CPOW, ECNG, AWSR, QTXB, GCHK, ASWRF, CCTR, CYCA, DDDC, LGDI

Welcome to Investor Soup. I specialize in providing traders with ideas on stocks that could move.

It is important to remember that I never fall in “love” with stocks.  I may “like” them for awhile, but penny stocks usually break my heart.  They are incredibly fickle.  The idea is to get in, get your profit and get out.

Enjoy my blogs, but make sure you sign up for my 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! Lots of opportunity for gains on Investor Soup.

Clean Power Concepts Inc. (OTC: CPOW) is up 158.06% to $0.800 on above-average volume. The company on Wednesday announced it has acquired established bio energy products manufacturer General Bio Energy Inc. (OTC:CPOW), ($CPOW)

EnergyConnect Group Inc. (OTC: ECNG) is up 32.50% to $0.159. The company reports its first quarter 2010 financial results on May 11 after the market close. (OTC:ECNG), ($ECNG)

America West Resources Inc. (OTC: AWSR) is up 27.62% to $0.134. The company this week said it has agreed to supply a major west coast utility company with compliant thermal coal mined from the Horizon Mine in a deal valued at $7.4 million. (OTC:AWSR), ($AWSR)

Quantrx Biomedical Corp. (OTC: QTXB) $0.320. The company has today announced that it has entered into a two-year agreement with VetRed BV for the European distribution of products developed by QuantRx (QN Diagnostics) for veterinary applications. (OTC:QTXB), ($QTXB)

Greenchek Technology Inc. (OTCBB: GCHK) is up 14.63% to $0.0470. (OTCBB:GCHK), ($GCHK)

Anglo Swiss Resources Inc. (USA) (OTC: ASWRF) is up 23.67% to $0.297. The company has today confirmed that all outstanding claims made by parties to an Option Joint Venture Agreement dated September 5, 2002 have been resolved. (OTC:ASWRF), ($ASWRF)

China Crescent Enterprises Inc. (OTC: CCTR) The company is scheduled to present an overview of an anticipated return on investment potential on May 10. (OTC:CCTR), ($CCTR)

CCTR is a mess.  It has been up and down and is subject to a great deal of hype.  It actually is a good company with revenues but it has been the traders’ plaything and is not to be trusted.

CCTR has come down to a very attractive level.  Watch it to see if it bounces off the next support level.

Cytta Corp. (OTC: CYCA) is down 3.45% to $0.0028 on a high volume of 43.78 million shares. (OTC:CYCA), ($CYCA)

Deltathree Inc. (OTC: DDDC) is down 9.11% to $0.199 following its first quarter results. (OTC:DDDC), ($DDDC)

Legend International Holdings Inc. (OTC: LGDI) is down 0.93% to $1.07. The company has announced that it has set a record date of June 4, 2010 for entitlements for the spin out of its diamond, gold and base metal interests. (OTC:LGDI), ($LGDI)

I really like LGDI.  I have for quite some time.  I have done both an alert on LGDI and blogged it and both times it delivered some solid gains.   LGDI is still a exploration company, but it is one of the best financed and best run companies in the mining sector.

LGDI may be down now, but it will not be down long.

I got an email yesterday  from one of my members (Jeff D.) asking me my opinion on what happened to Labopharm, Inc. (DDSS).  Jeff was at a loss to explain why DDSS’ shares dropped so preciptiously after getting FDA approval on one of their signature drugs.  In some ways, so am I.

Headlines like this one:

Labopharm Receives FDA Approval For OLEPTRO(TM)

usually means that a drug stock will rocket upwards.  Not in DDSS’ case.  The stock lost 40% of its value in just a few days.   Read full release here

You can see from the chart here just what I am talking about:

Stocks dropping on news of approvals is not uncommon ( see BDSI, NRIFF, PK and others), but it is still unexpected.   DDSS, the company, actually has a lot going for it.  It has income (no profits), cash in the bank, good ratios, manageable debt….and a big payday coming some time this year.  I have read where DDSS is in talks with several larger pharmaceutical firms regarding the commercialization of their newest drug, Oleptro.  I can only imagine the frenzy at DDSS offices as they take this surprise announcement and try and turn it into revenues.

I am not terribly surprised at the drop given the rise in the share price in anticipation of approval.  And, I am betting that DDSS will come back and come back strong.  Since I am a technical analyst, I will share one last chart with readers that backs up my contention.

This chart shows how volatile the stock has been and I think it is illustrative of the recuperative powers of DDSS.  You can see that the stock is trading within normal ranges and has shown great historical elasticity.  I would not be too worried about this dip and, in fact, would see this as a buying opportunity.  Having said that, there is support at $1.75 and $1.40.  I don’t think it will drop to those levels, but…you never know.

DDSS is both a short-term and a long-term hold.  In the short-term, I could see the stock regaining much of its recent losses.  It certainly seems like the sellers are out.  In the long-term, DDSS could be a “gold mine”.  I will watch with great interest for news on how they will commercialize this and what the financial ramifications are for the company.

I didn’t spend any time in this blog on drug pipelines and other pharma standards.  I expect that my readers will do their own DD.  Here is DDSS’s website link for your own research.

Trade like you mean it!

Jeffrey Dean

Editor-in-Chief

Note on 2/12/10:  DDSS is getting hammered.  The market did not like the news of their $20MM  offering.   DDSS blew through the $1.75 support and is headed down to the $1.40 level.  MIght be best to take an EVEN more cautious approach to this one.

I am still hanging on to my list of “Usual Suspects” and continue to hold the following penny stocks and small cap stocks on my trading radar:

VIVK - I continue to hold this stock in my own portfolio and am still bullish on its prospects.  The challenge this stock continues to have is to get anyone to care.   Stock Charts Link

LGDI - Still one of my favorites.  It has been a great trader since I first alerted members to it back in mid-2009 with the latest 100% gain making my readers and members very happy.  The company continues to execute on its plan and with the strengthening of the underlying commodity price (Phosphate), things look good for the company.  Stock Charts Link

BYSD - I bought in when I first alerted members to it and watched it plummet the next day.  I hung in because I believed in the stock.  It has recovered, so I am sitting on a profitable trade.  I like the chart and I will give it a few more days to see what transpires.  I have put in a stop loss to protect my gain and I am feeling good about the stock.  Stock Charts Link

RZ - I profiled it last week and said that it would continue to fall (and, it did).  I also said I was looking for a bounce (and, it did).  Yesterday, it advanced quite well and this might be the turning point that I was hoping for.  Stock Charts Link

ZAGG - Chart of the Day

I’ve twittered and blogged this stock this week.  Will ZAGG return to past glory?  The chart setup is certainly in its favor.

Long BYSD and VIVK

Good luck and good trading,

Jeffrey Dean

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DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Neither InvestorSoup.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication (with the exception of VIVK, LGDI and BYSD, which are subject to expired agreements). The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

I myself have trouble keeping track of all of the penny stocks and small cap stocks that I am watching, have blogged or issued alerts on.  I am trying out a feature that will be a part of my site going forward (I hope).  I want to list the stocks that I am following…. a watch list, per se.  These are stocks that I think that traders should be aware of.  Some continued to drop after I profiled them, but still present a good opportunity and other are on the “launching pad ready to take off” IMHO.

Without further ado:

VIVK - Vivakor, Inc. is one of those stocks that has been very frustrating.  I still like the company (here is a link to my original blog), but have seen it slide gradually from 14/15 cents at the time of my blog to as low as 12 cents.  It has recovered and closed yesterday around 14 cents.  VIVK still has great promise, but it is getting hammered by market conditions and trader apathy.  Here is a link to their chart.

CMIN - Constitution Mining is another of those frustrating picks for me.  I like the company, it has issued positive news, but it continues to fall.  So much so, in fact, that my trading stop got triggered and I sold out of my stock yesterday.  I am going to continue to monitor it to see about getting back in.  I still like the company (read my blog) and here is a link to a detailed chart for CMIN.

BZH - Beazer Homes, Inc. is a stock that I haven’t blogged, but came across yesterday doing my stock screens.  It has had a strong bearish run, but could be poised to recover.  They are a home builder (one of the biggest) and they have managed to stay in business, service debt and continue to build houses.  They should get a medal for that!  With bad news in the housing sector, they have taken a hit.  I think they can recover.  They look to be building a base at current levels (around $4.07), but any break below this price and it should be avoided.  Here is a link to BZH chart

LGDI - Legend International has been a good trader for Soupies (I even made some good profits trading it myself).  After my second blog on LGDI at 75 cents, the stock ROARED to a high of $1.60.  The stock has given about 25% of its value back recently, but now looks primed to resume its upward march.  It has been named on several lists as a “stock to watch” for 2010 and I am in agreement.  Here is a link to LGDI’s current chart.

AOB - Yesterday’s blog topic and a “great trader”.  Link to AOB’s blog right here!

I will add other stocks to this list as I think of them.

Disclosure: Long VIVK

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DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Neither InvestorSoup.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

Here is the link to my writeup on LGDI:

I have been high on LGDI ever since I first blogged it in early September.  I still can’t understand why it is only trading for around 85 cents.

http://investorsoup.com/2009/11/lgdi-is-a-legend-in-its-own-time-you-really-need-to-look-at-this-one/

NO premarket orders, but take a look at this one!

Back in early September of this year, I was doing my usual stock scans and came across a very interesting company.  I did a little research and found that I liked the company A LOT.  I blogged it, said to watch it because it was going to go up.  Guess what?  It DID…..a lot in fact. The price was around 60 cents when I first blogged it on the InvestorSoup.com website and in the matter of 10 days it reached a high of $1.11.  For those keeping score at home, that is an 83% gain! continue