Watch list 12-24-2015

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MEMP - Earnings winner today that spiked 50%!!!! This is HUUUGE!!! The long term chart is a complete wreck, but

       lately i've been seeing stocks with crow like chart patterns spiking if they have VERY strong catalysts. 

       namely earnings! This could break out tomorrow given the strong price action today, but I will be looking

       for dip buys on this as well. Especially if it gets back around the 2.00/share level. Though it may dip

       to 2.60, 2.40. If it breaks out above 2.75 I would use 2.60 as a stop loss, but would likely cut losses

       before it got to this range and cracked through it. 

       * Break out 2.75 RR 3 to 1 (roughly) * Earnings analyst report Float: 81.34M

 

CNIT - Tried to buy 1k shares of this stock today accidentally bought 100 and made a quick 21 dollars instead of

       $210. Not a bad pattern considering it did exactly as I predicted only a little better in yesterday's 

       watch list. I will be looking for a dip buy this close to 2.00 or close to 1.90ish or so as the price 

       action was strong today and it held above the break out level of 1.90 and held support here as well today.

       I would cut losses if it cracked below 1.90 at all after getting an execution as close to this level as 

       possible to minimize risk. 

       * Dip buy 1.95 RR 7 to 1 * News about being in compliance with nasdaq minimum bid price Float: 17.15M

 

BCEI - Another very strong priced earnings winner here. If it breaks out at six I will likely go long with 300 

       shares and aim to make .50-1.00/share. There is longer term support at 6.00, and this level acted as 

       resistance today. Obviously I would need to see a clean break out at this level to get in. Get out 

       immediately if it cracks six support.  

       * Break out 6.05 10 to 1 * Earnings analysis Q3 Float: 45.49M

 

PIP - Pharmathene was awarded 195M dollars and apparently has one a court case. For this reason the company has 

      spiked significantly. There was only .40/share of upside, but this is a huge multi month break out, and I'm

      interested to see how the price action acts after this level. If it can break out at 2.00 then it is 

      possible it could run another .30/share from this point. Today it had .40/share of upside and closed at 

      1.95. It is already up A/H so this could really run. Mental stop loss 2.00 

      * Break out 2.05 RR 6 to 1 * Awarded 195M in court case Float: 48.01M

 

TROX - This company has amazing forward looking statements about their product going up in value by $150/metric

       ton. The company's cash flow will increase and yet they don't have to do anything but keep selling it. 

       The price action was STRONG today. Believe it or not I had 1k shares from 4.29. If it can break out at 

       5.00 then it could possibly run to 5.50 or even 6.00 tomorrow on the holiday trading we are seeing! 

       There is long term support at 5.00 so this is my stop loss.

       * Break out 5.05 RR 10 to 1 * Product value increases in the market Float: 56.29M