Profit Taking in Penny Stocks TGC, WYY, GSX

I have noticed in the recent weeks strong selling pressure for penny stocks and micro cap stocks. After doing research on earnings, news releases and the overall market I determined the only explanation was profit taking triggering sell-offs. I will list some penny stocks in this article that may be good buying opportunities due to sell off pressure.

Keep Your Eye on These Penny Stocks

Listed in this post are three penny stocks at inflection points with high expectations and excitement. The Penny Stocks are OMEX, WYY and CHIO. For more penny stock picks or websites consider clicking on the related articles provided by Google on the right hand side or the top of this blog. (Click to continue reading.)

Stock Market Week in Review

Goldman and Sachs took a huge hit Friday down 12.79% as the SEC charged the financial goliath with subprime mortgage fraud.  Goldman and Sachs marketed and sold a shorted bond mortgage fund to customers even though they knew that the hedge fund was betting against the bond fund. The investors of the fund lost millions. The Wall Street Journal also reported that other financial institutions will be charged as well. The majority of the financial sector was down today.