I have to get back to the basics on the watchlist. I have not been doing it and i forget over the weekend what was in play the prior trading day. I have found myself to be more short bias as alot of these plays come down faster than they go up. So my trade plans may be different from yours. Whether your long or short. CUT LOSSES QUICKLY!!! If the trade starts to go against your plan. You can always re enter. I would really appreciate any comments if you could on how I can make the watchlist better or if you liked it the way it is. 

 

INPX- Float 1.5M Market Cap 9.5M Cat- Contract win

Terrible long term chart. Has $4.75 long term resistance. Looking to short into pops near $4.75 resistance which is also todays hod. As this is the first day of the run. However it is up over 130%. No shares at etrade however. 

 

MNKD- Float 67M Market Cap 100M Cat-Sell product thru Amazon Prime

Terrible long term chart. Looking to short pops into previous days high near 1.17 area

 

CGI- Float 26M Market Cap 63M Cat- New Mgmt

Bad sushi chart. Looking to short into any spike near 2.40 or 2.50 using mondays highs for risk. 

 

DRRX- Float 137M Market Cap 137M Cat-293M development deal

Terrible chart pattern. Potential short into previous days high triple top of 1.16. Fading volume however. 

 

CERU- Float 13M Market Cap 13M Cat- Announcing awards

Low priced biotech with a bad sushi chart. Not interested since its so low priced and I cannot short stocks under $1 at etrade. I would short this into any spikes using the previous days highs as risk near .60 or so. 

 

KOS- Float 186M Market Cap 2.6B Cat- Found gas off the coast with BP and earnings

Very choppy stock as this is energy related and it has such a huge market cap so not that interested but it was a relatively big gainer today

 

ZPAS- Float N/A Market Cap 142M Cat- Pump

Waiting for the first red day on this pump and dump. Waiting for the first morning panic or first red day. Ideally short the first g/r move with r/g risk. Or wait for the 20-50% morning panic and buy the bounce. Seems the first crack and bounce on these types of plays are the most reliable as some come all the way back to green or close to it. 

 

Thank you for the look. Any comments appreciated. 

 

TickerJesus