Today's market thoughts...
ZRAN falls as markets remain green. In fact most of my watch list is red as markets remain green. ZRAN has more to give...
IJON - a manipulated stock which at $3.05 is WAY over priced IMO and is down a little. I see IJON at under a $1, eventually.
Those remain my only two positions. They are short and I have no longs, except my mutual funds in my 401ks.
I still have taken no new positions today.
I see someone bought some SCON, but I don't know what is attractive about it...I never liked it long. It was a $2 stock and is more than twice that now. SCON bubbled over $100 at one point, but never belonged above $5. I don't see it becoming worth more than that anytime soon. If anyone has another opinion, I am listening.
Long term, I am looking at buying INMT sometime in the next twelve months. When I think the market is about to rebound or is rebounding. INMT was over $12 a while back and I see it returning there when the market swings back up. I only know about them because my brother in law works for them.
I am also keeping an eye on NWCI as I think they will put it all together again in 2002 and become profitable again. NWCI may lose its NAZ listing soon, although the reverse split may stall that off some. It is currently nearly fairly valued IMO, so I don't think the reverse split on that one will drop below NAZ specs like many do.
Those are my views on current penny stocks.
I stay away from most penny stocks these days.
Looks to me like the market is tentative today. Not knowing which way it will turn, near term.
Personally, I think it will go down more over the next couple of months. Not in a straight line. It never goes anywhere in a straight line.
All of this is JMO of course. Make up your own minds.
Be careful out there. The true bottom is not here yet.
Stay in the Black! jimS |
