Watch List for 5.8.017

By Madbash

 

ZPAS, SLTKThese two Pumps are in different stages.  ZPAS is due for a big panic, and SLTK just had its first big red day.  I would look to make a bounce play into panic on ZPAS, and I am watching SLTK for further downside before a likely bounce off of the 1.00 area.  Shares are tough to find, but both are ripe for a short.

 

WKHSThis ticker had some good news that has triggered a nice three day run.  I let the buy at the end of day two slip by, and it had a great Friday run up with numerous opportunities.  I would not be surprised to see another good day of volatility, but this has a bad history, and any longs now should be short lived.  Possible short into follow up spikes.

 

KTOSThis earnings winner had a nice run up on Friday.  I was looking to dip buy around 8.50, but lost interest when it had its first dip and I did not get a fill.  This closed strong and could really run if it can break through resistance in the low 9z

 

DAIOThis earnings winner has a low float and is making 5 year highs.  It has low volume, but could offer some good dip buy opportunities.

 

ESSIThis ticker is up on some banking news and could be called a pot stock.  It has had a nice uptrend for 4 days, and had a nice spike on Friday.  I would look to short into resistance in the low threes, although if that resistance breaks we could see a spike up to the 4.50z  This should have a nice pull back early this week, barring more fluff.

 

LXU  Ahhh, my old friend.  This ticker can be good for Swing/Position trades either long or short.  I currently have a long position from 8.49 and it looks like we have found support.  This should bounce back towards 10 this week, but Big short sellers love to hold this one down.  It is prone to squeezes and massive drawdowns so it is easy to be “shook out”

 

I had to PDT my IB account, and I will not be reset until Wednesday.  My Etrade account is mostly tapped out due to the LXU swing.  I will have to be ever patient as I am now restricted on my day trades.   

 

 

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