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Vringo (AMEX: VRNG) Profit Alert

In my view, the penny stock world has changed for the worse. I'm kind of an old school guy- I have a bit longer term view on investing in these kinds of stocks, and have never made any real money trying to clip a couple of cents of a heavily promoted stock. I've always found the most money is made when investors take a position and wait for breakouts.

I'm also not opposed taking a profit when one of at least 25% comes my way in the short term.

However, I've written a number of editions on Vringo (AMEX: VRNG): the video ring tone company- In fact my first edition on this company was written nearly a year ago when the stock was $1.40.

Yesterday, VRNG touched off $4.10- gain from the first edition- 193%.

The May 1, 2011 edition was entitled "Watching My Cell Phone Ring". If you're interested in finding out what I wrote way back then, just click on the date, at that edition will miraculously pop up in your browser.

The time to really have jumped on this one was when they released one of the coolest APs I've seen- their Facebook Video AP, which allows to users who are conversing on their smart phones to view each other's Facebook pictures while talking. I was really impressed with the revenue model- you could get the AP for $2.99 for life, $.99 per month, or free if you were willing to allow advertising on your phone. I would have opted for the life version.

The stock has been red hot of late, and if you've had the fortitude and foresight to hold it, now would be a great time to lock in either all or partial profits. Their recent merger with Innovate/Protect, a patent holder with a penchant for suing the likes of Google, AOL, Ineractive Corp, and a few others, has brought the company some notoriety.

More importantly, the merger served to unseat a rather inept CEO who had held the company back. Take some profits, and reload on a pullback. This is a great long haul situation.

This is my 2nd profit alert on VRNG.

Froggy (OTC BB: FROG) Is Hopping Again

Looks like the FROG is back in play, and I would bet there could be another 20% move in FROG before the stock heads back down. It's likely entitled to head back to the 50 day moving average of $.22 but these things can be hard to predict.

When I first covered the FROG back on January 11, the stock rewarded us with a quick 40% move. However, at the time it was a $.25 stock that found its way up to $.40, and now it's a $.17 stock.

FROGads is the first commercial version of the venerable Craig's List with a few wrinkles, and their site has been gaining traction throughout the course of the year. The site is gigantic, which demonstrates to me the company is really committed to doing something big, but we're a ways from significant commercial success, which is why it's a $.17 stock.

I've been disappointed in the pullback of late, because in the early going this one really seemed to catch the attention of investors. Perhaps the stock was too hot too early.

However, as you can see from the chart, this one is coming up off the canvas and springing back to life.

Lest there be any doubt this company is committed to real attempt at success, take note of their recent news. The company hired smokin' hot Pamela Anderson as their national spokesperson- yes- I'm sure she was hired for her reputation as a proponent of online ads, and her looks had nothing to do with it.

Nevertheless, the company is starting to advertise its site on CNBC, and that shows resolve.

Who knows- this might back and fill a bit, or it might keep going up. Keep an watchful eye- it's volatile.

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