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16 May

Penny Stock Watch For Wednesday May 16, 2012

by

Zalicus Inc. (NASDAQ:ZLCS), Transatlantic Petroleum (AMEX:TAT) and USA Technologies (NASDAQ:USAT) all have the potential to produce a double from these levels. While I don’t pretend to think that’s possible in my normal swing trade time frame, they could be excellent account builders for those looking to trade them over a longer time frame. As always, tight stops losses should be applied if the trade goes in the other direction.

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Zalicus Inc. (NASDAQ:ZLCS) is a biopharmaceutical company, discovers and develops drug candidates focusing on the treatment of pain and inflammation. ZLCS has a market cap of $98 million which is right in my wheelhouse, Beta of $2.29, short interest of 5 days to cover and a 52 week range of $.82 to $2.90.

Transatlantic Petroleum (AMEX:TAT) is an international oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties. TAT has a market cap of $352 million, Beta of 1.81, short interest of 7 days to cover and a 52 week range of $.57 to $2.28.

USA Technologies (NASDAQ:USAT) supplies cashless, remote management, reporting, and energy management solutions for the unattended point of sale market primarily in the United States. USAT has a market cap of $38 million, Beta of 2.97 suggesting volatility I like, short interest of 3 days to cover and a 52 week range of $.93 and $2.62.

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17 Comments

  1. stu

    Stock Swing Champ is retweeting your picks like they are his own

    Reply
    • Jason Bond

      Ya looks like he’s a subscriber affiliate so that’s a good thing since all links are redirecting back to my site. Thanks for letting me know Stu.

      Reply
  2. frank kolnacki

    Hey Jason, Got in on USAT on the bullish engulfing confirmed support. Entry at a 1.21 today. I have better returns when there’s multiple factors going on at once on a set-up. That’s why I liked your final pick better than the first two, due to lack of a double confirmation on those set-ups. Hope all is well.

    Reply
    • Jason Bond

      Cheers Frank and good luck.

      Reply
  3. DannyTran

    Hi jb, I just join ur swing trade a week ago, even though I haven’t play any of ur alert yet but I been watching all ur alert very closely including account builder alert and I gotta say u are very good. So far I’m very glad I join ur team, it’s worth every penny.
    Thank you

    Reply
    • Jason Bond

      Thanks Danny, appreciate you saying so.

      Reply
  4. Carl

    I’m considering your service, but have some questions. When is your next meet and greet, or can I email or phone you?

    Reply
    • MartinWeiss

      Not sure if appropriate for you to talk to a customer (30 days), but I’d be happy to have Jason give you my email address and I can answer questions from a customer’s point of view (all very positive). Jason isn’t a magician though. Will require dedication on your part (completely doable)!

      Reply
  5. Donny

    the WatchList and Portfolio tabs were removed…is this correct?

    Reply
    • Jason Bond

      No they are there still.

      Reply
  6. KyleMazanowski

    Doing an awesome job with your picks. What do you think about CMGO? It’s made me a lot of money so far and I’ve been told to hold till end of the month with a possible break to .05

    Reply
  7. Carl

    Thanks, Martin. I might just take you up on that.

    Reply
  8. Melinda D.Clarkson

    Just this minute joined- after much “reading” 🙂 Your “wheelhouse” fits an up and coming co: Luxeyard (LUXR), flash sales; all officers “who’s who” and accomplished; onto OTC in Mar- now 800,000+ members, much faster than Facebook; Bloomberg and others giving them cudos for good setup/ aquisitions team; Cap down to $82mil- range .26 > 2.13; when it hit $2, the world began taking profits, but predicted to IPO in Dec @ $23? I have it t 1.22, short and long term. Disclaimer: I know nothing!

    Reply
    • Jason Bond

      LUXR is only a pump and dump Melinda, do your research and be careful.

      Reply
  9. Carl

    Jason
    I’ve sent you an email. Hope you’ll have time to respond
    Thanks, Carl

    Reply
    • Jason Bond

      I’m a little behind on email Carl but I’ll have all of them read and responded to by the morning. Cheers, Jason.

      Reply

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