STOCKS FROM PREVIOUS WATCH:
- EARS(short) - This one is getting over-extended and i am looking to short it. Today we might get a final push before the crash. I am going to use after-hours highs as guide for the first area of resistance which is around $8.50.
- HTBX(short) - HTBX did have a quick pullback at the market open but overall i was totally wrong about it. I did not trade it yesterday. I am still short biased about it. Next mayor resistance is @ $5.00 so i hope this stock can get to $5.00 so it will have more downside.
- LPTH(unbiased) - Yesterday i was short biased about it but now it seems that it is consolidating so it might go even higher. I still think there is more chance that it will go down than up and also the overall market is really ughly today. That said i would not be to agressive on the short side because it can still easily spike.
NEW STOCKS I AM WATCHING:
- EMAN(long) - Contract winner which was alerted to me from Tim. It does have an ugly longer-term chart so i don`t know if there will be any follow through. I will keep it on watch for possible secondary run.
- CRDC(long) - Is some way this is a contract winner. They have amended/extended their contract until 2018 with 20B company. The longer-term chart is really ugly so there are high odds that stock will not be able to do much. So far it does have some nice volume pre-market and it is already up. Beside that it has a very small market-cap. I will be looking to buy it if there will be enough volume/buyers and i will not see to many block of big sellers which i doubt i won`t.
- AVXL(short) - I think this stock is dead. Potential short into pops. I think it might retest the lows @ $3.00 where it was back in late november.
- COOL, SSN(short) - Both have similar charts and one day spikes. They might have a seconday spike today but in the long run they are both potential shorts into spiking because i think this is just a january effect.
Today there is more stocks on my watch than i would wanted. I am not going to focus on all of them equally. Will decide which will be the top 3 before the market open.
Have a great day and stay safe.
Matic
Posted Jan 07, 16 7:57 AMbysvoboda
Received 2 Karmas
Nice Job with this detailed explanation of your watchlist, very clear to understand. Thx
Cool! Thanks man! :) Made small profit on AERS and COOL.
Meant to say EARS
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