Thursday Stocks to Watch | Penny Stocks

Legend Oil and Gas (LOGL:OB)We have mentioned LOGL a few times before and yesterday shares reached a 52 week high. Add to your penny stock list just in case there is follow through.

S&P 500 (SPY:NYSE)The grandaddy of all ETF’s was smashed today. Were the pundits correct in saying “Sell in May and go away” ? Or is there a little bounce coming today ?

Bank of America (BAC:NYSE) People seem to be getting worried about the banks again and when this happens BAC usually seems to get hit. Wells Fargo (WFC:NYSE) followed suit yesterday as well. Watch the (XLF:NYSE) ETF for some guidance if you are in the bank sector.

SPDR Gold Trust (GLD:NYSE)Rumors of QE3 could put this one back into play. If that happens there could also be some opportunities in gold mining penny stocks.

Multicells Techs (MCET:OB)Gave back much of it’s gain from Tuesday on heavy volume. This type of action sometimes brings in bounce buyers who took profits from the day before. Add to you list of stocks for now.

Washington Mutual (WAMUQ.PK)Remains active on message boards and even more active amongst penny stocks scalpers.Remember to have a super short time frame if you decide to get involved with this one.

Netflix Stock (NFLX:NASDAQ) Backed off yesterday’s all time high to close lower Wednesday. Always monitor all time highs on this one because they often spur short covering.

American Superconductor (AMSC:NASDAQ) We have often mentioned AMSC because it has been newsy and volatile. The stock was smashed yesterday, but remember that there is a cult following in the one and it has a ton of shorts in it.

Sunrise Consulting Group (SNRS.PK)– SNRS was the most active pink sheets stocks yesterday on a PR that was related to the sale of a patent. SNRS also just planned to put a stock buyback in place. This is a sub penny play so there could be some interest again today.

Potash (POT:NYSE)Ag’s sold off with the market yesterday, but still seem to be one of the stronger group. POT could be a nice bounce candidate if the market recovers today.

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