Choppy day today on Wall Street. Markets opened down sharply but rallied into the close ending up ont he day. It did bounce of key support but we will see if there is some more consolidation before the march up continues. Gold also opened the day very strong trading over $1310 but sold off as the markets turned higher and oil sold off.
CETX: I have written about this stock in the past after it made a nice moce up from the $2.00 level, consolidated and then popped again. It is making a coiling or wedge formation and volume has dried up. If it breaks to the upside, I will look to go long with first target of $4.25 and then $5.00. Very low float so can move very quickly.
MGT: Traded this stock for small profits today off of my watch list from last night. It did trade up nicely today but sold off from the highs closing at $3.44 closing above short term resistance. I will look to go long on a trade above $3.70 with a price target of $5.25.
VUZI: Stock continues to do well since I first started writing about it. It has been forming another wedge of the last few days and I would expect it to break to the upside. The are presenting at a conference next week and with shorts 11 days to cover, I would expect this stock to move into the $7.50 range.
EGHT: Trading at all new highs. I bought the stock into the close at $14.21 as it was moving up very strongly. It is a larger float so not as volatile. But, with 5.2 days to cover and trading into all time highs we could see a nice pop on this stock.
EXAS: Stock closed very strong again today. Big float, large volume. But with such a large short position this stock could continue its run. I will watching closely over $11.40.
I watch SPX, SPY, QQQ, IND, IBB, and spot markets for gold and oil. http://www.kitco.com/market/ http://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic
Thanks Bob for the list .. Skeptic here on MGT but others look promising.
Jetson... that's what makes a market. Opposing views. But don't worry, if it fails, I'll go short. It doesn't make any difference to me.
Thanks Bob
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