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JimVanMeerten (61.43)

3 Hottest Penny Stocks -- 13/31

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December 31, 2010 – Comments (2)

When I say hot that doesn't mean buy.  These are just 3 OTCBB stocks that I found on Barchart that have consistently hit new highs in the last 20 trading sessions.  If you're into technical analysis put them on your watch list and run them through your screening process.  If you're a fundamental investor better look at the companies' websites and find out what you can on the Internet.  But--please-- be cognizant that many of the Internet bulletin boards are used by churners that are either pumping a stock up or trashing it to bits while secretly holding a long or short position.  The OTCBB part of the market isn't for long term investors but is a fun place for speculators.

ALME - Alamo Energy -- an early stage oil and gas company, engages in the acquisition, exploration, development, and production of oil and gas properties. It owns a 75% working interest in oil and gas properties in Frio County, Texas; and a 16% working interest in oil and gas leases in Adair County, Kentucky. It also has farm-in and participation rights agreements in onshore oil and gas properties in the United Kingdom. The company is based in Houston, Texas.

1 - 96% Barchart technical buy signal

2 - 16 new highs and up  60.55% in the last month

3 - Relative Strength Index 83.31% and rising

4 - Trades around 1.76 well above its 50 day moving average of 1.1859

WLOC - Willow Creek Enterprises -- an exploration stage company, engages in the acquisition and exploration of mineral properties. It holds 100% interest in a mineral claim, known as the Lori/Mamquam property located in the Vancouver Mining District, British Columbia, Canada. The company also has agreements to conduct mineral exploration activities in the Dolly Varden South situated in Elko County, Nevada; and the Hercules properties located in Lyon County, Nevada. Willow Creek Enterprises, Inc. was founded in 2007 and is based in Las Vegas, Nevada.

1 - 100% Barchart technical buy signal

2 - 13 new highs and up 36.77% in the last month

3 - Relative Strength Index 82.77% and rising

4 - Trades around 2.13 which is above its 50 day moving average of 1.3871

COUGF - Cougar Oil and Gas -- an oil and gas exploration and production company, focuses on the exploration and development of onshore oil and gas properties in Canada. Its projects include the Trout properties located in north central Alberta; the Lucy project in the Horn River Basin in northeast British Columbia; and the CREEnergy project in north central Alberta. The company was formerly known as Ore-More Resources Inc. and changed its name to Cougar Oil and Gas Canada Inc. in February 2010. Cougar Oil and Gas Canada Inc. is headquartered in Calgary, Canada.

1 - 96% Barchart technical buy signal

2 - 13 new highs and up 65.25% in the last month

3 - Relative Strength Index 82.21% and rising

4 - Trades around 3.92 well above its 50 day moving average of 2.3112

Remember, these are not buy recommendations; just something interesting to put on your watch lists.


Jim Van Meerten is an advisor to Marketocracy Capital Managementwho uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or emailJimVanMeerten@gmail.com.

Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog. 

2 Comments – Post Your Own

#1) On December 31, 2010 at 2:33 PM, lemoneater (80.70) wrote:

It is interesting that the three stocks you mention are in energy or minerals. Energy and minerals seem to be volatile sectors overall except for natural gas in my observation. I cannot believe how high copper has gone and every time I turn around someone mentions some energy stock pick. It's almost enough to make one buy Clorox (CLX).

Have a very Happy New Year!

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#2) On January 02, 2011 at 3:21 PM, JimVanMeerten (61.43) wrote:

Just what's moving now

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