To OTC Journal Members: 
 

Smokin' Sundays

For the next couple of months, it appears like the OTC Journal and Sunday Football are going to go hand in hand. I think I'm really onto something here. In case you haven't noticed, we are really doing very well with the Sunday ideas, and I'd like to keep it going. I might have one for this Sunday.

This week's idea: Nyxio Corp (NYXO), has broken out today to a new all time high. It's $.83 as I write today's edition. Picked last Sunday at $.64 for the second time, and we've made money on the stock both times.

That's a clean 33% in one week. No questions asked, no arguments, no discussions. The stock is $.83 on over 1 million shares of volume. My target was $1, but I can't say for sure if it will continue straight up, or pull back from here. Perhaps taking a partial profit is the way to go.

Between NYXO, AAGC, TKDN, and GCLL you have four big winners in a row. You have to go back to HHWW to find one that didn't make us money.

So, that having been said, let's see if I can go for five in a row.

Today is a bargain basement special. Attention KMart shoppers. I'm covering this idea long term, and the stock has traded just abominably since the end of July. I believe we found bottom, and it looks to me like it's time for a turn around.

If you're looking for a great penny stock idea that's ready for an oversold bounce, look no more:
 

Bering Exploration (BERX): Beaten Down, But Getting It Done

It's a round trip. This stock has been bipolar to OTC Journal members- sometimes treating us very well, and other times treating us the way a baby treats a diaper. Ever since the stock spiked at about $1.70 this past April, it's been all down hill.

It's a bit puzzling when you look at how well the company is doing. After all, in the past 40 days, the company has made some pretty robust announcements. On August 18th, BERX announced its Chicas Locas location has begun producing oil.

Here's the other items the company has announced since Mid August:

• A leasehold acquisition with potentially 1.3 million barrels of oil.
• A completion of the geological assessment of a property with potentially $120 million in reserves.
• The commencement of drilling at the same site with potentially $120 million in reserves.
• The commencement of drilling at a site with potentially .5 million in reserves.
• The commencement of drilling in Louisiana at a site with potentially 500,000 barrels.

Seems like an awfully busy company to me.

But, there's been a problem. While the company has been busy starting the process of harvesting all these hydrocarbons, the stock has been heading straight down. It kind of baffles me, but I guess once these smaller stock get headed in the wrong direction, the momentum can spook everyone out, and investors will sell indiscriminately.

Funny thing is, this stock has nearly completed a round trip from where it was last November when it started heating up, and it's a much better company today than it was back then. Today it has about 7 major prospects, all in some advanced stage of development. Three have been drilled on. One is producing regularly. Two others are going into production.

All-in-all, it simply makes no sense.

Today, after the market closed, BERX announced it has completed drilling their Sharp Heirs well in Louisiana to 7500 ft., and the preliminary analysis shows the well will produce 50 to 75 barrels per day. There you go- Sure, it's only $5,000 to $6,000 per day in revenues, and they only get a percentage of that money. However, it's a good start when one considers it's one of a number of prospective drill sites on the property.

BERX will be announcing its first revenues in Q3 of 2011- the quarter that ends next week. It will start out small, but it's just going to grow from there.

If you look at the chart, you see a stock that climbed a mountain and rolled back down to the bottom of the other side.

I believe the stock is very oversold, and is due for a bounce. There's probably an easy trade in this one back to a quarter. From this price would be a 66% return on investment.

I have written any coverage on this one for a while. I've been waiting for the bottom. I'm done waiting, and I'll calling it for a turn around from $.15 to $.25.

If you like beaten penny stock stories, this one is a a gem. Revenues are starting to come in. At $.15 you can set an SSL at $.13, and go. I suspect a nice bounce is inevitable.

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