What a day today! I lost a little money in LINE this morning chasing it at $1.88 and out at $1.85. I figured it was done after it started fading after it failed to really break out above $2. I sold for a small loss and then it started to fade even more and I for sure thought this was done for the day. NOPE! It ran into AH and nearly touched $2.50! I’m really hoping this energy run continues tomorrow. I bought BBEP midday as it was the only energy play that was spiking and actually holding it’s gains. All afternoon it made higher lows and higher highs and closed right near the HOD and then broke out in after hours. I’m hoping that we see a continuation tomorrow and if so, I can see this getting up to $2+. Here’s what else I’ll be watching tomorrow!

 

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BBEP, LINE, LNCO, REXX, GLRI – All these energy plays were absolute monsters today spiking 50%, 70% 100%, 200%!!! I’ll be watching all of these tomorrow however BBEP is what I’ll be watching the closest as I have a pretty decent sized position (for me) as it was holding most of it’s gains all day. All of these are up in after hours which leads me to believe that they will continue into tomorrow. I’m hoping BBEP breaks out past $1.26 which is multi-month resistance and then I can see it closing the gap and getting back up to $2. It’s up to $1.29 in AH with some decent sized buyers coming in. Tomorrow should be a very fun day so make sure you’re coming prepared.

 

BEBE – Prentice Capital reported a 5.55% stake in BEBE today which is the reason for the 57% gain today. In an article I read http://bit.ly/1SvGnfA it shows that even though the stock is down terribly in the past few years, they have zero debt, $53 million in cash and securities and a balance sheet that includes an estimated $30 million in real estate. That put’s the company at $83 million or roughly $1.05/share. Today this closed at $0.74 so still nearly $0.30 of upside, maybe more. I would just keep an eye out on this…I don’t see it spiking 100% like some of these energy plays today, however we can see a nice move tomorrow.

 

 

 

Here’s a few stocks that I’m always watching do to their volatility and ability to spike huge given the right catalyst or PR. Sometime they spike when they start to get near their long term support levels also without any catalyst.

 

VLTC, LIVE, AVXL, HMY, TGD, RJET, AREX, UPL,

 

If you would like to know why these are on my watch list you can either ask, or go back into my watch lists from earlier in the year explaining in detail what I’m looking at and why.