7/13/16 Watch

 

Stocks go in order from what I like best.  Spent 4 hours tonight on this.  There better be a runner tomorrow.

 

TEAR, $.75, +20%. Volume 2.8 mill, Relative 24.73. Float 53 mill. RSI 61. MACD Crossing.  News catalyst today.  Looking to buy above Tuesday high of $0.80.

 

AMPE  $1.04, +9%. Volume 1.8 mill, Relative 2.33. RSI 17.85 and curling upwards.  Stock had a big drop from $3.50 to $0.84 due to trial not meeting final endpoint.  First nice green candle since 6/30/16.  I see this popping tomorrow and would like to get in at $1.06 over Tuesdays high of $1.05.

 

CASC  $1.22, +16%. Volume 3.1 mill, Relative 2.78. Float 124 mill. RSI 67.  Billionaire investor Seth Klarman bought 25 million shares at $0.94 on June 30^th.  I think people are finally starting to catch on to this.  “Klarman is one of the most followed and least communicative value investors. His classic book, "Margin of Safety," chronicles his penchant for undervalued stocks and extreme patience.”  This is probably a buy and hold stock, but I still think it gets a pop for a day or swing trade.  Will look to enter above $1.25.

 

Currently holding 2 positions of IMNP($0.5272 +14%) cost basis $0.52 from watch list today.  I got in late because I was a bag holder of NAK and TRCH which I took big losses in today.