Speaking of hot penny stocks and moving stocks, there is one I noticed in scans this weekend: Rock Energy Resources, Inc. (OTC: RCKE). Let’s go back and look at what transpired last week…
Monday, Dec. 7 was a typical day for the stock of Rock Energy; the stock opened at .035, closed at the same price on unremarkable volume. In fact the stock, had been in a trading range between .03 and .05 (it rarely moved above .05) with not much volume for weeks.
This last Tuesday, everything changed; the stock traded well over 400K in volume and hit a high of .15 and closed at .09. By Friday, the stock closed at .20 on volume of 291K shares.
What is going on with this Company? There has been no news since 25 September. I looked at the message board at Investors Hub and saw that there were few posts on RCKE up until 8 December; certainly nothing to tip one off that something was up. But, on 8 December a prophetic post occurred. This person certainly expected the best for the rest of the week on RCKE and they got it.
I am not much of a DD man when it comes to trading stocks; however, I went to http://www.rockenergyresources.com/ and got a Go Daddy page and tried the link on their last news release and got the Plesk start page.
At this point, it appears the stock is running on some sort of rumor or filings or something? I also understand through my grapevine that there are a number of investors in China that are interested in this company- take that for what it is worth.
Disclosure: Everything above is my opinions with regard to any possibilities; I do not own this stock, nor was I compensated to write about it.
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How do I find these stocks like ” RCKE ” before it jumps from .03 cents to .20 cents ??
That is a very good question. It takes a lot of experience and hard work. When I was trading on a regular basis, I had a scan set up for “unusually high volume”, “stocks breaking above their 13 day moving average” and MACD crossover scan… when I combined these, it worked well to find these stocks. I am working on getting scans back to the site now…
I just added you to my Google News Reader. Keep up the good work. Look forward to reading more from you in the future.
Hey Tom ! Would like to talk with you! Cell is 3192408689 ! Hope to hear from you !
I added RCKE to my buy-list as of a few days ago. This and AAPH are two oil operations that could yield big time returns heading into 2010 and beyond!