainder of the day…

I’d rather miss out on HUGE profit than to give back gains, that’s just my opinion so I will more than likely be a seller on the first move and potentially trade in and out of it during the day holding a core for 1-2 days since their last one was successful they’ll more than likely have some blind followers on this one.

This is the due diligence needed on following these sites because YES profits can be easily made you just need to be smart about it

That leads me to the next example: Stockpreacher

If you don’t play these stocks you’re just absolutely nuts – these are the quickest and easiest way’s to start your week off green giving you a padding within literally 17-23 seconds (that’s my average time I’ve held the stock). Sure they may/may not be dying out but there’s still momentum to be taken advantage of if you’re a trader. For the past 4 weeks I’ve sat anticipating their pick 5 to 10 minutes in advance continually refreshing the page until the pick comes out and then I buy .. why? Because I have an edge – I can react so fast from refresh to purchase that by the time I’ve filled I already have my sell order in. Their last 4-5 picks have all yielded 20-40% gains within SECONDs, literally SECONDS – Here’s an example in one of my accounts which is easily copy and pastable – and actually my second purchase since I filled some .60-.65 immediately.

My buy and sells in one account:

09:31:46    ALAN S    1    162    SBSH
09:31:46    ALAN S    1    100    SBSH
09:31:46    ALAN S    0.9999    600    SBSH
09:31:46    ALAN S    0.9999    600    SBSH
09:31:43    ALAN S    0.99995    1538    SBSH
09:31:20    ALAN B    0.7399    900    CDRG
09:31:20    ALAN B    0.74    2100    CDRG

The other’s aren’t current enough to copy and paste time and sales but

[Mon Apr 20_10:01:14 EDT 2009] InvestorsLive NTWK
[Mon Apr 20_10:01:17 EDT 2009] InvestorsLive is stockpreacher
[Mon Apr 20_10:02:04 EDT 2009] InvestorsLive long .4497
[Mon Apr 20_10:03:13 EDT 2009] InvestorsLive .59s up, in at .4497
[Mon Apr 20_10:03:15 EDT 2009] InvestorsLive love these peeps
[Mon Apr 20_10:04:52 EDT 2009] Reaper out NTWK 6k for $807! Thank you Stock Preacher! lol

[Mon May 04_09:59:52 EDT 2009] InvestorsLive stockpreacher – BOSC

My buy 10,000 at .75

[Mon May 04_10:00:40 EDT 2009] InvestorsLive 10:00:03    BOSC    B    0.75    10000    EDGX

Sure – being quick has it’s downside yes I did leave a $50k profit on the table with BOSC because I was took quick but I did make it to .93 and 1.20 on the shares purchased – the fact that it hit $5.80 literally 7 seconds after my sell is outrageous but… in the case like ALNS where I bought .25 and .27 and sold out .39 and .41 before it came tumbling down – it made perfect sense.

The point of this post is the plays are THERE to be taken advantage of – its NOT that hard! The edge you hold as a trader is you’re not “investing” in these companies and you’re not going to get stuck in the downside, if you do.. that’s your own fault. Take advantage of the momentum, get in get out and don’t look back.

Remember IDAE.OB ? Well that’s back too it’s old tricsk too only this time under a new symbol – SCLW check the chart below, it has now doubled off lows! This is why I radar all the former big time runners!