Watch List for 7.2.018
By Madbash
PED 5, CEI 3.4, GBR 2.1 These Low Priced Energy Tickers had a nice run up when PED announced a huge reduction in their debt. CEI is looking like it wants to find support @ .47, and GBR is holding near it’s highs. If PED gaps up and breaks over 3.00 the other two could get some volatility. I will look for volume and bounce plays off of support.
GEMP 8.3 This pharma ticker announced good clinic results and had a massive gap up and some major volume. I would not want to long this because the long term chart is horrible. This could make for a good short as there appears to be a lot of resistance on the intraday chart from Friday.
HMNY 80 This former supernova has been in a major downtrend for eight months since it’s last huge run. This finally found support at .17 then eaked up a penny at a time until a strong b/o @ .22 This is too much of a junker for me to long, and It has far too volatile a history to short. I would plan on a short into resistance @ .45 if I was a gambling man.
CANN 30 I have been shorting the spikes of this low volume OTC weed ticker the past week. I am watching for further crashing to the low 3.00s, but I would welcome a strong day or two to get another position built. The trick is to get a good entry and only add if you get a fade and rebound toward your entry.
GEVO 1.12 This recent Low Float Super Nova has been hammered from the mid 20s to the high 3.90s This should likely have a bounce, but there is tremendous selling pressure. This could get very ugly as this is approaching all-time lows. The ultra-low float makes it way too scary to short.
I have unlimited trades with IB and a small cash account with Etrade. I need to respect my privilege to trade and avoid overtrading. Alexander Elder said it best with this quote. “If you let the market make you feel high or low, you will lose money” With that in mind I will do my best to follow my plans and not let Elation, Fear, or Greed influence my decisions.
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Man, nice watchlist. I said similar things about PED in the watchlist i just posted. Keep it up.
Thanks @Ecord44 ! Marathon, not a sprint!
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