The 9 Hottest Penny Stocks To Trade This Week

Just a few weeks to take advantage of this

SpongeTech files for bankruptcy

LiveStock on demand from Friday

Flying car stocks crush electric car stocks

Thinkorswim Trading Account: $145,308, no trades, this account is up 42% in 2010, up 141% in 2009 and up 1,070% since Nov. 2007 start

Conservative SogoTrade Account: $238,200ish, made $500ish shorting NEXMD, account is up 106% since Nov. 2009 start

Conservative Interactive Brokers Account: $187,909, no trades, account is up 25% since May 2009 start

Aggressive Interactive Brokers Account: $62,902, no trades, account is up 26% since Nov. 2009 start

Today was a $10,300 profit day ($500 profit day for me) for the TIMalert subscribers listed below:

+4955 LTBR, +360 SKH, -285 AMAP

+641 ALAN, was beacon/stockpreacher uncompensated pump, shorted when up 50%

+1144 SKH, lucky trade holding overnight through morning slop

+200 SKH, held overnight, was facing a huge loss but made a profit thanks to a spike

+1840 DCTH, Tape said it would go higher hence large position size.Risk of Fri sell off +300 SKH, +350 NEXMD

+323 HALO, Held this three days but sold because market is looking choppy.

NAUTILUS MINERALS IN (NUSMF) has been pumped higher from the low 1s to the low 2s by a verrry usual suspect, this newsletter is holding a conference call today which could either mark the end of this pump, or if they are smart, they’d have worked out a press release in the next day or so from the company to squeeze the early shorts…potential short, PennyStocking Silver subscribers got a detailed video analysis so if you want to see it, email [email protected] to upgrade!

ZAP (ZAAP) added another few cents to their electric vehicle industry-related runup. The hype from the TSLA IPO is nearing its end as I expect this stock spike to be too, potential short.

Zanett, Inc. (ZANE) and Ecosphere Tech., Inc. (ESPH) both have totally failed in their recent spike attempts so now all I can do is keep watch and wait for their unethical managements to pump their stocks again and then try to find shares to short. It is a silly and simplistic pump and dump game these companies play so to play from the rational side requires patience and absolute faith that once a pumper, always a pumper.

NexMed, Inc. (NEXMD) faded nicely below the 3.05 technical support which had been holding the two previous days which is why I shorted a bit early at 3.12. Sure it was a risk given that it was a Friday but this is one of the worst companies in the world so I have to have faith in their incompetence and this same EXACT chart pattern happened on similarly to-be-delisted plays like HMNA and ENCO which retraced all of their gains within a few months…I doubt I’ll have that kind of patience so I will look to cover in the mid to high 2s in the next few days.

IDT Corporation (IDT) is now above 16 and I’d buy the stock if it wasn’t so close to my shorting as I know some subscribers are still naively short and it looks like they will be squeezed to 18-20…those of you not bound by your incompetent subscribers should have clearly seen the multi-day breakout Friday morning and having learned from the breakout patterns in PennyStocking Part Deux, realized the solid buying opportunity which existed in the mid 15s and already be up 50 cents/share on your way to likely further gains today as the stock is a prime suspect for a morning spike to 17-18 or even more, especially later this week, no play for me thanks to my business model geared to helping teach Forrest Gump, but a potential buy for anyone who can read a chart.

Catalyst Pharmaceutical Partners, Inc. (CPRX) spiked fro the 4th time in the past few months, each prior spike has failed, but those were each 100%+ spikes, this is a measly 40% gain or so and they did have patent news…low $25 million marketcap means it could go further which is what I’m hoping before its inevitably a potential short.

Delcath Systems, Inc. (DCTH) is spiking from the high 5s to the high 7s on buyout rumors…the shorts are simply getting squeezed as its down from 16 in early June, no play for me, I despise rumor-based price action, gains are based on luck and low odd setups, no thanks.

Dearborn Bancorp, Inc. (DEAR) is a former great pump & dumper and now has managed to lure in enough gullible buyers to spike the price from the high 1s to the high 2s….you know the drill, wait for the proper pattern then it’s a potential short.