Morning Update Tuesday: Recap of Huge Results Monday – Our Watch List for Tuesday!

Written by John Pentony on June 16, 2009

Dear Members:

I expect to see big things Tuesday… But first…

Let’s do a quick recap on Monday:

What jumps out at me here is just how great a day it truly was. Not every stock we are close to went up; but only one closed down. And that was 6% down after being up by double digits most of the day.

I appreciate all of the kind comments. Below is one I thought I would share. I wanted to explain a few things about trading Bulletin Board and Pink Sheet stocks. You do need to know this if you are new.

See the Member Letter section below

URHN Closed up 16% on Strong Volume. I see this BREAKING OUT soon. Let’s watch it closely on Tuesday!

MZEI Closed up 30% on Very Strong Volume. Remember, MZEI hit its MULTI-YEAR HIGH on Friday.

INTK had incredible volume and peaked up 11.63%, but closed down slightly. What wasn’t ’slight’ was the volume. Incredible ANNUAL HIGH VOLUME. I use the word incredible, because it truly is.

MPTO – Our Newest Profile – Wow – what a day. Volume was moderate, but the initial run was very strong. Up 21.43% early. Closed flat.Technically speaking, this chart shows it primed for a move upward. I am very anxious to watch it Tuesday!

Now… Today we are going to be looking closely at SPOTLIGHT STOCK MFLI. I will be telling you more about that all day. Stay close!

MEMBER LETTER:

I got this via email earlier today. Name withheld as I am trying to make a point here.

SUBJECT: PLEASE HELP

Hi John,

First of all thank you for all the information so far I think the site is fantastic.

I am relatively new to this area of investing although have conducted plenty of research and am very quick to learn.

Is it, in your vastly experienced opinion, realistic for me to target a weekly NET GAIN from Penny stocks (from various sources) of c. 27% per week???

I ask because I am targetting my growth around this figure and hoping to make good progress by taking full advantage of compounding to accelerate my results and subsequently profits.

Also, is there or are there a couple of really reputable brokers that you would recommend for trading the Penny Stocks, taking into account fees , spreads and overall service and user-friendly platform etc,etc.

I would greatly appreciate the benefit of your experience and welcome any advice you can give.

Many thanks and keep up all the good work.

kind regards

(name withheld)

MY ANSWER HERE PUBLICLY: (I sent him a slightly different response)

There is no such thing as “The Wall Street Money Machine.” Yes, there is a book. Yes, there are countless systems. Yes, people will sell you books, systems, no thought methods, etc. The idea that you are going to suddenly be making 27% per week is absurd.

We have great days here. I can assure that most people do not buy at the low and sell at the high. I personally can only remember one time I sold most of my shares at an absolute high and saw it come down never to return. That is something as a trader who has done thousands of transactions you see maybe once. One time… and you remember it well.

All of this takes learning. You cannot pick it up from one book or one web site.

My recommendation: Learn how to trade on a technical basis first. Then learn how to read financials like an auditor (traders need to be junior auditors). Then learn about companies, but do not fall in love with companies. Love will break your heart and empty your bank account. (That is more true in romantic love!). I love that line. I used it on the Big Biz Show a week or two back.

When using my picks: If you do not have experience, this is entertainment. Like gambling and playing the lottery, it is something you do with your extra money. I want to help you make money. You have to come to the table with some understanding of stocks. If not, use that 1% of your most disposable income and just have fun.

TWITTER:

We have a fast growing Twitter following. One of the reasons we use Twitter is to give you another way to get instant alerts. Note that we are also MOBILE WEB FRIENDLY. So you can follow us on Twitter and click in to read the latest posts.

Our Twitter address: http://www.twitter.com/stockgurudotcom

SPOTLIGHTS FOR TUESDAY:

Canyon Copper Corp. (CNYC)
Trm Corp. (TRMM)
Nuclear Solutions Inc. (NSOL)
Stereo Vision Entertainment Inc. (SVSN)
Adex Media Inc. (ADXM)