Tuesday, March 9, 2010

Penny Stock Update LMLP, IRLD, XFN, TCX

This blog report lists various penny stocks that I highlighted in my blog posts in the past few months That provided high returns for investors. Some of these stocks I picked and others I just felt they had an interesting business model. In this post I will highlight some reasons that may be attributed to the increase in stock price.

To find more penny stock reports or penny stock picks click on the related links provided by Google at the top of this blog or on the right hand side.

Current Price: 2.51 Pick Price: 0.78
Return: 221.79%
Pick Date: November 30, 2009

Since my blog post the stock has gone up 221.79% and is currently trading at 2.51. The price went up due to increased volume and popularity as various websites began reporting uptrends and unusual volume. The stock also regained its compliance with NASDAQ easing investor’s fears of delisting.

Current Price: 0.90 Pick Price: 0.44
Return: 104.55%
Pick Date: November 25, 2009

The stock price is still trading below a dollar and could possibly still have upward momentum.  The increase is due to the successful raising of much needed capital to continue their exploration efforts. IRLD also reported successful drill program results in Nevada and states they are still on schedule to begin exploration in their second quarter.

Current Price: 1.27 Pick Price: 0.68
Return: 86.76%
Pick Date: December 8, 2009

XFN received nearly 5 times its market cap in stimulus money for broadband incentives at my pick price. A portion of the money is in the form of a loan but for a stock to receive that much money for investment is huge. There has been a lot of volatility in the stock price and there is still uncertainty of what is to come.

Current Price: 0.83 Pick Price: 0.54 Fair Value Estimate: 0.89*
Return: 53.70%
Pick Date: November 9, 2009
*The stock price is close enough to my fair value estimate to consider it reached it. Although the factors I used to calculate that fair value could have change and the fair value may be higher or lower.

TCX announced a $10 million stock buyback program and reported an increase in profits for their fourth quarter.  libertyanalyticsco.com began following TCX in February which could also explain an increase in volume as the penny stock is getting more attention from micro cap research firms.

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  6. Penny Stocks may trade infrequently, which means that it may be difficult to sell Penny Stock shares once you own them. Because it may be difficult to find quotations for certain penny stocks, they may be impossible to accurately price. Investors in penny stocks should be prepared for the possibility that they may lose their whole investment.