Hello, everyone.

Watchlist is not recommendation to buy, sell, or short-sell any stock but it is just my personal opinion of certain stock so please do your own due diligence.

 

 

STOCKS FROM PREVIOUS WATCHLIST:

• ITEK - Oh, this stock has exhausted me on friday. I have shorted it 3 times late day when it was looking like the breakout above $18.50 will faill but i didn`t put close attention to realize that stock is having float rotation and that they are absorbing everything below $18.50 and that shorting into support is never a good idea with that kind of plays. To bad i have realized that when everything was already over and i have made 3 stupid trades. On all of them i have made a loss and every loss was small because i always cut my loss fast when wrong but even though the losses are small it hurts my confidence and than i was to afraid to re-enter a trade in the last 10 minutes when the crack i was waiting for has finally happened. I belaive this stock will reatrace a lot of it`s gains and it is bigtime potential short. But be very careful when shorting it. Don`t be like me a don`t chase it. Wait for it to bounce/spike and that spike will fail and then enter into a short position (on the top of the range and not on the bottom) because you can put yourself in a very bad position very quickly. Same kind of stock was GENE when Tim Sykes was also trading it several times on short side and everytime lost a small amount and he was doing the exact same thing. Shorting into support, anticipation a crack which has never happened because when you are dealing with low-float stock with huge volume you always have to trade it right the opposite of what other traders are doing. You have to buy it when noone want`s it and you have to short it when everybody wants to buy it. 

 

• ZGNX - Range of this stock is getting tighter and tighter and it will break the triangle pattern soon. Now the question is if it is going to breakout or breakdown. It has already came up high enough but it has been also nicelly consolidating for the last week and formed a support @ $20.00. I was having this stock on my watch for a while now as potential short but i would not be surprised if it is going to have another leg up because of recent consolidation on lower volume and holding support. Also on friday there was some buying pressure before the close so we might see some further spiking tomorrow. In case it will break below $20.00 it will be a nice short for $1.00-$2.00/share but in case it will break above $21.00 with increased volume it might also squeeze higher. I am watching it for trade in both direction either long or short. 

 

• LPCN - Did have a pullback which i have been waiting for but the pullback was made on light volume and on the daily chart it is clearly visible that stock has made a higher low which makes me think that this pullback is just a healthy consolidation. Beside that i have seen that Superman is involved in this stock which makes it even more possible to go higher so i am not short biased about it anymore. Stock has support @ $12.70 so maybe i would look to short it if it breaks below that area, otherwise it might also be a good dip-buy and if i would go long i would set my risk based on that $12.70 area. 

 

• BEAT - Copying --->>I am bringing back to my watch since it hanging near it`s 52week highs. At the moment there is not enough volume so stock is unable to break $12.00. I am watching it for potential positive news which can bring buyers and stock might break $12.00 after 2 unsuccessful attempts in the last 2 years <<--- That said i am interested into this stock as long as it hold`s support a stays above $11.00 If it will crack below $11.00 than it will probably just slowly fade and there is no telling when the break above $12.00 might happen.

 

• IDI - Potential short. Stock has already been exposed by the "pump stopper" and you can read the expose here: http://pumpstopper.com/?p=446 Stock has already crashed and bounced back. At the moment it looks like the bounce is topping out and there is also bigtime resistance @ $10.00. I would be looking to short it if it will crack $9.00 and stay above that. There is several dollars of reward so risk/reward here is very good. 

 

• SLTD - I bought it on friday on a dip because it was holding support @ $4.15 which was also a high from 3 days ago and this was my level of risk. I bought small position and i was willing to add to it in case it will start squeezing towards EOD. Unfortunatelly stock has broken support @ $4.15 and i have cut my loss, no questions ask. I was wrong. I Actually wanted to short it after that but unfortunatelly stock was not shortable @ IB but in case there would be some shares avaliable to short i would be rewarded with quick 30 cents/share profit. 

 

 

NEW STOCKS I AM WATCHING:

• AREN - A new pump&dump which i was thinking of buying it on friday late-day which would probably be a good decision because stock has closed strong but i was to bussy with ITEK. I am getting pump emails for this company from "smart stock winners" & "smart stock choices" & "finnest penny stocks" so we all know how this is going to end. Potential short but not just yet because the pumping has just started and this stock can easily go much higher. I might also still buy it in case it will have some pullback and it will stabilize which could be a trap for all the early shorts to squeeze them out. Watch it. 

 

• VLTC - I am brining back to my watch. I have made a solid trade on it on friday. I saw it cracking below support (which was the morning high) and i was not interested to trade it. But later i saw a reclaim and stock has came back above the morning highs with increased volume. So i saw a reclaim setup (trap for shorts) i saw increased volume, stock can spike fast and it was friday so i go ahead and bought it with set risk @ $7.65 which was the morning high. We got a nice squeeze towards $8.30 and i was selling partial positions so overall i made about 30 cents/share which was nice but i really hoped that it will break above HOD and squeeze towards $9.00. Now i am still watching it for potential buy because if i look at the daily chart it has nicelly bounced from 50 SMA and volume in increasing which makes me think that it can go higher. 

 

• CLFD - Recent earnings winner which was spiking nicelly in the last 2 days. Now it has some resistance around $20.00 and i would like to see a multi-year double-top pattern so the stock will came back down because i would like to buy it on a dip. It also has a lot of short sellers in it so in case the volume will be big enough we might see some more squeezing and the runnup can last for several days. Potential buy on dip. 

 

• AVXL - Congrats to Tim Sykes and everybody who is long. Nice SA article and australian video and i bealive this stock can really spike on monday morning. I would not chase it though but i am definitelly watching it for potential buy on a dip because this company is really small and they are in multi-billion market sector so if they are doing the right thing this stock can run for weeks and months. It might also be a good swing-trade that means that i might buy smaller position and hold it for longer time period. 

 

Everybody have a great sunday and i wish you a great start of new week and remember to stay safe and don`t force trade like i was forcing them on friday because you are only going frustrate yourself make a stupid losses + you are going to loose money for commissions.