Trading Penny Stocks

We've all heard about the investor how bragged about his 100% or 1000% return on a stock or about the guy who made it rich by investing in small caps, undiscovered stocks that made it big. In theory, it seems to be too easy. Invest in a couple of penny stocks, then sell them when they move up. Unfortunately, it is too easy. Too easy to lose money unless you know what to look for. (more on trading penny stocks)

Market Edge Timer

Long Term:

As indicated by the Long Term Arrow, we are currently in a bear market.

Short Term:

Expect the short term picture to be bearish as the market comes to grips with a few uncertainties (proposed bank legislation etc). If you are still long, we strongly recommend tighter stops)

Bullish Picks

Cash

Bearish Picks

Energy ConvDev (ENER)

Duoyuan Glbl (GDW)

Canadian Solar (CSIQ)

smallcap profiles:

Morgan Creek Energy Corp. is a natural resource exploration company engaged in the acquisition and development of strategic oil and natural gas properties. Morgan Creek Energy is actively engaged in the generation and development of oil and gas prospects in the more prolific producing regions of the southern-continental United States of Texas and New Mexico.