Penny Stocks can make traders a ton of money due to the sizable gains in short period of time. Remember in the US penny stocks are considered to be those stocks trading for under $5.00. You can make just as much money, but a lot safer if you focus on penny stocks trading from $1.00 to $5.00. The 2 penny stocks to watch are MVIS and VLNC. They could both provide traders some awesome money.
VLNC – Up 9.85% in pre-market trading.
*NEWS* Valence Technology Signs Multi-Year Supply Agreement
Trade Idea – We like a long position at .88
Feb 2, 2009 MDB Capital Group Initiated Buy
Oct 10, 2003 CIBC Wrld Mkts Downgrade Sector Perform Sector Underperform
Aug 14, 2002 CIBC Wrld Mkts Downgrade Strong Buy Hold
Jan 26, 2000 CIBC Wrld Mkts Initiated Strong Buy
Valence Technology, Inc. develops, manufactures, sells, and supplies high-energy power systems in the United States and internationally. Its developed product includes U-Charge energy storage system, a suite of products based on proprietary lithium iron magnesium phosphate technology. The companys product has applications in hybrid and full electric vehicles, wheelchairs, scooters, robotics, marine, remote power, military, back-up, and other devices. Valence Technology, Inc. was founded in 1989 and is headquartered in Austin, Texas.
MVIS – Up 8.15% in pre-market trading.
*NEWS* No News
Trade Idea – We like an entry at $2.50
9-Sep-10 Stifel Nicolaus Initiated Buy
11-Dec-09 Oppenheimer Initiated Perform
6-Aug-08 Canaccord Adams Downgrade Buy Hold
6-Aug-08 Maxim Group Downgrade Buy Hold
19-Oct-07 Maxim Group Initiated Buy
2-Aug-07 Merriman Curhan Ford Initiated Buy
18-Jul-07 Canaccord Adams Initiated Buy
8-Dec-06 MDB Capital Group Initiated Buy
16-Mar-05 Delafield Hambrecht Upgrade Sell Hold
6-Aug-04 Delafield Hambrecht Downgrade Hold Sell
5-Jan-04 Delafield Hambrecht Initiated Buy
9-May-03 Rodman & Renshaw Downgrade Mkt Outperform Mkt Perform
3-Dec-02 Rodman & Renshaw Upgrade Mkt Perform Mkt Outperform
23-Aug-02 Rodman & Renshaw Initiated Mkt Perform
5-Mar-02 Ladenburg Thalmann Initiated Strong Buy
5-Apr-01 Josephthal & Co Upgrade Buy Strong Buy
25-Jun-99 Josephthal & Lyon Upgrade Buy Strong Buy
Microvision, Inc. develops miniature display and imaging engines based upon its PicoP display engine platform. The Company’s technology platform utilizes two dimensional Micro-Electrical Mechanical Systems (MEMS), lasers, optics, and electronics to create video or still image from a small form factor device. During the year ended December 31, 2009, the Company had launched the sale of a small accessory projector based on the PicoP display engine. The accessory projector can display images from a range of video sources, including cell phones, portable media players, gaming consoles, laptop computers, digital cameras, and other consumer electronics products. In March 2010, it announced the sales launch of the accessory projector to customers in the United States.
Make sure to add both of these stocks to your list of Penny Stocks. We do feel that these will provide traders with some nice cash on a 3 month hold. By the start of 2011 or the end of 2010 you should be sitting on some nice money!!!
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