Given recent price action in Kongzhong Corp. (NSDQ: KZ), we are moving it from our Next Wave portfolio to Equity Trades as we feel it is now oversold and represents an attractive speculative play on the online gaming market. Two weeks ago the company paid a special cash dividend of $0.88 per shares, but even that only temporarily bolstered the stock price. We still like it and think it could bounce back up to $8 quickly once the current selling is over. 

Buy KZ up to $6.00 as a short term speculation

We are also moving penny stock OmniComm  Systems (OTC: OMCM) into the Equity Trades portfolio as we feel the earnings report it released earlier this week should attract more attention to the stock. After posting negative earnings in the previous quarter, the company returned to positive earnings on increasing revenue. It may be a while before the stock breaks through its long term resistance level, but it once it does it could move quickly. Keep in mind this is a penny stock, so use limits when both buying and selling it.

Buy OMCM up to $0.25 as a very speculative play