Penny Stocks to Watch for September 3: (HEME, RPRX, WFSV, NSMG, ALTI)

September 3rd, 2010 at 8:02 am Posted by

The Dean will be keeping an eye on these five penny stocks to watch for Friday, September 3, 2010:

HEME $0.165 -4.62%
HealthMed Services Ltd. (OTC: HEME) is an innovative software development company focusing on information technology products in the healthcare industry. After market close Thursday, HEME announced it has entered final negotiations to acquire all rights, title and interest to Neural Communicator software and hardware. Neural has developed computer interface devices and software designed to enable people with disabilities to communicate.

RPRX $0.58 +13.73%
Repros Therapeutics, Inc. (NASDAQ: RPRX) a development stage biopharmaceutical company focusing on the development of oral small molecule drugs for the treatment of male and female reproductive disorders. Yesterday, RPRX shares gained nearly 18%, and traded more than its 3 month average volume on no news.

WFSV $0.29 +65.71%
According to the Company’s website, Worldwide Food Services, Inc. (PINK: WFSV) has established an international marketing and distribution system for food and beverage products for the global economy. WFSV has numerous wholly-owned subsidiaries, partnerships, joint ventures, and strategic alliances, “to facilitate and service these markets.” Whatever the case may be, WFSV traded 93,579 shares, or 10 times its 3 month average volume on no news since last week.

Hurricane Penny Plays:

NSMG $0.005 +13.64%
National Storm Management (PINK: NSMG) reportedly “works closely with insurance companies, and is recognized by all major providers including State Farm, Allstate and Farmers, among others, to ensure an efficient storm recovery process from start-to-finish.” Just as The Dean saw speculative potential in Taylor Devices (NASDAQ: TAYD) with the turmoil created by the earthquake in Haiti earlier this year, NSMG could see some excitement over the next few days. NSMG This, however, may have more to do with how much attention is brought to NSMG as a “hurricane penny stock,” opposed to how detrimental the effects of Hurricane Earl actually are.

ALTI $0.53 +18.18%
Altair Technologies, Inc. (NASDAQ: ALTI) is a leading provider of fast response battery systems technology. The Company’s lithium-titanate battery systems are among the highest performing in the world. Trading more than 5 times its 10-day average volume, ALTI shares gained as much as 34% yesterday.