What the heck is a loud stock? It's not necessarily an equity that's moving more than other stocks, nor is it an equity of a company that's just released major news (though both conditions may also apply to a 'loud' stock). A loud stock is just a ticker that seems to be creating the most organic conversation within the investment community.
So what? As it turns out, 'loud' stocks are also often the most trade-worthy... if not now, then soon. (Just bear in mind those trades are just as likely to be bearish).
In no particular order, today's loudest penny stocks are Beacon Redevelopment Industrial Corporation (BCND.PK), Purespectrum, Inc. (PSPM.PK), EV Innovations, Inc. (EVII.OB), and IMAGE Worldwide, Inc. (IMGW.PK).
Let's briefly look at each one.
Beacon Redevelopment Industrial Corporation (BCND.PK)It's tough to categorize what Beacon is... just think of it as a conglomerate with strong interests in real estate and resources, but also some structures. More importantly though, this penny stock is up 75% today on no news.
Deciding whether it's "worth" $0.0008 per share can be tough, as you really have to drill down into the operations of its individual subsidiaries. It's possible to do it - I'm just not going to here.
I will, however, let you know the company is/was performing well enough to earn a buyout offer in May. I have no details, but it's definitely a plus.
It's a newcomer, but one worth knowing about. It's also a pink sheet stock, which is worth worrying about. I'm finding it difficult to get detailed information. It's still an interesting trading candidate though.... up as well as down.
Purespectrum, Inc. (PSPM.PK)This isn't our first look at Purespectrum - we first uncovered it back on June 9th, fearing (for the bulls) what's materialized since then. And what is that? A continued attack on support accompanied by more lower highs.
Technically speaking, the support line at 55 cents (roughly) is still standing, but the bulls seem to be struggling.
The biggest red flag here isn't that the stock is sinking due to a lack of good news. My problem with the stock is that it continues to sink despite good news. This is strictly a 'trading' idea though, so I can't worry about news too much.
Welcome to the pink sheets.
EV Innovations, Inc. (EVII.OB)This bulletin board issue popped up on my radar mostly because of this week's (to date) 44% gain. I was fully expecting to check out the chart and see a stock that had already run away... one that would be pointless to chase. Once I took a look though, I realized there's still a ton of upside potential to go here.
I suppose the stock deserved this week's rally. The manufacturer of electric vehicles announced this morning they've extended the range of their WISE car from 120 miles per charge to 211 miles. The news followed Monday's mention in a Motorweek Autoworld magazine article.
Normally these publicity-rooted bursts are short-lived, but I think this one could be different. The company's real, and they actually know what they're doing (oil at $70 per barrel doesn't hurt the EV industry either.) In other words, I think the nudge could stay in motion for a while.
To be clear, I still see lots of volatility in the short run. When a stock that used to be $250 is now $2.00, yet with the company closer to success now than it was then, I get curious. (They've got a cool website too.)
If one of you knows more of the story here, please feel free to chime in below.
IMAGE Worldwide, Inc. (IMGW.PK)Before you get too excited about today's 100% gain, just keep in mind that's not unusual arithmetic for a penny stock trading at $0.0002. A little goes a long way.
All the same, today's pop for this packaging/printing/promotion company stems from huge increases in sales (+135%) and gross earnings (+142%), and a swing to net profits. The bar was set low from the comparable quarter a year ago, but hey - it's still growth.
This was almost another one of those pink sheet stocks I was going to glance at and throw away, as I'm not sure when - or if - profits will ever actually be seen. Something caught my eye though... the market cap is only about $150K.
Just for comparison, last quarter's sales came in at $1.2 million, and gross profits came in at $406K. The company also reported a small profit.
Kinda' makes me wonder; a little investment buys a big chunk of the company. Some DD may be worth it.
If you liked a little extra detail behind some new penny stock ideas, then you're going to love the specific entry and exit recommendations we offer you with our free e-newsletter (delivered 2 to 3 times per week). Sign up today - instructions are at the top of this page.
