Watchlist 11/19/2015

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Vuzi - Earnings winner I was watching today. A great chart to trade. It has a lot of support 

       at and near the 5.70 range, but has been holding a big above this on each dip. If this 

       holds support in this range or even at 6.00/share it will be a possible dip buy for me. 

       From 5.70 the downside is .05-.10 worst case scenario with a maximum upside potential of

       .60/share. This range would be a risk reward ratio of 6 to 1. Great odds! From the 6.00 

       range there is a maximum potential of .30/share to aim for with a risk reward of 3 to 1.

 

BOOT - Earnings winner with pretty strong price action today. The only negative here is that it

       is still red on the day. It was given a downgrade by an analyst, not really that big of

       a deal because it still provided solid dip buys virtually all day long. Hopefully it

       continue with strong price action and solid dip buying patterns tomorrow as well. If it

       has a bit of a moring panic like it did this morning down to 9.70 and holds support this

       will be a very strong dip buy depending on news and volume of course. I would expect 

       probably .30/share upside with this making it at 3 to 1 risk reward ratio. 

 

MITK - This stock was hot on earnings today. Almost a dollar gain on the price action, and like

       BOOT this provided a TON of opportunities for dip buying through out the day. If this 

       dips down to 5.10, 5.00, 4.90 or even 4.70 and holds solid support on the bid with good

       volume I will likely try to force myself to buy the dip as there is support at each of 

       these key levels. The lower it gets the better because risk reward for the up side will

       increase with each key level it reaches on the lower side. 

 

KBIO - I have to watch this stock. I am likely not trading it, but I firmly believe there is 

       a very valuable lesson to be learned here. Especially when it comes to holding stocks

       short over night. It is a hot stock and everyone is watching it, and so I will too. 

       The volatility is massive and the price action is scary. I will not long or short this. 

       

 

RKDA - Earnings winner that has taken about a week to really run. There is daily support at 

       3.80 but i'm much more interested in multi day support or even multi month support. This

       stock has TONS of support in the 2.80 range so if it dips here I will likely buy it as 

       the downside is .10/share worst case scenario. I would aim for .40/share upside max 

       making this a 4 to 1 risk reward. If it managed to hold at 3.25-3.50 this also would not

       be a bad spot to look for a dip buy. with a maximum of .40/share as well. 

 

 

SIEN - Earnings winner here up 20% on the day with multi day support at 3.00 and 3.20. If it 

       hits these levels in a morning panic, with support, then it will be a really strong dip

       buy opportunity. If it breaks these support level you automatically protect and cut 

       losses because the next range of support is .20/share down which is not too bad, but 

       you don't have to wait for it to hit these levels to cut losses you can do it at .05-

       .10 lower. The dip buy at 3.20 is much better risk reward for a 6 to 1 risk reward ratio

       playing conservatively.

 

RCPI - This is an earnings winner that has been running for about a week with most of its 

       volatility in the past few days. It has held it's gains very well. There is a ton of

       support just under the 1.00 range so if it holds near here with a down side of .05/share

       it has great odds for a dip buy. Aim for .20/share. The price is very ideal for people

       with small accounts. Though this will not be my number one watch because of volatility.

 

EROS - I took this stock off of my watch list assuming it would get no action due to a law suit

       the company is dealing with right now. I will run this by Michael Goode in the morning

       and see what his thoughts are as he is a guru on news like this! That said I could not 

       have been more wrong. This is still an earnings winner! It ran from multi day support at

       8.00 all the way up to 11.00 at one point. This is the kind of volatility Tim teaches us

       to look for. It has a ton of mutli day support at 9.00. If it sets up and holds in this

       range the downside will be .10/share and I would probably look to take profits around

       .50/share upside. This will be high on the watch list tomorrow for me!

 

PACB - They released earnings about a month ago and it has massive multi month support at 8.50.

       The next support level below this is roughly .10-.15/share lower. I would shoot for .50

       to a dollar share of profits 5 to 1 conservatively and 10 to 1 aggressively.