8/18 Watchlist

 

Main watches:

 

SPEX is a former low float supernova that's spiking again. They have put out a press release saying that somebody got added to their advisory board. Seems like a little bit rediculous for a stock to move 30% on news like that. There is some overhead resistance in the high 1's low 2's, but I can't find any shares to short with SureTrader. Wouldn't be surprised if this stock collapses tomorrow. Company has no money for their businesses, so this is just a bunch of bs news.

 

 

IDXG is the earnings winner with it's analyst upgrade and $5.00 a share price target. It's been running for 3 days, before finally coming down yesterday. Normally, I would want to buy a r/g action on a play like this, and I still would. However, it is a little more risky, given the crappy longer term chart. I would really like to see it go to $2.00 and then reshort it, if I can find any shares. But for now, I would watch the r/g move, and buy that first green day!

 

 

FENG is a biotech earnings winner that's been spiking from the high 2's to the low 4's. It has a lot of overhead resistance in the low 4's, and it is easily shortable. I shorted it yesterday, but Tim scared me out when he alerted his buy at 3.80. It was a nice 30 cents gain from my entry. It did recover in the afternoon, to close near Wednesday's highs. Given the fact that it has come back to it's highs, I would be interested to short it again if it fails the low to mid 4's. It is still an earnings winner, so be careful there!

 

 

NSRPF is the pump looking chart that finally made it's first red day two days ago. Yesterday it managed to morning panic again, but fully recovered and then some. I would like to see this really panic big to the low 3's high 2's in order to dip buy it. I really want to short it, but I can't find any shares. 

 

 

 

 

Other watches: 

 

DGLT is the supernova that's currently halted. When it opens, it could be a potential short as investors are scared, and all they want right now is to get out. Not sure of SureTrader will have any shares, but I will try every day to see if I can find any.

 

 

DCTH is bouncing back up. I think this could be a nice short in the low to mid 0.20's. However, it's so low priced, that I'm not even tempted to short it. I also wouldn't go long, with so many potential bagholders.

 

 

SING BTSC BTCS  BITCF MGTI are the bitcoin plays that I am still watching. All have come down pretty significant off it's highs. BITCF was my potential short on Wednesday, but it couldn't stay red convinsingly. Yesterday it had a nice panic to the lower 1's that I missed because I was too busy with FENG. MGTI is a beautiful breakout over 2.00, that I called in yesterday's watchlist!! All these plays are very clear if you have watched Tim Grittani's DVDs. I'm still watching the Bitcoin sector to see where these stocks will go. For now, I'm just sitting on my hands and watching them. 

 

 

SDLP is another stock that's spiking now. It will announce earnings next week, but has a ton of resistance in the mid 3's. I believe this stock won't do much on earnings, as everything is already being priced in right now. This could become a potential short if it can get closer to the 3.50 level. I am in no rush, and will most likely not trade it, but it doesn't hurt to watch it.