Tuesday’s Penny Stock Preview
Well it looks like it might be time to bail on MAA.TO! They announced the end of the exclusivity agreement with Sinohydro and no good deal on hand. It’s interesting to note that apparently many Chinese companies are being accused of basically getting to know the inner workings of many companies then not investing but using the knowledge to further their own growth. That sounds a little too conspiracy theory-ish to me. I don’t believe that to be the case at all, but with MagIndustries I don’t suspect we’ll hear word in the near term.
MAA.TO – $0.58 – $0.52 (-10.34%). Read more about this story here on the penny stocks blog
AEI.TO – $0.55 – $0.54 (-1.82%)
Two Penny stocks for tomorrow:
FWR.V – $0.76 – Has had a nice run since it was initially featured on the blog and is poised to be another 100%+ hit.
EIL.V – $0.085 – The market responded very favourably to the earnings release today.
Related posts:
December 2nd, 2009 at 5:25 pm
Where do you see these 2 stocks headed?
Timminco (TIM) – I bought it at $1.68 anticipating strong Q3 results (boy, was I wrong).
UEX Corporation (UEX) – Traded as high as $1.34 less than 2 months. See it bouncing back any time soon?
December 9th, 2009 at 7:26 pm
Thanks for the interest Adam. Looks like TIM just issued more stock (ie: further diluting the value). But UEX is looking good if it can break above that $1.02 level which it’s sitting just below right now. If it does that, then we’re good to test the $1.20 to $1.30 levels.
Let’s see how it shakes out.