Archive for the ‘Penny Stock Prophet’ Category

Overall, this past week has been a hard one for the bulls. A lot of stocks have crumbled in a recent retracement over the week, but stocks finished out up in the final day of trading on Friday the nineteenth after some good news about future economic indicators. Most analysts have started to conclude that the job market will be improving by the start of next year and this means a lot of people could be seeing new developments in companies that have accumulated dust since the great recession.

So what does it mean for penny stock trading? Next week could likely be a bull run for a lot of stocks looking to prove their worth in the markets. The major indexes are holding at a solid pivot point ready to bounce back from a recent pullback. The Santa Clause rally is likely going to be entering full swing in the next week or two. The only thing holding the market back next week will be Thanksgiving. Aside from that, anything could happen.

So look for a few bullish moves next week in the major stock indexes. It’s likely we could see a preview of some very important advancements in price for a lot of companies reliant on consumer spending. If earnings reports are good enough for these companies, the job market could start coming back to life as well.

As far as my penny stocks to watch, one of them has already taken off and come back down. SPPH. It rallied all the way up from 20 cents to just over 50 cents in a few weeks. Sadly, James Connelly came to the party late this time. Sorry James! You picked a great stock, but I think you are likely too late to see any real profits for your members!

Anyways, MSLP is showing signs of life again, which excites me. I never thought we’d see it go down this far and with a recent announcement of a contract to endorse Lyoto Machido at UFC 123, this one is overdue for a bounce. I may just put out a buy signal for it. We shall see!

That’s all for now, stay posted for more trading insight!

Hey all, James Connelly sent out a pretty good alert on a stock that had a huge spike in price and trading volume today. The symbol was SSTC. Safe and Secure TV Channel is a television and broadband company dedicated to broadcasting information on emergencies for the Department of Homeland Security.

This morning, they made the following announcement:

Safe and Secure TV Channel, LLC (PINKSHEETS: SSTC), the premier internet broadband television network devoted exclusively to homeland security and emergency preparedness, announced today that it has expanded its programming with the addition of over 250 hours of content from the award-winning Homeland Security ConferenceOn.TV Network.

“Safe and Secure TV Channel provides a vital information resource and conduit to the high-growth Homeland Security industry,” said Theo Mayer, Founder and Publisher of Homeland Security ConferenceOn.TV Network. “Our rapidly-growing archive features the industry’s leading thinkers, scientists and engineers, providing Homeland Security practitioners and professionals with a valuable source of current information.”

If you buy penny stocks to make a profit, this is one I think has the potential to perform further on down the road after opening up new contracts with their parent company, the Department of Homeland Security. (Perhaps you’ve heard of them?)

Anyways, this particular alert was sent to me courtesy of James Connelly’s service, the Penny Stock viagra. To check it out, click the link below.

==>Click Here to Visit the Penny Stock Prophet Homepage<==

What a lot of people don’t entirely understand about penny stocks is the concept of scalping versus long term trading. When people trade penny stocks, they start to lose track of the fact that these equities are practically valueless in and of themselves, hence they are traded at such a low cost on the stock exchange. For this reason, traders new to the art of penny stock trading have to understand the difference between scalping and mainstream trading and why it plays such an important role when it comes to trading these difficult and often times complex financial instruments.

A mainstream stock gets traded thousands of times per day and has much more liquidity than a micro cap stock. This is because mainstream blue chip investments such as Google or IBM stock are widely recognized for their value, not only in terms of potential appreciation due to the strength of the company, but also in the consistency to pay out dividends to their investors.

When you shift over into finding hot penny stocks to trade, the game completely changes! You are now attacking a market that moves twice as fast, so you need to be making each trade very carefully and tracking your progress day in and day out, no matter what.

Here’s a look at some of the difference between penny stock trading and standard stock trading people should be aware of:

Stock Trading

-Offers highly liquid trades that guarantee an immediate fill in price

-Trades move very slowly since the market is highly efficient. It could take weeks or even months for a stock to double

-Easier to speculate on since more people are actively engaged in these markets

-Have just as much risk as penny stocks only the market moves at a slower rate

Penny Stock Trading

-Low volume occurs on most penny stocks day in and day out. This means you need to look for a volume spike to place your trade in order to guarantee a fill!

-Trade moves very quickly since the small market on these stocks is very inefficient. You have to watch fairly closely for a spike in price.

-More complex speculation is required here because fewer people are in the market. Get a good trading system and preferably a newsletter to help!

-Stocks can double overnight, literally. Be warned as they can do the exact opposite as well!

That said, people need to ask themselves some smart questions before trading penny stocks, or any stock for that matter. There’s a decent chance this market just isn’t for you, but there’s also quite a good chance that it is! If you enjoy fast moving stocks and don’t mind the risks of trading on low volume, penny stocks can be quite a good investment for you.

The key is scalping. When you try to attack a penny stock via mainstream trading methods, you often wind up moving too slow for the market! This means you lose a lot of your profits to commissions and lack of volume, and often times wonder what exactly went on? You need to scalp, which means getting in on a sudden spike in price and volume, then getting out quickly! I talk about this a lot in my Penny Stock Prophet Bonus.

If you want to figure out if penny stock trading is for you, ask yourself a couple of simple questions about how you trade:

Do you enjoy fast moving stocks?

Do you want to be able to profit today and not a few weeks from now?

Do you mind scanning the market for volume spikes and heavy price action?

Do you not need dividends or any of the other features offered by mainstream mid and large cap stocks?

If you answered yes to 3 out of 4 of those questions, then I think it’s safe to say you’re a penny stock trader through and through! So what now? How do you get yourself to the level where you can make serious money in the financial markets and start quitting your day job once and for all? The answer requires some discipline and persistence on your part, but don’t fret! You can make it out of the rat race as a trader, or in the very least, make yourself some extra cash to help pay those bills. There’s nothing like a hobby that pays you, now is there?

Here are the 4 steps you need to take to become successful trading penny stocks:

Step 1: Educate yourself on the markets

Go to the book store and read like crazy! I recommend books like A Beginner’s Guide to Day Trading Online (2nd edition). Take a few educational seminars from classes like Investools or thinkorswim. These guys will teach you all the basics you need to know about trading. Get as much information in your brain for a few weeks as you can before even placing a paper trade.

Step 2: Find a trading system you like to help you scan the market

In terms of penny stock trades, the best thing you can have is a good newsletter. Some of the free ones out there such as Penny Stocks Expert are alright, but overall I recommend a paid for newsletter such as Penny Stock Prophet or Penny Stocks Psychic. These services both offer accurate alerts and better service simply because they make more money by being paid by each of their members to offer high quality alerts. It’s a lot better than guessing or using a crummy free service in most cases!

Step 3: Practice paper trades and build a successful trading journal!

Good penny stock trading requires building a solid journal of trades that shows you have made progress and become fairly consistent and generating profits. This doesn’t mean having no losses in your trades, but rather it simply means you are successful enough trading your wins over your losses that your losses are much outweighed by your gains. Do this for at least a few weeks to a few months before transitioning into live trades.

Step 4: Transition your trading journal into live trades

This is the big jump! When you’ve finally gotten the hang of trading basics and feel comfortable trading your stock alert system, move it into live trades with a small non-margin account. Do not put more money into the account than you can afford to lose! If you can’t afford to lose more than $1000, then make that the maximum amount you trade, period! At this point, you should be good enough at scalping penny stocks that you feel comfortable with the occasional loss, as you should. Try to start with at least $1000 if you can and absolutely under no circumstances put the nest egg up into your trading account!

So what is all the hype with NUEC and how is it that this stock has jumped 26 percent in one day after James Connelly sent out his alert? Has there been a significant bounce on the psychological support level for this stock, or is it going to crash and burn suddenly under such a sudden and extreme movement? I like to play the scalping game, so my exit point is either now or very soon! Here is my overall analysis: take it for what you will!

Green markets, while great and an exciting opportunity to profit off of what is essentially a fad, do not offer much in terms of new sources of revenue or new markets to explore. The reason is because green is such a vague term that refers primarily to services we already have or need to simply improve, like transitioning from throwing garbage out to recycling it. It seems a bit insubstantial to me that anyone base such a huge move in a stock on sources of energy that have never been deemed unworkable.

Albeit this is not an energy stock to go after, which is another reason I don’t see it as making a huge move potentially. This is an agricultural development stock that specializes in the creation of chemical mixtures to improve the working of soils. While that is important, agriculture is not a sector I see a lot of growth in, so I’d get out of this stock relatively soon.

Not that you will lose tremendous amounts of money, just that you won’t make a whole lot either, which is essentially the point of penny stocks. You look for a sudden move, then ride the profits up and scalp it. I really appreciate James sending me out this alert as it is a great trade, but one thing I have to say is, if you are in this one, don’t hang onto it much longer!

Smart traders can make a safe 20-30 percent off of trades like this, which is why I love PSP. I was beginning to think it was a fad, but every time a great trade comes into my inbox, I’m reminded that this service is actually pretty sweet, assuming you know how to work it appropriately!

My verdict: great trade for a quick scalping, and nothing more! Keep out of it for the long term as the only person claiming to be that this stock should multiply by 165 percent is, well, the CEO. And of course he would say that, now wouldn’t he?

Anyways, if you still haven’t gotten in on these alerts or checked out the bonus I made for James Connelly’s service that has been sending me picks like this, I highly recommend checking it out and getting in on the action by clicking here to get the Penny Stock Prophet trading service.

First of all, just want to give a quick shout out to all my PSP members who managed to get in on James’ most recent trade! It’s been one of his only trades this month, but the wait was well worth it. As you can see by the chart, Lyric Jeans is up well over 100 percent in just a few days, amazing gains for those of you who managed to pull the trigger when it was at its low point when being first picked!

I didn’t manage to get in on this trade unfortunately, as I’ve been sick and have been working on other projects, work, other websites, etc.. Trust me, I’m kicking myself for it now! Anyways, sorry it’s been so long since my last post and I will continue to update you guys on developments with the website as well as great trades with any of the systems I’ve got going including the Penny Stock Prophet.

Finally, to those of you who haven’t gotten in on PSP quite yet, I’ve got some great news! In the next week or two, I’m going to be launching an INSANE bonus for new subscribing members to James Connelly’s service! So if you didn’t already have enough of a reason to get started, I will be adding another few reasons, for FREE! The response I’ve gotten from this product with my subscribers has just been too nuts to pass up, and so I feel the need to give even more value to my members and James by throwing in a bunch of free ebooks, videos and perhaps even some audio downloads to get you guys started in the financial markets…

Anyways, to get your copy of my upcoming bonus, all you will need is to buy through a link on this website! I’ll be putting up a sales page and a members area for you guys in about a week or so with all the details, but the bottom line is so long as you buy through a link on my site, you will be able to grab your copy of my PSP bonus quickly and easily by shooting me an e-mail on my contact page!

For those of you who want to get in on this early to make sure you get a copy later, I recommend grabbing a copy of the Penny Stock Prophet from the link below and opting into my list, and I will let you know as soon as the members area of my PSP bonus goes live!

So I subscribe to a couple of different penny stock alert services, really only one that I recommend but a number that I use on occasion to explore other opportunities in the market. What’s interesting to me is that this past week, I have two separate penny stock alert services coming into my inbox, both of which happened to recommend the same stock. Those of you who are in my list know what that stock is: RCYT, or Recycle Tech Inc. One of my alerts came in Monday night, the other came in Tuesday night. Here’s a look at my gmail inbox for some proof of what exactly went on and why it’s so significant:

You can see that I have en e-mail in my inbox from James Connelly on Monday night the 22nd of February and another e-mail on Tuesday night the 23rd of February from Penny Stocks Expert. What’s truly embarrassing for Penny Stocks Expert is the fact that they recommended a penny stock that was already on its way down by the time they got around to finding it, meaning that the rally was over. The rally had occured on Tuesday, the day after I got an alert in my inbox from James Connelly to check this stock out and get in on the rally.

In other words, even though both services recommended the same stock, with Penny Stock Prophet I would have made around 30-50 percent gains, and with Penny Stocks Expert, a free service, I would have lost the same amount. I feel bad for people who use this alert service as a lot of them have probably lost money due to bad market timing. Truth is, market timing is key to trading well in penny stocks, and if you don’t believe me, let me lay out my case for you and prove it. You can check this data on any other charting service yourself if you feel I’m lying but this is the honest to God truth and I won’t hold back anything from my readers:

Do you see that giant green bar at the beginning of the day on Tuesday? That’s the giant green bar you would have gotten if you were subscribing to James Connelly’s Penny Stock Prophet service. You would have seen gains of anywhere from 30-50 percent within a few hours time. Pretty amazing.

Now look past it to the start of Wednesday. See that giant series of red bars plummeting into the ground like a high school drop out plummeting into the unemployment office? That is the amount of epic fail you would have received had you gone with Penny Stocks Expert, a free service, over James Connelly’s service. Some people might think that you can get the same things for free just by subscribing to a couple of newsletters, but if you ask me, free picks are garbage picks, and this is just one example of that. If you want to save money on your alert service by going with a free, half assed piece of crap penny stock newsletter, then feel free to sign up for any of the thousands of penny stock alerts out there. But if you want to actually make money in the micro cap markets, Penny Stock Prophet is the way to go.

The amount of money you could have made on this single trade with a 300 dollar investment would have paid for your membership, as opposed to what it would do to you had you not paid for it and gone with the free service. The moral of the story here is you get what you pay for. So if you’re ready to get started making money in micro cap stocks and treat it like a business rather than a hobby, click here to check out Penny Stock Prophet for yourself.

Always a pleasure.

-Eric Conklin

James Connelly, A.K.A the Penny Stock Prophet made what appears to be a solid pick for my Tuesday trade. ISPI is a bio fuels stock that has been showing significant congestion and signs of impending upward momentum for several days now. This particular stock jumped out of the gates this morning with a massive volume of 2.5 million and has already seen a gain of 28 percent from its opening price, making it a great pick to scalp. Here’s a look at the chart:

Since it’s already yielded almost a 30 percent gain ever since the green light was given, it’s probably a wise choice to consider exiting the trade regardless of whatever James’ advice is in regards to the stock as it may turn around. I am a conservative trader and hate to hold onto these micro caps for much longer than a little bit, so it’s very important for me to scalp, take the profits and get the heck out as soon as I can.

If you still haven’t gotten in on the Penny Stock Prophet alerts that I use, click here to start making money in micro caps once and for all.

So this morning I had this in my inbox from the Penny Stock Prophet:

I believe SHMN will be our strongest play in 2010 so far! The formula is showing that an unbelievable rally is about to unfold.  We’re looking at potential gains of 100 – 150% over the next few days.  Do not miss this one!

That’s the gist of it anyways. Apparently James has such a strong notion about this particular stock that he didn’t even have a Friday pick last week because he wanted everyone to clear out any trades they were still in to insure they’d have enough buying power to profit from this trade. Sounds exciting. Let’s have a look at the chart:

I’m with him on a long position with this particular stock. My only fear is the notion that perhaps the stock may already have realized it’s maximum possible gain this morning when volume and price spiked dramatically. His last couple trades have been fairly impressive, so this one should no doubt yield a fairly large profit, and the volume pattern does match that of a retracement, so we should have more upward momentum to go.

I’ll be sure to fill you all in on how it turns out. Just in case you haven’t already subscribed to the Penny Stock Prophet, I highly recommend clicking here and finding out how good it is for yourself.

So it’s been about a week since I signed up for the Penny Stock Prophet alerts and my feelings on it have actually been somewhat mixed. I’ve seen one or two gigantic winners that exploded overnight, and another couple that hardly made any gains whatsoever. The most recent one I am optimistic about however, because it’s showing signs of developing a severely oversold position combined with a lot of congestion, an ideal combination for a sudden upward burst in price action. Yesterday’s pick was Jackson Hewitt Tax Services, (JTX). Here’s a look at the chart:

You can see that stochastic has severely bottomed out, so I see exactly why this trade is being posted this week. I bought it at 2.75 and it’s trudged upward slightly to 2.80 The only thing making me nervous is that I was expecting the breakout to occur yesterday, and it’s now Tuesday afternoon and still no breakout yet. Hopefully these picks don’t change my mind about James Connelly’s service. As of right now I still think he picks a good stock, I just am reluctant to think it is as amazing as it gets worked up to be.

Still, if you want to make money in penny stocks, his service is a reliable choice. I give him a break this past week or two as the equity markets have had a downward momentum and I expect he will find some great picks in the near future. My rating on this is still that it’s worth buying, but at the end of the day that’s for you to decide based on your own trading abilities and preferences.

So if any of you have been visiting my site you know that I do some advertising for a guy named James Connelly, the supposed ‘Penny Stock Prophet’. Connelly was a math student at a prestigious east coast college for a number of years and spent a lot of time independently studying patterns and price action in the stock market, his goal of course being to develop a system that could identify and predict price breakouts before they occur. Needless to say, after years of toiling and trial and error he found a couple of key features and ratios within stock prices that could determine a breakout before it occurred.

After developing a system that worked well to gain a small percentage of profit within a couple of days on standard mid and large cap stocks, he decided his system would work much more effectively if he turned his attention to stocks that can jump a great deal within a short period of time, which brought him to micro caps, a.k.a. penny stocks.

Nowadays he trades consistently on penny stocks and has made a fortune as the penny stock prophet. His site is essentially a detailed series of newsletters that give you guidelines for how he is going to trade and what you can do to imitate his system. It’s a novel idea because it takes his trades and basically hands them over to you in real time.

My only disappointment with the product thus far is that it doesn’t have any substantial guides or members only areas that you can get advice and interact with other members on the penny stock prophet system. I was expecting something more for 97 dollars, but if his trades can make me money, I’ll gladly put up the cash to get started, especially considering Clickbank guarantees my purchase. (I’ve gotten refunds from Clickbank before, they are a reliable company so don’t even worry about getting scammed).

So next week I’ll be trading alongside the penny stock prophet and I’ll let everyone know how things are going. If you still need to check out his system and find out if it might just work for you, I encourage you to take a look at the Penny Stock Prophet by clicking here.