Watch list for 7 NOV 2016

 

***I AM VERY NEW TO THIS SO PLEASE REPLY WITH YOUR IMPUT***

NVAX

• Nov 9 3Q earnings coming out

• Nov 4 first up day in a week

• Vol 15mil

• News says that the earnings are coming out on the 9th of november but the earnings are supposed to lose .26 per share and over $4 mil in revenue.

• This stock rated 69 on the SSS scale. It has support around $1.43 based on friday’s movement. $1.52 is the target to breakout of friday’s high. Current price is $1.48 after hours. This means that the potential loss is $0.01 higher than the potential gain until breakout. Not a great risk/benefit ratio. But I will watch it for breakout or dip.

BAS

• Volume 2.6 mil

• Support for friday was $0.43, high was $0.50ish but its last semi-spike was $0.45 and it is currently at $0.4450 which means to me that it has a bit more to lose than it has to gain. This stock has also had recent news on low liquidity a few days ago...https://finance.yahoo.com/m/2fff8854-95f6-3682-910f-d5dfdeefc8dd/ss_moody%26%2339%3Bs-liquidity-stress.html so i will be watching for a breakout or dip. Over all it has been uptrending in November leading up to elections but this is an energy stock.

• My plan is to dip buy at $0.43 if the volume is good and it starts to recover. Or i will wait until it breaks $0.45 and buy into the spike, selling off around $0.50 for an 11% gain.

• The safest option would be to wait until this stock breaks out above $0.50 and buy into the new high.

MEMP

• This stock looks broke and got smashed at the end of last month. We will see what it does but i dont trust it at all.

CASC

• A therapeutics company that is looking into breast-cancer research. There has been no good news for almost a month but it is beginning to make gains after a massive plunge so I will keep it on my watch list to see what happens.

MJNA

• Elections!!!!! Nov 8

• This stock has been pumped for the upcoming elections. On Nov 4 barcharts.com reported that this stock had a 100% buy recomendation. Found through http://stockreads.com/Stock-Newsletter.aspx?id=89430

• This stock has made some good little runs last week. I will be watching it for more pumps this week as we go into the elections but I will not hold anything over-night into Nov 8.