WHAT IS UP PROFITLY!?!?! It’s been forever since I’ve been able to make a watch list for you guys so I’m super excited. First let me tell you a little of what’s been going on. (If you don't care just scroll down to the watch list). As you guys know I had some pretty good success starting off in high school (Trading and making watch list for you guys). Unfortunately the college life caught up to me and I became way overwhelmed, mostly with school work and track practice. However, things have gotten better and I’m ready to start again. So I will be starting off again on a journey with $1,000 dollars in my account. Would do more, but hey college life:). Before I stopped my Profitly and Twitter followers were starting to go up and people were starting to ask me questions. PLEASE keep asking I love to talk stocks any time. With that in mind let's get into this thing so we can make some money.

 

Penny Stocks

$CPRX-  Damnnnnnn volume. This stock was up 30% today and traded 17.4 million shares...it usually trades 813,000. The float is almost 57 million so it’s pretty big. The catalyst on this thing was an upgrade by PiperJaffray which put the stock as “overweight” and also raised the price target to $4. For tomorrow I wouldn’t touch this thing until it CONVINCINGLY breaks out over $1.57, where it tried to break out several times but never could except for a brief second. If it breaks here it should easily go to $1.75 then I will rely on price action and momentum to see where it could go. As for shorting it I wouldn’t, even if it gets knocked down at $1.57

 

VNR- Good opportunity here IMO if it plays out the right way. This thing got knocked down HEAVY a couple of days ago because of a downgrade on the stock to “sell”. It morning spiked from .52 to .64 fairly quickly. Then fell pretty hard to .56 before recovering then double topping a little, BUT it held nicely. For tomorrow I would like to see this bounce off the .61 area. If it can do that without breaking I think the momentum could really pick up and the .64 area will be broke. If that area breaks this thing may run all the way back into the .80 area. However, say the .64 area tops again then breaks at .61 I would short this thing. I believe it will go back down into the low .50 maybe lower. So there is great opportunity here on both sides.

 

GBSN- Just wanted to touch on this real quick. STOP trying to guess where the bottom is and trying to play the bounce. Wait for a play to set itself up. Don’t get me wrong playing a bounce is very effective, but unless you know exactly what you’re doing you will probably get burnt. Move on.

 

RGSE- Chart setting up here and it’s looking good. This may gap up pre-market so be careful how you play that gap. For tomorrow id like to see this hold the $2.60 area (I know this isn’t a huge support chart on the chart but it just makes it much more appealing). Another thing that makes this appealing is the float. It’s around 578,000! If you know anything about floats and what kind of market we’re in that should of got your attention. If it holds the $2.60 area it will probably pick up momentum. That combined with the chart pattern and the float should make it go to $3.50, although it will see some resistance at $3. This is definitely one of my main watches tomorrow.

 

Sub Pennies

$NGBL- Rough day today as it fell 37%. Of course most MJ stocks did after the nice run up they were all having. I really like this stock for a swing position. For tomorrow I would like to see it hold .0009, but it would be even better if it could hold .001. I sent a tweet saying I was looking for a sub penny MJ stock to swing during the election hype and this may be one of the best. I wouldn’t take out a position in the morning because the MJ stocks need to find some ground. This one has had two BIG red days. If the stock starts to hold there I’ll look to double my money...maybe more.

 

$ERBB-Same story basically as $NGBL. This was down today and is currently setting at .001. Unlike $NGBL I want this to hold there and NOT break through. Like $NGBL I wouldn’t touch it until the sector gains some ground. The goal here would be .0016.

 

*I’m still looking for more weed plays like this because the election draws attention to the sector and creates hype. Just be carefull with these because the can drop fast too.

 

Hopefully we can nail the watch list like always tomorrow and everyone makes some money. Any question please ask.

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