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3 Penny Stocks To Watch Include Patriot Scientific Corp ( OTC: PTSC), LuxeYard, Inc (OTC: LUXR) And Chimera Energy Corp. (OTC: CHMR)

|Includes:Patriot Scientific Corp. (PTSC)

Patriot Scientific Corp (OTC: PTSC) also trading on the Frankfurt exchange under the ticker symbol: PQE the owner of the valuable Microprocessor Patent™ Portfolio used by Companies such as Intel and Hewlet Packard finally looks as if it might regain some of its previous highs near $2 per share back in 2006.

If the rumors hold any merit then they are winning their battles in court and may just be in for a significant settlement. The stock has certainly been on the upswing in recent sessions moving from lows of around a nickel to a recent price of $0.16. Keep PTSC on the watch list here; this company has extremely valuable patents and the stock is way under priced considering the potential here.

LuxeYard, Inc (OTC: LUXR) is a stock that anybody with an eye on the OTCBB in recent months knows well. It reached highs of $2.25 per share earlier this year on the back of a multi-million dollar online and hard mailer promotion.

As I predicted back in the day when LUXR was still trading close to $2 per share the stock would crash and burn soon enough once the promotion dollars ran dry. Sure enough, LUXR dropped back over the past few months and hit lows of $0.12 last week. Since hitting those lows the stock has been in a steady uptrend marked by increasing volume. Currently trading near $0.20 the stock could certainly go much higher in the short term!

Chimera Energy Corp. (OTC: CHMR) has only been trading on the OTCBB for several months but the stock has already seen some huge fluctuations in price. Starting at around $0.50 the stock reached highs near $2 per share several weeks back and collapsed at the end of last week to lows of around a Quarter.

Now trading back over $0.50 CHMR has launched a new online and hard mail marketing campaign that is once again driving huge volume into the stock at higher prices. Currently trading at $0.75 I would be careful with this one. It will collapse just as fast as it has risen. is quickly becoming the preeminent destination for up to date information on the hottest stocks in Penny stock World

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

Stocks: PTSC