penny stock fortunes

Penny Stock Prophet Review – Final Analysis

Swami gazing into a crystal ballMany readers have been asking for my final Penny Stock Prophet Review so here it is….

After trading the Penny Stock Prophet’s picks for a while I have determined that it is difficult to make money because the price jumps quickly above his buy price after he releases his picks.  If you decide to get in above the buy in price you risk a downtrend after  his followers start bailing with small profits.

You can only consistently make money if you can get in before the price goes up too much from his follower buying spike, if you get in below the recommended price, I would recommend you get out after 10 or 15 minutes if the stock is doing nothing after the morning spike.

If you are willing to buy enough shares so that a few penny gain is worth your while, you can make some money with this strategy, then again, you need to risk a lot of money to make a few penny gain worthwhile.   Otherwise, profits are fairly hard to come by.

In general, his picks follow the following pattern:

Pre-pick: Slow trading stock stock with not too much volatility.

Pick Announcement:  Race to get in and stock jumps  right at the market open often going past the buy in point recommendation before you can get in.

After pick: Stock starts to come back down to pre-pick levels as followers cash in.

If you have a fast acting online broker you may be able to make a few bucks, but the person making the real money would be the Penny Stock Prophet, that is if he is taking a strong position the day before he announces his pick.  I doubt there is a magic algorithm that he uses, his picks go up because he has a lot of followers that buy when he says buy.

A few of his picks have had steady gains but some of those may have been difficult to get in at the buy price target.  Others have trended down after the early bump in price.  All in all, besides the effect of his followers quickly pushing up the stock price after each pick, it seems fairly random whether the stock pick price will go up, down, or flat.

Below is a snapshot of his recent picks that are no longer in play.  If you want to try active picks you need to test his service.   On each of the picks below, he either  stopped covering them because they touched the sell point or did nothing and just fell off his buy lists.

I list the Penny Prophet’s buy price recommendation, and the target sell price.   Look at the charts  and decide whether this system is for you. I have mostly  put a red line at the morning of each buy recommendation so you can see what his picks do.  There is an opportunity to make money but the margin for error is very slim.


10/5/2009

Quick Pick: (These picks are quick in and out picks the PSP gives out)

Pan Global Brands, Inc.

PNGB.OB

Buy Point:  $0.17

Sell Point:  (look for 20-50% gains)

PNGB

Long Term Pick: (These are the buy and hold at least a week or two given buy the Penny Stock Prophet)

Uluru Inc.

ULU

Buy Point:  $0.22

Sell Point:  $0.28 – $0.31 (30-40% Gain)

ULU

10/09/2009

Quick Pick:

Fresenius Kabi Pharmaceuticals

APCVZ

Buy Point:  $0.65

Sell Point:  $0.80 (10-20%)

APCVZ

Long Term Pick:

Metabasis Therapeutics, Inc.

MBRX

Buy Point:  $0.55

Sell Point:  $0.65 – $0.80

MBRX

10/12/09

Bionovo, Inc.

BNVI

Buy Point:  $0.55 and under

Sell Point:  $0.75 – $0.90

BNVI

InTEST Corp.

INTT

Buy Point: $0.50 and under

Sell Point:  $0.70 – $0.90

INTT

10/14

Via Pharmaceuticals

VIAP

Buy Point:  $0.45 and under

Sell Point:  $0.55 – $0.70

VIAP

10/16/09

Mad Catz Interactive

MCZ

Buy Point:  $0.45 and under

Sell Point:  $0.54 – $0.60

mcz

10/19/09

Regent Communications Inc.

RGCI

Buy Point:  $0.64 and under

Sell Point:  $0.73 – $0.90

RGCI

10/21/09

Inuvo Inc.

INUV

Buy Point:  Under $0.28

Sell Point:  $0.45 – $0.50

INUV

10/23/09

ICOP Digital Inc

ICOP

Buy Point: Under $1.00

Sell Point:  $1.35 – $1.60

ICOP

10/26/09

Leading Brands Inc

LBIX

Buy Point:   $0.62 and Under

Sell Point:  $0.81 – $0.90

LBIX

10/28/09

Tucows Inc

TCX

Buy Point:  $0.59 and under

Sell Point:  $0.72 – $0.80

TCX

10/30/09

Cardium Therapeutics Inc

CXM

Buy Point:  Under $0.80

Sell Point:  $0.90 – $1.00

CXM

11/2/2009

Novadel Pharma Inc.

NVD

Buy Point:  Under $0.29

Sell Point:  $0.37 – $0.45

NVD

11/4/09

Zhone Technologies Inc.

ZHNE

Buy Point:  Under $0.54 (closed yesterday at $0.47)

Sell Point:  $0.60 – $0.68

ZHNE

11/6/09

China Cablecom Holdings LTD

CABL

Buy Point:  Under $0.81 (closed Thursday at $0.73)

Sell Point:  $0.96 – $1.20

CABL

11/9/09

Onstream Media Corp

ONSM

Buy Point: Under $0.37

Sell Point:  $0.45 – $0.65

ONSM

11/11/09

Sunesis Pharmaceuticals   Inc.

SNSS

Buy Point:  Under $0.38

Sell Point:   $0.43 – $0.50

SNSS

So what do you think?  Can you make money playing the Penny Stock Prophet’s picks?

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Article source: http://www.penny-picker.com/blog/2009/12/01/penny-stock-prophet-review-fina/

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