Moo River Watch on Penny Shares (2009-2012)

This is where I will keep up an Moo River Watch on penny shares in the London Stock Exchange, with a view that we are going to enjoy a 1-2 year bull market. If you have any hot pennies, please leave your recommendations in the comments section and I will check them out and publish the Moo River Watch on them. Good luck.

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Moo Penny to be watched list (shares to be studied)


AEX
Ascent resources plc
Border & Southern Petroleum
BYOT
CBOX
CHAR
Desire Petroleum
DWY
EML
GLB
HCL
HGM
ITM
JJB sports
JLP
KDD
KMR
LGO
LND
MARL
Max Petroleum plc
Moni
MWB Group Holdings
NWT
OEX
OXS
PDF
Pengea Diamonds
PINN

Rochopper Explorations plc
RXP
SHG
SLE
SLV
SNS
sxx
Uniq plc

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Penny Watch List (those that we watch and wait for an opportunity)

Spice Plc

market info: Current price 80.62 pence, market cap 277m (well over 100m limit)
fundamentals: solid growing utility company;
III forum: very cold.

Renko Study

Yearly: down and not stopping;
quarterly: we are bouncing up;
Daily: almost a reversed Head and Shoulder Pattern.

Moo river watch:

Daily price chart: a useful break out from 78 pence and a possible upmove to touch the upperbank of an upstream moo river, but there is no 50% range there.

So watch it for now, but it is extremely cold! Can someone enlighten me what was the cause for the collapse of the share price last year!

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Moo Penny trading list (those that I have bought)

General trading rules:

1. never average down, one shot at a penny share at a time;
2. be in and out as diligently as possible, as they swing a lot, and every penny counts there;
3. minimum profit target: +50%.


ACTA: 14.7 p
(interesting green technology play, high risk, but might have imminent newsflow in October. Not for the faint hearted)

Moo river watch on 21st September 2009

Yearly: if you look at the fib levels, we have bounced off the bottom, but we have not yet reached any significant fib levels at all, like 42 pence for 23.6%; 66 pence for 38.2% etc;
Quarterly: we managed to slither ourselves out of the ongoing bear market downstream moo river in Q1 of 2009. While price did not move much, but time heals the bearish momentum. We based ourselves for the last few quarters and in this quarter, we started to move up based on a continuous gathering of bullish momentum. An initial price target could be 53 pence;
Monthly: if you look at the momentums, they are gathering strength and price might have a target near 37 pence or 42 pence, bollinger upperband.
weekly: this is what interests me the most, as I think we can tentatively draw an upstream moo river, with a break of 29 pence to take us to the upperbank near 36 pence.

CAL: 37.56p;
(Capital and regional (CAL)quarterly: we are meandering across in the downstream moo river;weekly: we had a big blip up and then tanked down, probably because of capital raising;daily: I am playing for this big gap on the way down from 90 pence to 78 pence. The shape of the lower bollinger band does look like a potential W to me. Let's wait and see.)


Camco International: 29.2p;

It was born a star and now a fallen star. But recent movements on the charts seem to indicate that this star might be reborn into the right more environmentally friendly political atmosphere. If this one does decide to go, it could be a shooting star. It looks about to start a Wave 3 run, which could be useful.



INGG: 10.7p;

JRVS: 22.92p (made 1k in the first go, this is the second go);

MDC: 1.17P;

RENE: 7.25P.
(Reneuron Plc--- 6.5p Mkt Cap 19.1mReNeuron group plc is Europe's first publicly quoted stem cell company, with a world-leading focus on somatic stem cell therapies. ReNeuron has recently received approval from the UK Medicines and Healthcare Products Regulatory Agency to commence a first-in-man clinical trial for the treatment of patients who have been left disabled by an ischaemic stroke, the most common form of the condition--by my friend Bombdil)


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Moo Penny winner's list (those which have achieved +25% or more profit)

1. Jarvis Plc +33.3% (not quite 50%).
2. Ascent Resources +25%.




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Moo Penny Ignore list (those that I have studied and ignored)


Davenham;
ENEG
European Nickel;
Heywood Williams Group;
Hot Tuna;
Millwall holdings;
Northgate Plc;
Raymarine;
Speedy hire;
Tower Resources;
Unitech Corporate Parks;