TFN Reader Grapevine: Looking at penny stocks MLKNA, ENLU and SPNG
Today's Financial News - Posted June 12, 2009
TFN eNews reader C.D. thinks penny stocks MedLink International Inc. (OTC:MLKNA), Enerlume Energy Management Corp. (OTC:ENLU) and Spongetech Delivery Systems, Inc. (OTC:SPNG) are about to pop. See what YOU think…
by Laura Cadden, TodaysFinancialNews.com
Baltimore (TFN): If you’re a regular reader of TFN, you know we’ve begun posting some of the tips we get from readers. These companies are often the tiniest of volatile penny stocks and are therefore, not something we’d typically recommend.
Now, that being said, we recognize that maybe these folks indeed know something we — and Wall Street — don’t.
As these are not official TFN picks — the impetus for research is on you!
Here’s what’s come down the grapevine today from TFN reader C.D.:
MedLink International Inc. (OTC:MLKNA): Medlink creates software solutions for healthcare providers. This is one of the industry niches we’ve discussed at TFN as having potential and this company does seem to be rounding up affiliates. Worth taking a look at, I’d say. Shares are currently trading around 64 cents.
Enerlume Energy Management Corp. (OTC:ENLU): This company supplies energy saving solutions through products and management services. We were just debating the prospects for these types of providers here at TFN. I think they could be solid plays, Andrew Snyder pooh-poohs them. We’d love to hear your thoughts. BTW, shares of this stock would set you back about 28 cents each.
Spongetech Delivery Systems, Inc. (OTC:SPNG): A quick look at this maker of high-tech sponges shows that they just announced $6.4 million in sales for the month of June. Not bad for a company with a market cap of just over $129 million. It’s share price? Around 18 cents.
Many thanks, C.D.!
Got an opinion about these companies? Just leave a comment below this article.
You’re welcome to submit your favorite stock tip to us at memberservices [at] todaysfinancialnews [dot] com. Just one request: If you choose to contact us with a bit of grapevine… make sure you’re not too cryptic!
Next Article: Uranium One (TSE:UUU) has big news
4 Responses to “TFN Reader Grapevine: Looking at penny stocks MLKNA, ENLU and SPNG”
Your comments are welcome
Follow TFN via RSS or Twitter |
 |
 |
 |
Advertisement
Latest Headlines
- The Big Picture for Sinobiopharma, Inc. (SNBP)
- Beazer Homes USA, Inc. (BZH) and Hovnanian Enterprises, Inc. (HOV) up despite horrid housing news
- The FDA catalyst: 2010 moves in MannKind (MNKD), Roche Holding (RHHBY), Acorda Therapeutics (ACOR) show it still works!
- Steepest drop since Feb. 2009: Here we go again!
- Is the silver run over? Coeur d’Alene Mines (CDE), Silver Wheaton (SLW), Alto Group (ALTO), Hecla Mining (HL), Endeavour Silver (EXK) close down
June 12th, 2009 at 6:58 pm
SPNG got illegally manipulated today, lets hope the SEC actually steps up.
June 13th, 2009 at 10:40 am
SPNG was just picked up in a Reuters report and gave them an OUT PERFORM rating. Here’s the link: http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&bn=63817&tid=128974&mid=128974&tof=6&frt=2
June 13th, 2009 at 10:42 am
It looks like MLKNA has the coveted CCHIT certification and should be in line for some of the money from Obama for Electronic Health Records (EHR). My guess is that they will probably land contracts to help doctors and hospitals make their patient records transportable.
June 15th, 2009 at 1:52 pm
Excellent heads up on Medlink and Enerlume here:
http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_M/threadview?m=tm&bn=32123&tid=771&mid=772&tof=1&rt=2&frt=2&off=1