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 - I am still watching it for potential short because it still has a lot to came down. That said i was not tempted to short it yesterday. I rather watched the price-action and how it will react at support levels. I think stock was still surprisingly strong and area around $16.50 plays important role. As long as it will stay above that area and will have just a minor cracks below and than reclaim i think it might still squeeze higher and that this is just a consolidation and trap for early shorts. Because of that i would be scared to short it aggressively. I would like to see another red-day and that it will stay below $16.50 than i would look to short it into spikes with $16.50 as guide for my risk. In case stock will stay above $16.50 and will start to have a gradual uptrend i might also buy it because it can have another leg up and a break above $20.00. Don`t forget that analyst has raised a target for this stock up to $40 a share. 

 

• ZGNX - Yesterday it has broken $20.00 which was support but there was not much volume which means there was no real selling going on. In the other half of the day stock was strong and it almost came back to $20.00. I would much rather see that it would close the day near it`s lows which would confirm that stock is weak and that it will continue it`s downward move. I am still watching it for potential short and it need`s to stay below $20 x $20.10 so i will have more confidence for shorting it. 

 

• 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 <<--- Yesterday it did crack $11.00 but not for long and stock went back above and that`s why i am still having it on my watch. 

 

• 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      --->> This is what i said yesterday and stock did crack $9.00 but i didn`t touch it because of the ridiculous spred which was 30 cents on average and i hate this. I am still watching it for potential short and ideally i would like to see some more volume/selling pressure.

 

• CLFD - Recent earnings winner and i said in my yesterday watchlist that i would like to see a "double-top" around $20.00 and that i would like to buy it on a dip for better risk/reward since it can still go higher like it did go in the past and beside that there is a lot of short sellers in the stock. Well exactly that has happened and if you had bought it @ $18.40 you could have made almost $1.00/share in less than 2 hours. Unfortunatelly i missed it because didn`t manage to came from work in time. Now i would not chase it because it is mid-range and risk/reward it totally diferent. I still might buy it in case it will break above $20.00 with enough volume.

 

• VLTC, SLTD - Both of them are former runners and are bouncing off their recent lows. They both have increased volume and are trading above 50 SMA so the senitment on both of them is bullish. I am watching them for potential buy but first i would like to see some more continuation and strenght before i will jump in. 

 

• AREN - Pump&dump which i have bought yesterday before the close. I bought it because it had a strong price-action whole day and it is early in the pump so i bealive promoters will bring it higher. I bought small position and i would love to sell it above $0.40 for nice 10%+ gain. I don`t know if it will reach my target-price but i am only risking about 2 cents/share and i have bought small position. Yesterday it also had a morning shakeout but the stock has stabilized and went higher and exactly this i have also mentioned in my yesterday watchlist and i like that this has happened because i am thinking that some early shorts were trapped in that move and in case stock will stay strong those shorts will be forced to cover and the buying pressure will be bigger. In the long run this stock will be nice short but i hope not this week. 

 

• AVXL - Very nice over-weekend trade but saddly i have missed it. I am still watching it for potential buy but only on a big dip. I would not chase it that high now. 

 

 

Yesterday i didn`t find any new stock worth mentioning or i don`t have exact opinion about them so i cannot comment. 

 

Wish everyone a great day and stay safe!