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Mad Money: Skousen's Penny Picks
10/10/2003 12:00 am EST
Dr. Mark Skousen is a noted author, teacher, financial expert, newsletter editor, and economist. His stock picks are most often solid, long-term investments. On occasion, however, he offers highly speculative plays that should only be bought with what he calls "mad money". Here are two Canadian-listed penny stocks for speculators only.
"For the past two months, I’ve recommended
a penny stock, VRB Power (CA:VRB
Vancouver). Since then, it has risen from C$0.35 to
C$1.47 last month and has now settled down in the 85 cent range.
Some days the stock trades 3 million shares, astounding for a penny stock. VRB
Power is an energy storage company that has patented a battery energy storage system
that enables it to store electricity on demand. Naturally, such a
technology is extremely beneficial during a blackout, such as those experienced in the Northeast
and England. A building using VRB’s batteries could have remained lit and running, at
a low cost. VRB is a ‘green’ technology. To operate, its batteries use
plastic conducting electrodes, not gasoline, or oil generators. If you are interested, buy
gradually over the next few weeks, and buy on dips.
(In addition to trading in Vancouver, the stock trades under the symbol VRBPF in the OTC
"Our other ‘mad money’ position is Indico Technologies (CA:IND Vancouver). Over the past year, the stock has fluctuated between Can$0.28 and Can$0.90. For the past few months, it’s been trading between 43-50 cents Canadian, in expectation of some news about Clearant, the private biotech company that has developed a revolutionary way to destroy viruses in blood, plasma, and soft tissue transplants. Indico is a Canadian-based public holding company owning approximately 8% of the privately-owned Clearant. Clearant is expected to go public next year after it has signed up several multi-million dollar contracts with major pharmaceutical companies. It is expected to announce some major signings soon. I expect activity to pick up significantly with Indico this fall. For now, stay invested and patient."
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