Stocks to Buy April 8, 2009 4/8/09

Tuesday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for April 8, 2009. Also, check out the Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports - Right Here

Stocks to Watch - 4/8/09 - Stock Market Ideas


Short ETF's: Tuesday, we had the TALF auction come in lighter then expected which spooked Wall Street into thinking this TALF plan isn't working. The Stock Market is going down because of this news and the Short ETF's are exploding higher. Here is a list of Short ETF's to watch tomorrow if the stock market continues to fall.

Financial Bear 3X ( FAZ ) - If market is going up, play Financial Bull ( FAS )
ProShares UltraShort S&P500 ( SDS )
ProShares UltraShort Financials ( SKF )
ProShares UltraShort Dow30 ( DXD )
ProShares UltraShort QQQ ( QID )
Large Cap Bear 3X Shares ( BGZ )
Small Cap Bear 3X Shares ( TZA )
Mid Cap Bear 3X Shares ( MWN )
ProShares UltraShort Real Estate ( SRS )

Penny Stocks To Watch: I will be watching the following penny stock on Wednesday because they were exploding higher on Tuesday:

Adeona Pharmaceuticals, Inc. ( AEN ) - AEN exploded higher Tuesday, I will be watching to see if this stock can trade back above $1.00 tomorrow. See my AEN Article.

Biopure Corporation ( BPUR ) - Biopure received a Nasdaq listing notice so Tuesday's rise could be an attempt to get BPUR stock back above $1.00 for ten straight days. Worth Watching.

Pier 1 Imports ( PIR ) - Pier 1 Imports, Inc. reported earnings Tuesday. This is probably the stock I am paying the most attention to because if PIR breaks through $0.80 today or tomorrow, we could be looking at a retest of $1.00 resistance from the last run up several weeks ago. If PIR closes over $1.00, it could be headed back to the $1.50-$1.75 level. This was a $5 stock back in September 2008.

Other Penny Stocks to Watch Wednesday:

MGIC Investment Corp. ( MTG )
Asyst Technologies, Inc. ( ASYT )
Friedman, Billings, Ramsey Group, Inc. ( FBR )
Aurora Oil & Gas Corporation ( AOG )
Pacific Ethanol Inc ( PEIX )
Sunrise Senior Living, Inc. ( SRZ )
RAM Holdings Ltd. ( RAMR )
Silicon Graphics, Inc. ( SGIC )
La Jolla Pharmaceutical Company ( LJPC )
Cerus Corporation ( CERS )
The PMI Group, Inc. ( PMI )
Quantum Fuel Systems Technologies ( QTWW )
TXCO Resources ( TXCO )
General Growth Properties, Inc ( GGP )

Stocks above $2 to Watch:

MGM MIRAGE ( MGM ) - I continue to watch this stock now that we finally have a dip. I will look to buy MGM when if it breaks through the high of the day tomorrow after about 9:45am.

Dendreon ( DNDN ) - I continue to watch DNDN, if this stock can get back into the $7's, I will be interested again.

Also Watch:

Gaiam, Inc. ( GAIA )
Biogen Idec ( BIIB )
Textron ( TXT )
Lincoln National Corporation ( LNC )
The Mosaic Company ( MOS )

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks

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