Borrrrrriiiiingg out there today: Only 4 penny stocks to watch — What happened to the penny stock promoters? You know, these guys. Not much going on right now with most attention being paid to the swine flu penny stocks, but there’s nothing technical about the charts on those plays that I really like…yet. Setting up to be a pretty boring Thursday in penny stock land with only a few possible trades, if and only if they cross the mentioned price points. None on the watch list are buys, just possible shorts.

ABR is a nice multi-day penny stock spike –possibly due to accumulation before earnings are reported on May 7th. Can’t really see how earnings would be any good considering its a Financial/Real Estate Trust. This company’s financial statements make me cringe when I look at them..loss of 81 million, Cash of 800k, and Debt of 2 Billion.

Penny stock promoters do exactly that: promote penny stocks. These promoters claim there will be 100%-1000% Gains! They send out daily emails after email explaining why symbol XXX is gonna go up 1000%. They’ll even send of faxes, make phone calls, etc.

Don’t fall for any of these stock promoters gimmicks as many of them are outright scams. The penny stocks that these sites promote and hype are your common Pumps & Dumps. If you’ve read my FREE eBook you know that I make my money shorting hype and manipulation in penny stocks that are caused by pumps and dumps. So while you shouldn’t trade a penny stock right off the bat that is mentioned by these promoter’s emails, etc there is money to be made after the pump and hype fizzles off.

I’m providing these links to make you aware  if a certain penny stock you’re watching/trading is

Penny Stocks: The Worst Investment You Can Make

by Alexander Green, Oxford Club Investment Director

Due to the magnitude of the recent bear market, we’ve been able to buy a lot of fine companies for less than $10 a share. Many of them are already trading considerably higher.

Yet some readers want us to go all the way down to the cellar. “Why don’t you ever recommend penny stocks?” one subscriber asked. “After all, it’s easier for a 50 cent stock to go to $1 than for a $50 stock to go to $100.”

For starters, it’s not.

Over the years, dozens of studies have shown that lower priced stocks don’t do better than higher priced stocks. In fact, they do considerably worse.

Ironically, while it’s not easy for a 50 cent stock to go to $1, history shows that going from 50 cents to zero is like falling off a