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16 May

Tuesday May 17, 2011

by

Momentum Stocks

Heading into Wednesday I have 5 penny stock positions.

2k ANIK at $7.52, goal is $8.40 – $10.00 in the short term. Conservative stop is my entry, aggressive stop is $7.00.

5k LOCM at $3.75, goal is to average down in the $3.20’s and flip the turn in the short term. Stop would be below $3.20.

25k GSTPE at $.21, goal is to accumulate more shares at $.12 and flip the turn in the short term.

20k LQMT (main) and 5k LQMT (challenge) both at $.62 from the Sunday Swing. Goal is $.70-$80 in the short term. Stop will be around $.55 should it sell off.

4k SGYP at $4.40, goal is 10% into any gap and run tomorrow morning. Stop loss is 5% on this one or $4.18.

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