PENC.ob on Target. Check Out SKNN.ob

I was almost right on. PENC.ob nearly hit $1.20 Thursday. I'll settle for $1.19 and a retrace back to $1.18.

If trading picks up here today like it did late last week, I like our chances of going higher. The stock appears to be immune to the sickly nature of its broader industry (oil & gas), so who knows ?

While you're at it, check out SKNN.ob, the stock roared up nearly 160% Thursday on more than 1 million shares traded.

Pretty cool concept if nothing else. These guys could be on to something from a product standpoint and apparently just arranged a credit facility to help them take orders during the upcoming holiday season. They also moved their office out of Manhattan and into NJ. Heard a bit about the company from a friend and plan on learning more.

If the stock dips below $.05, I'll be very tempted here. In the meantime, I plan on taking a look at the filings this weekend. I'll let you know if anything jumps out at me. I'll also look into picking up a pair.