Thursday, August 06, 2009

Google, Yahoo, and Bing Whats Up?

Much of what I write on this blog about penny stocks. The reason I write about them is because Google, Yahoo, and Bing are supposed to give a little love when it comes to ranking in their search engines. However, the trend has been south for PennyMarkets.com. It seems like the more we post about penny stocks the harsher we are treated in the SERPS. What's up with that?

I was doing a little research on EquityGroups.com an investors social networking website. Currently the site is under development. Any site worth its weight is always under some kind of development, right?
I found some very interesting, dare I use the term, penny stocks, which I think you will be interested in. Apparently most of you are not interested in my ranting about political views, LOL.
First in line PUDZ, formerly PUDC Puda Coal, a China based coal mining operation. The three month chart for the former PUDC looked excellent, and the reversed chart looks pretty good as well. I do not know what the companies plans are as far as financing, but if they are reasonable the stock could perform well.
The second company I want to share with you is ETLY, the stock chart for this one has exploded over the last few weeks. I'm not as sure about the future of this one, but currently the chart is looking strong.
The third company is a revisit, I mentioned it on the penny stocks blog and will address it again here. The company is a popular one, SPNG Spongetech, a company selling various cleaning sponges. The company appears to have a lot going for it. However, I have to warn you, the structure of the company is a bit out of line! I would not be all that excited about the company unless they retire more like 500,000,000 of the outstanding shares. It is very unpopular to go against a trend in a penny stock but I have to. Here is a look at what we know about the structure.

Spongetech Delivery Share Structure

Average Volume (3 month)3:96,415,300
Average Volume (10 day)3:71,982,500
Shares Outstanding5:722.87M
Float:443.48M

The company I want you to take a look at is an oil stock. The Ticker symbol is MPET Magellen Patroleum Corp. I have been a fan of the company for several years and the stock chart is pretty compelling. The stock has been holding just under 1$ but recently has moved above the 1$ mark and could continue to move.

I hope you enjoy these stocks and do your Due Diligence!
A few more to look at I like.
CFWH, CAGC, DCMT, GLOB, PHLI, and IMMR

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