Penny Stock Pick - POCC
The penny stock of the day is POCC, the Palm Desert, CA based petroleum gas wholesaler in northeast Mexico. Recently the stock has unusual activities as it went from $0.4 per share on Monday all the way to $0.92 per share today, a 100% plus gain with no news. Maybe the shortage of energy is fueling the stock growth.
Technical
From the technical chart MACD and KD both signal positive strength. However ROC has rose too quickly and is now at overbuy level so profit taking could may start very soon. The stock is now above 50 day and 200 day moving average and if the upward trend can continue for another month and 50 day moving average can cross on top over 200 day moving average than the stock will be ready for a big rally.
Insider
Looking at the insider transaction we only see two recent acquisition of 2,500 shares each from the officer. The institutions however has been reducing the holding for another 483 thousands shares or 23% in the previous quarter, not a good sign for the stock.
Financial
In the financial statements although the company is still generating income yet we still see continuous revenue decline. Hopefully more demand in energy will help the company's financial this year.Penny Stock Score (1~5) 5 is highest 1.Technical: 3 2.Financial: 2 3.Market Potential: 4 4.Insider: 2 Recommendation: Neutral
Penny Stock Pick - CHTR
The penny stock of the day is Charter Communications(CHTR), the St. Louis, MO based cable and broadband service provider. On Tuesday the tv operator posted rising fourth quarter revenue of $1.3 billion citing increase in digital video customers. This is an encouraging news as it has been one of the weakest performing cable companies.Technical Looking at the technical chart, the stock looks somewhat weak as MACD is below 0 and KD is pointing downwards. The stock is trading around 50 day moving average and 200 day moving average as both moving average are tangling with each other. As the moving average indicates, the stock is on a neutral zone and a spike or plunge would defines the trend for the next few months.InsiderSome top executives such as vice president, director, secretary and CEO have been acquiring shares for the past few months showing the management is bullish of the company's outlook. Institution has also added addition 22 million shares also indicating plus sign for the company.Financial From the financial statements the company has consecutive annual revenue growth yet got hit with huge income loss. The balance sheet shows the company actually has more liabilities than assets. In simple words, the company owe more money than it can afford even if it sells everything - not a very health financial.Penny Stock Score (1~5) 5 is highest 1.Technical: 2 2.Financial: 1 3.Market Potential: 4 4.Insider: 4 Recommendation: Neutral
Penny Stock Pick - PACW
The penny stock of the day is PAC-WEST Telecom(PACW), a Stockton, CA based regional telephone service provider serving the western states such as California, Nevada, Washington and Arizona. Recently the company has partnered with VeriSign to deliver next generation communications services utilizing VeriSign's database. The deal puts PAC-WEST in the new red hot VOIP(Voice-Over-IP) market.TechnicalBased on the 52 week technical chart, the stock seems to be about to take a great leap as 50 day moving average is rising near the 200 day moving average. If the 50 day MA does cross 200 day MA, the stock will definitely fly. In addition the KD lines is also showing the stock is still on positive swing. MACD is barely above 0 yet when you switch to 3 month technical chart, MACD actually shows very positive sign.InsiderTake a look at the insder transaction and you will see that top executives such as vice president, CIO and CEO had purchased shares recently. The 400 thousand shares that CEO acquire in December 27 should be an indication that the top executives are seeing something positive going on.FinancialThe financial is a weaker aspect of the penny stock as the company sees continue drop in revenue and profit. The quarter data still shows that the company probably will not have a strong annual report for 2005.Penny Stock Score (1~5) 5 is highest 1.Technical: 5 2.Financial: 2 3.Market Potential: 4 4.Insider: 4 Recommendation: Buy
Penny Stock Pick - VRA
The penny stock of the day is Viragen Inc. (VRA), a biotech firm based in Florida. The firm focuses on interesting frontier technologies such as anti-cancer, Multiferon, and Avian Transgenic. Anti-cancer technology is basically the development of series of specialized antibodies that can pinpoint, attack and destroy cancer cells like biological smart bombs. Multiferon is natural human interferon derived from human white blood cells that has been used in treament of two kinds of leukemia - Hairy Cell Leukemia and Chronic Myelogenous Leukemia in countries such as Egypt, Hong Kong, Indonesia and South Africa. Avian Transgenic is more like a sci-fi type technology where protein-based drugs, normall placed in expensive vessels during manufacture, can be now placed in something you see everyday - chicken egg. Yet these eggs are from specially developed transgenic chickens.
Technical
If the technology still hasn't gave you enough excitement, look at the stock chart. After hitting rock bottom of 30 cents per share around late November, the stock maybe really to head north with heavy volumn pushing the stock upward about 100% to today's close of 62 cents per share. Although 50 day moving average is still below 200 day moving average recently upward trend has brought the stock price above both moving average. In addition with KD going upwards and MACD rising above 0, we should expect more upside on this stock.
Insider
Looking at the insider trading, only one out of six transaction last year was sale although the sale of the stock occurs recently. The insider bought about 96 thousands more shares in previous quarter.
Financial
Since the company is considered a new technology firm, the financial statements for the company still need a lot of improvement on growing net loss, growing cost and flat revenue growth.Penny Stock Score (1~5) 5 is highest 1.Technical: 5 2.Financial: 2 3.Market Potential: 5 4.Insider: 3 Recommendation: Buy
Penny Stock Pick - NXXI
Today's penny stock on the spotlight is the Purchase, NY based Nutrition 21 Inc. (NXXI), a nutritional bioscience company focusing on hromium-based nutrition products. The stock today surged more than 70% or 49 cents to $1.18 per share after it received a large purchase order for its Chromax product from Rite Aid Corp.(RAD), one of the nations largest drugstore chain.
On the technical side, the KD indicator is going up showing a positive swing. Although MACD is still below 0 it also has been climbing upwards close to breaking above 0. 50 day and 200 day moving average are both sliding indicating long term downward trend yet a spike in price today may reverse the trend.
The most recent insider transactions were almost a year ago by CFO with a purchase of 15,000 shares. The institutions have also been adding 36% more shares.
Looking at the financial statement the revenue for the past three years hasn't change a lot yet net loss rose last year from 6 million in 2004 to 7 million. The company sold 9 million stocks last year, up from 3 million in 2004 showing the company is still in need of cash. New order from Rite Aid should improve the financial situation of the company.Penny Stock Score (1~5) 5 is highest 1.News Buzz: 5 2.Technical: 3 3.Financial: 2 4.Market Potential: 4 5.Insider: 3 Recommendation: Buy
Penny Stock Pick - HIV
Penny stock of day is the Lake Oswego, Oregon based biotech firm Calypte Biomedical Corp traded under the symbol HIV. The symbol is probably very different from the company's name but has everything to do with what the company do - diagnostic test for detection of antibodies to HIV. Today the stock has added 6 cents to $0.26 per share or a 30% gain because regulators in China have accepted for review of the company's oral-based HIV test.
The techical indicators MACD and KD all point to upward trend while ROC is also rising but hasn't yet reached the previous overbought level. 200 day MA is still sliding yet 50 day MA is showing little sign of upward trend with stock now trading above both moving averages.
On insider's transcation CEO of Calypte Biomedical has acquired about one million shares last Wednesday, January 4, a good sign for the stock. Net institutional purchases have been up yet it's only about 0.2 million shares, up 1.6% from previous quarter.
From the financial statements, the company had reduced the net loss yet the revenue had also reduced a little bit. Approval for the HIV test in China should could bring a lot of revenue to this penny stock firm.Penny Stock Score (1~5) 5 is highest 1.News Buzz: 4 2.Technical: 4 3.Financial: 3 4.Market Potential: 4 5.Insider: 4 Recommendation: Strong Buy
Penny Stock Pick - ATA
The penny stock of the day is the Norwood, MA based digital amplification circuit maker Apogee Technology Inc. (ATA). The product is used in home theater systems, power speakers, car audio, caommercial audio and PC multimedia. The stock has been up like crazy for two consecutive days from $0.91 on Monday to $1.65 today with no news.
From the technical chart, both MACD and KD show bullish sign. The stock is now trading above 50 day and 200 day moving average, also a bullish sign. The only potential risk is that ROC has already reached overbought level.
As far as insider transactions goes there's no transactions from the company's top executives. However the institutions have been selling the stock, a negative sign.
The financial statements don't show bright sign either as the company has declining revenue and increasing net loss plus shrinking cash. The annual report for 2005 may not look pretty.Penny Stock Score (1~5) 5 is highest 1.News Buzz: 0 2.Technical: 4 3.Financial: 2 4.Market Potential: 3 5.Insider: 2 Recommendation: Hold
Penny Stock Pick - BPUR
The penny stock on the spotlight today is the Cambridge, MA based Biopure Corp. (BPUR) which engages in development and manufacture of oxygen therapeutics. After reaching the 52 weeks low of $0.66 per share in late December, the company has bounced back to today's close of $0.96 per share. The recent rally began last Wednesday as the company are ready for market expansion into Sourth Africa.
Looking at the technical indicators, the moving average indicates neutral as the stock is now trading in between 50 day and 200 day moving average. Although MACD shows weakness, KD is helping the recently upward move. If the upward trend can continue and MACD can break above 0, bigger rally should be coming.
The Cheif Executive Officer Mr. Zafirelis bought 10,000 shares for $1.16 per share last August but that's about it. There are no other insider transaction recently except the institutions which have bought 2.8 million shares in the last quarter, about 77% more than prior quarter.
On the financial side, based on the first three quarters, the company probably will expect another declining year in revenue unless the earning announcement which is due in February 16 will pull a miracle. In addition, decling cash is probably also why the stock hasn't done well this year. One positive from the financial statement is the trimming net loss which probably would be a lot lower if there's no surprise in the quarter earning.Penny Stock Score (1~5) 5 is highest 1.News Buzz: 3 2.Technical: 2 3.Financial: 2 4.Market Potential: 3 5.Insider: 4Recommendation: Hold
Penny Stock Watch - SMRA
Today the research firm Merriman Cuhan Ford begin to cover the penny stock SMRA with a buy rating. After the analyst coverage, shares of Somera Communications(SMRA), a Coppell, Texas firm providing equipment lifecycle management services to telecommunications carriers have surged 11% to $0.89 per share as the analyst sees the stock should be trading at $2 per share, more than 100% of the current price. The analyst loves the stock citing greatter market opportunity and strong financial - $22.5 million in cash with no debt.
Looking at the technical chart the stock hasn't done well this year as share price dropped from $1.4 in the beginning of the year to 52 week low of $0.70 per share in December, a 50% drop. Recently the stock is on a short rally with KD pointing upward and MACD climbing from the lows. The stock is now trading above 50 day moving average but is still a long way from the 200 day moving average with MACD still below 0.
From the financial statement the company is seeing continuous slide in revenue but has trimmed net loss. However we are still wating for the 2005 annual report which should tell how the company do during the economic recovery.
Penny Stock Score (1~5) 5 is highest1. News Buzz: 4
2.Technical: 2
3.Financial: 2
4.Market Potential: 4
Recommendation: Buy
Penny Stock Pick - DVW
The penny stock we have noticed a lot of movement recently is the DSL and Voice-Over-IP service provider Covad Communication(DVW). The stock on Friday, January 6 got new coverage from Needham & Co. with a Hold recommendation. Although not a positive or negative rating, at least new analyst coverage should make this stock an intereting one to look at.
Looking at the 52 week technical chart, the stok has been on a continuous down trend but has recently been on a rally with MACD and KD both shown bullish sign. If the stock can continue go upward and break thru the pressure around $1.2 per share we should expect more positive movement of the stock. However one possible negative factor is that ROC indicator has shown the stock has been overbought.
Looking at the insiders, although we see employee selling the stock, major top executives such as CEO, CFO ,COO and Executive Vice President have all purchased the stock at the end of 2005. This should indates that the management team are optimistic about the future of the company.
From the financial statements, we are seeing increase on revenue and cash for the past three years as well as decrease in net loss. We haven't seen the annual report of 2005 so the last quarter of 2005 should determine if the upward trend can continue or not.
Penny Stock Score (1~5) 5 is highest1.News Buzz: 32.Technical: 4
3.Financial: 4
4.Market Potential: 3 5.Insider: 5Recommendation: Strong Buy
Penny Stock Pick - SPAB
Will NASA ever gets the spotlight again just like back in the old days when the world is watching Armstrong and fellows step on the moon? If space travel or exploration is back on the agenda for the president, then you better want to invest in this penny stock.
Spacehab Inc. (SPAB), a Webster, TX based company is developing lab modules and cargo carriers aboard NASA's space shuttles for space station re-supply. Two weeks ago the company was awarded a NASA contract worth 1 million to provide payload processing services to NASA/Kennedy Space Center. Today the company gets another contract to provide payload processing services to Lockheed Martin's International launch Services for satellite. Both news lifted the stock more than 10% from $0.7 to $0.8. Although the previous news cooled off shortly after, it would be interesting to see how the stock reacted to the second contract in a month.
The technical side of the stock isn't pretty as the stock still struggled to break over the 50 day moving average, not to mentioned 200 moving average around $1.3 per share. Although MACD is rising but it is still under 0, a bearish sign. KD has been fluctuating around the low 20 so unless the stock can break the 50 day moving average, we won't see any new year rally for the stock.
Top executive Mr. Harrington has been acquiring shares last month for $0.7 per share. Hopefully this shows top executives are now serious about bring the stock away from the danger of Nasdaq delisting.
From the financial side, although the company has more cash and assets in 2005 compare to the pevious two years, continuous slide in revenue isn't a good sign for the company. One thing postive is the increasing in net income.
Penny Stock Score (1~5) 5 is highest1. News Buzz: 52. Technical: 1
3. Financial: 2
4. Market Potential: 2
Penny Stock Pick - BSML
The penny stock we found today is a company which engages in a particular type of business called teeth whitening. BriteSmile Inc. (BSML), the Walnut Creek, CA based firm offeres teeth whitening products, technology as well as services thru its 15 teetch whitening centers and 5,107 associated centers nationwide. On January 3 though the teeth whitening technology firm sold its 5000 plus associated teeth whitening centers to Discus Dental Inc. and other intellectual property for a sum of $35 million dollars. The news lifted the stock almost 100% from December 30's close of $0.75 per share to as high as $1.48 per share the next day.
From the technical chart, 50 day and 200 day moving average suggests neutral as stock is traded between the two averages. MACD indicator, now break above 0, suggests a buy so does KD line. One indicator to also keep track of is ROC which is now approaching overbought level.
From the financial statements the company is getting slight increase in revenue but great reduction in net loss which suggest the company is probably going thru some cost reduction plan for example in research and development. Neverthless, the company is still losing money this year thru operations.
Penny Stock Score (1~5) 5 is highest1. News Buzz: 42. Technical: 43. Financial: 3
4. Market Potential: 2
