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AwesomePennyStocks (APS) Will Announce Their Next Pick Any Day Now. So What If I Know What It Is??

|Includes:BillMyParents, Inc. (BMPI)

As usual the internet is rife with rumors of that the next APS stock pick is going to be; since the huge success stories of SNPK, NSRS and GWBU investors are on the lookout for the next APS pick so they can scoop up shares on the cheap before everyone else finds out about it.

A recent APS speculation play was GBEN which looked and traded nothing like an APS pick. Like APS speculation plays before it such as RARS or AWSR the stock has gone nowhere fast.

If I was going to look for the next AwesomePennyStocks or StockMarketAuthority (APS) pick I would speculate on stocks such as Chimera Energy Corp. (OTC: CHMR) or BillMyParents, Inc. (OTC: BMPI)

Chimera Energy Corp. (OTC: CHMR) has exploded in the last 2 weeks in price and trading volume from a start point of $0.50 to recent highs over $1.70 per share. There have been some fairly steady press releases as well as good liquidity but for the most part CHMR has remained undiscovered by the investment community.

A closer look at the Company tells you Chimera is newly formed on the OTCBB with little debt a few $100k in assets and minimal revenues to date. On July 9th they did a 4 for 1 forward split to get the total 66M shares outstanding. The young CEO, Charles Grob remains the sole officer of the company and currently controls 40M shares. Also the Company did several rounds of financing over the past few months. 1 for 5M shares to a group of investors for $75k pre split (that group of investors now owns 20M shares post split - certainly an indicator that there could be a huge promotion coming here)

BillMyParents, Inc. (OTC: BMPI) just started trading as BMPI 2 weeks ago after the reverse split and name change to BMPI from SCLW. As of yet there has been no press releases and little signs of promotion although I smell one coming. To get a hint of the promotion to come one only has to read the pr announcing the name and ticker change from SCLW to BMPI, it says:

"Headquartered in San Diego, CA, BillMyParents recently received $7MM in investment funds, enabling the company to boost the significant brand momentum coming off of their recent exposure on MTV's hit reality show "Rob Dyrdek's Fantasy Factory" and their first nationally-aired television commercial on ESPN. The Spend Smart card from BillMyParents is now available, providing a unique and powerful way for teens and their parents to learn how to spend smart. With instant feedback from real-time text alerts, instant load and lock and unlock features and more, high parental visibility of teen account activity allows for important teachable moments"

While I am certainly not saying that CHMR or BMPI is APS or SMA next pick they are certainly good candidates and either could be. As for playing APS picks; if you can't short them and want to play them long just make sure you don't buy them until after they are officially announced and take your profits early.

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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: BMPI