4 Cheap Stocks to Watch This Week: JOEZ, IMSC, ESPH, HHSE

After a putting up a terrible start to the week let’s see what the markets can do to reverse the downward trend.  Maybe Alcoa’s earnings report will turn investor sentiment around as many were not expecting much this quarter.  Here are 4 cheap stocks to keep an eye on:

Implant Sciences Corporation (Pinksheets: IMSC

Trading volume for shares of Implant Sciences has been trending higher this week, and the stock is up over 70% in the last 20 days as the company adds numerous new members to its executive team. The Company announced this week that the Colombian National Police has selected Implant Sciences explosives trace detection equipment as part of the security plan for the Summit of the Americas.

One big contract could be all this one needs to take off. The new hirings could be an indication that the company is pushing to ramp up business, so it could be one to at least keep on the watch list and wait out some dips.

Joe’s Jeans, Inc. (NASDAQ: JOEZ)

One of the best penny stocks in the last 6 months, JOEZ has been jumping around in the last few trading sessions.  The Company is due to report earnings on Thursday and give some guidance on what the Macy’s deal could bring to the bottom line.  If you are a risk taker, this could be a decent bounce play.

Ecosphere Technologies, Inc. (OTCBB: ESPH)

ESPH is  water engineering, technology licensing and environmental services company that designs, develops, and manufactures waste water treatment technologies for a variety of industrial markets. The company provides environmental services and technology solutions for large-scale, sustainable applications across industries, nations and ecosystems.  The stock has been bouncing between .60 and .70 for the last few months and closed down today.

Hannover House, Inc (Pinksheets: HHSE)

The stock formally known as TDGI didn’t see much action today with light trading volume and closed down 3%.  Howver after gaining over 70% in the last 30 days it is probably due for a cooling off period.  The Company reported last month that revenues for 2011 grew from 2010’s total of $911,422 to $4,319,087 for 2011, and bottom line (pre-tax) profits grew from $404,559 in 2010 to $1,400,684 for 2011.

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