12-29-2015 Watch list

---------------------

 

FXCM - I will be watching this stock tomorrow, and I think it is over extended. It did finish mid range though so

       obviously no play here. If it can break out on strong volume over 16.00 I will watch the break out and see

       how the chart reacts to it. If it is strong, fast and convincing then it is a possible long position to 

       hold for .50/share or so.

       * Break out 16.05 RR 10 to 1 * director bought 21K shares/$130M Buyback program  Float: 5.03M

 

PSDV - Speculative bio tech stock that ran on good news yesterday and today. If it can break out over 5.00 it 

       would be yearly break out. Thought it failed to hold above this range two days ago on the big break out. 

       This could be a bad sign for longs, but there may be potential for another spike. Look to get in on clear

       break out over 5.00/share and aim for .30-.40/share of profits. Exit trade if it can not hold above the

       break out level. 

       * Break out 5.10 RR 3 to 1 * Good drug news concerning approval attempt Float: 24.86M

 

VKTX - Huge short squeeze took place today, and this float is tiny! I will be looking for the stock to go green

       on the day in the morning, and try to get in on a morning spike possibly. It is a sketchy long term chart

       though and no news, so this is incredibly speculative, and I would expect this to fail once the squeeze is

       over. Cut losses immediately if the stock fails to hold green on the day/continue to break out past this

       point. 

       * Break out 4.40 RR 8 to 1 * No news, volatile chart play Float: 2.53M

 

REXI - Billionaire play that has held above its break out over yesterday's highs very well. If it can 

       convincingly break out over 5.30 tomorrow and keep running, then it will be a possible long for me. Long 

       term support/resistance is at 5.50 though so not much potential upside unless it can break past this level 

       also. I will gladly take .20/share of profits though if a break out at this level occurs. I like a dip buy

       from five a little better than the break out however as the risk reward is better in my humble opinion. 

       Exit position if it cracks below 5.00/share at any given point. The upside would be roughly .30/share 

       * Dip buy 5.00 RR 6 to 1 * * Break out 5.30 RR 4 to 1 * Billionaire play  Float: 12.85M

 

TXMD - I will be looking for a dip down to about the 10.70ish range and wait for it to hold support and try to

       get in on a dip buy around here as it was the break out level yesterday and it held support there today 

       as well. Potential .30/share of upside or more if it breaks out, but I would take profits off the table 

       if it got to 11.00

       * Dip buy 10.75 RR 6 to 1 * Multi year break out Float: 134.14M 

 

 

 

BLDP - Finished very strong on the day! Pulled back only slightly to then up trend again A/H back to the high

       of the day. Extremely speculative play here as it has already ran up a lot over the past week and there

       is no news. Might make for a better short into resistance given this current price action and this one

       day of much higher volatility than the last 4 or so. If it has a solid and clean break out over 1.60 then 

       I would possibly go long with a stop at 1.55 which is where it close today. Potential up side of .15/share

       with only .05/share of down side. If it fails to break out at 1.60 then it could be a potential short once

       it cracks below 1.55ish or so with the 1.60 level being the stop. 

       * Break out 1.60 RR 3 to 1 * * Short after failed break out 1.55 RR 4 to 1 * No news Float: 153.44M