Watchlist for Monday

Please note that I will be in a seminar with Tim Sykes all day Monday so I will likely not comment as much as usual here. My two stocks on watch are both small oil E&P companies, so keep in mind the price of oil if you trade them.

USEG – Up 65% Friday on big volume. It closed near its high of the day so I think it has farther to run. They are a small E&P company that just had some good news Friday.


ROYL – Had good news on Thursday, ran big, then just ran up a little Friday, hanging around $3.60 most of the day. This could be a decent short on proper fading price action to red.


NXTH – Beautiful pump and dump. If any chart ever looks manipulated, this one does. Likely no shares to short when it fails, but would be nice to short on red.


Disclosure: No positions. I have a disclosure policy.

0 thoughts on “Watchlist for Monday”

  1. Vegas has been fun so far, met up with about 10 people last night at Dick’s. Too bad I missed a few people and too bad you couldn’t come, Preston.

    PS- ALFFS = Always Look For Shares to Short.

  2. I’m very glad you’ve had a good time, I too wish I could have come. Next time I will be there buddy.
    Who won the arm wrestling match?
    I am looking forward to tomorrow.

  3. RNN pre-market leader with news, chart is messy though and it’s hard to spot a buy point.
    AEZS is same way.
    CRIC pre-market leader IPO, hard to find a buy point.

  4. Michael, I hate to ask you to do this, but I can’t see my webinar, all I get is a fuzzy screen. I am entering the password and the site is coming up but it’s not showing, or no sound or chat either.
    During a break would you mind mentioning it to someone, I will not worry much but I wanted to see some of what he does live.
    Thanks very much, if you can’t or don’t want to I understand.

  5. Awesome Michael, it’s not on yet but I will keep trying.
    I bet being there is awesome, I will regret this for a long time to come. 🙁
    EXXI breaking out, but the news on earning doesn’t seen that great, potential short.

    1. Don’t they have some way for you to contact them if there are problems, too? Joel & Adarsh aren’t around, maybe they would be the ones to fix that.

  6. I sent Joel an e-mail, maybe he will get it. I don’t know how often he is checking that.
    Thanks for everything, maybe we will get it worked out before the EOD.

  7. +177.00 on EXXI, not a bad trade. After the initial spike the volume started to fade as the stock continued upward on a intraday chart, looked like a good time to short.

    1. mental stop at 28.50 … very loose, but that is intra-day support. Hopefully it can do another couple dollars/share tomorrow. $26 was a huge breakout and was a better play than what I’m doing.

  8. Plus I have to hold overnight because my daytrades are gone, I will not risk it. I do think it’s a good trade though.

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