RRI, DCP, PALM, BHWX, WEL, AIG, DBTK, JAV, ECOB, BLUG

This is today’s list of stocks that are “UP” for the day.  Whether driven by news, chart or promotions, I am sharing them with you to give you some trading ideas.   My comments are highlighted by the quotation marks and I focus solely on stocks under $5.

Keep in mind that blogs are only part of what I do.  I send out periodic alerts on micro cap and penny stocks.   When you sign up for alerts from my site, you will receive stocks from 1 cent to several dollars.  My focus is finding small cap and micro cap stocks that look like they are ready to move.  Sign up today! Just this week you missed AGCZ which was up 420%….yeah, 420%

RRI Energy Inc. (NYSE: RRI) $4.48 +13.42% RRI Energy shares rise on merger news (NYSE:RRI), ($RRI)

The same blog that I had profiled PALM (see below), I profiled RRI (click blog link).  I called my blog “making a silk purse out of a sow’s ear”.  My premise was that these stocks were beaten down and did that make for a trading opportunity.  I am proud that I gave RRI a “Buy”.  I thought the company wouldn’t be down long.  I didn’t know that it would merge, but still it is a solid company and this merger will only make it stronger.

DynCorp International Inc. (NYSE: DCP) $17.50 +48.98% DynCorp International to go private in a $1.5 billion deal with Cerberus Capital Management (NYSE:DCP), ($DCP)

Palm Inc. (NASDAQ: PALM) $6.08 +17.83% Palm hires investment bankers to get bids for the company-Report (NASDAQ:PALM), ($PALM)

In my last blog on Palm, I forgot to take into account the possibility that PALM could be sold.  As a trading stock, it has little value…as an acquisition target, it has lots.  Whoever buys Palm is going to have a mess to clean up th0ugh.

Black Hawk Exploration Inc. (OTC: BHWX) $0.590 +15.91% Black Hawk Exploration announces $1.2 million exploration plans for the spring and summer of 2010 on its Gold and Silver Dun Glen Properties (OTC:BHWX), ($BHWX)

One of my favorite alerts from 2009.  It performed well for my members, but I remember thinking that this company could really be a player.  They play the press release game well, they have an interesting story to tell, etc, etc….  It will be interesting to see if they can continue this momentum.  The old wisdom of waiting for the second breakout might make sense here.

Boots & Coots Inc. (AMEX: WEL) $2.94 +24.89% Boots & Coots rising on acquisition deal with Halliburton (AMEX:WEL), ($WEL)

Not too much to report here.  The buyout value has already been burned into the stock price.  I will just miss that cool ‘Boots and Coots” name.

American International Group Inc. (NYSE: AIG) $39.57 +3.75% Treasury may lower stake in AIG, Bloomberg reports (NYSE:AIG), ($AIG)

Double-Take Software Inc. (NASDAQ: DBTK) $9.64 +10.65% Double-Take Software lowers Q1 guidance; receives unsolicited bid to be acquired above current trading prices (NASDAQ:DBTK), ($DBTK)

Javelin Pharmaceuticals Inc. (AMEX: JAV) $2.16 +61.19% Javelin terminates merger agreement with Myriad Pharmaceuticals; receives higher takeover offer from Hospira (AMEX:JAV), ($JAV)

The ship has sailed on this gain.  The happiest people are those who had suffered with JAV while it limped along for the past 5 months.  The stock is back to around its 52-week high.

EcoBlu Products Inc. (OTC: ECOB) $0.440 +28.65% EcoBlu shares rise following corporate update release (OTC:ECOB), ($ECOB)

This is a heavily promoted stock, but since “penny stocks don’t move without promotion”, I am inclined to forgive them.  Watch to see if it can maintain its momentum.  It has a long way to go to get back up to its price at the beginning of the year.  They appear to have real products, real markets and real customers.

The stock is sitting on its 50-day MA (click on Stockcharts link) and lagging indicators are turning favorable.

Blugrass Energy Inc. (OTC: BLUG) $0.290 +48.72% Blugrass Energy enters into participation agreement with Petro Grande to commence drilling on two Canyon Sands locations (OTC:BLUG), ($BLUG)

Not the best ticker symbol in the world, but a solid company.  They have a philosophy of going to wells and fields that are already producing.  They want revenues and cash flow now…not later.  An interesting little company.  I am guessing they will give much of this gain back over the next few days.  Be careful!

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