Watchlist for Monday

HDUP is the next PennyStockChaser (PSC) pump. PSC has been on fire in the last week or two, pumping AWSL, MEVP, and AVOE. My buddy Tim Sykes has already made some nice (unrealized) profits shorting AWSL on Friday (he alerted to his TimAlerts subscribers that he shorted it when the bid was $4.10 and it closed the day at $3.50). They were paid 550,000 free-trading shares to pump HDUP for one month. While I would never recommend going long a pump at the beginning, I hope that PSC pumps it well and it rises from $0.10 to $1.00 so that I can short it.

hdup

AEMD & BSTK are two low-priced supernovae; I wouldn’t short them unless they go up another 70% each.

aemd

bstk

GBE nice breakout Friday; not much resistance until $3. Might be nice for a continuation play on strength.

gbe

LOCM nice runner at times, nice breakout with only a little resistance from a year ago. Might be nice on green.

locm

Disclosure: No positions in any stocks mentioned in this post. I have a disclosure policy and you can find all my disclaimers there as well; those disclaimers are incorporated by reference into this post.

0 thoughts on “Watchlist for Monday”

  1. I really like LOCM and GBE, both could be nice longs tomorrow as you have pointed out.
    I also like the pump HDUP as a long too, I have never played one of them yet but I might give it a shot under the perfect conditions.

  2. CACH had a nice move Friday, closed strong and right near resistance on low volume. Look for further strength tomorrow.
    MBRX is another one worth watching.
    PWER and VLNC could both run higher, charts are ugly though.
    Truth is you have a great watchlist that’s hard to add anything to.

  3. I just have to put this up for any football fans that might follow.
    GO SAINTS!!!
    I’m not a fanatic by no means but because New Orleans is so close to my house I’ve been a fan all my life. They’re 6 – 0 now, it’s pretty cool.
    I hope you don’t mind a little football on your blog.

    1. preston,

      how did you find cach. could you let me know the scan formula you used. i’m a beginner so forgive me if the scan is easy.

      Thanks
      Denny

  4. denny, I have no scan that found that ticker. I go through 100’s of charts on any given weekend looking for different patterns. I put them in a watchlist after I narrow down what I think are the best ones.

  5. Denny, CACH was a runner Friday and I always save runners for several days for possible shorts or maybe a possible long. I do not trade much but I do track a bunch of tickers for practice reading charts and spotting breakouts or breakdowns.
    I hope this helped.

  6. I really would recommend against buying HDUP … playing pumps long is tough, and PSC has sucked up until last week. Also, it is likely to gap up big, meaning few chances for gains.

  7. Pre so far: BCRX SMLC IGLD SUPG ELRN IO ARNA

    SMLC and IGLD are Israeli companies, IGLD owns most of SMLC, and SMLC just bought Israel’s major telecom company on Sunday … on the negative side, SMLC was up only 23% in Israel and yet is up 45% in pre-market. I won’t play these most likely.

  8. Damn, I didn’t even see your comments before I put out my pre-markets.
    Don’t worry, I do not have the balls to play that, I had a few beers yesterday so my courage level was a lot higher at the moment. 🙂

  9. I had a limit order in to sell 400 IO short at 5.26, I was scared shitless as it touched 5.24. The order never filled, now the price sits at 4.51 or so. I don’t know what the hell has happened to me.

    1. Maybe you don’t have the balls of steel necessary to be successful shorting overextended stocks at their HODs. IMHO shorting as they fade a bit off of the hod is less risky and then you have a easy place to put your mental stop–cover if it breaks the hod. All IMHO of course, I’m never going to short stocks on an up day except for very rarely.

    1. I use 5 cents to 10 cents green, depending on the price. So if it goes red at 5.40 I may have my mental stop around 5.50. Or at resistance if that is nearby.

  10. -80 on PLX short, not a bad trade really, I took my loss at my planned exit. It has run higher since so I’m glad I stuck to my plan.

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