Watchlist for Monday: Remember, every time a stock promoter pumps, a demon gets its horns

NWBO – Have I said how I hate buying OTC stocks? This is a big move Friday but drug news was Wednesday. Hopefully this moves some more and then I’d short on red. For Monday no easy play.

nwbo

SNIC – Nice breakout, I missed it despite watching it Friday. A bit overextended for me to get excited about buying it here. Ideally it consolidates a bit before another move.

snic

LPSN – Nice beakout on earnings … I like this long at $6.

lpsn

WG – Nice move for two days on positive earnings, but is at resistance at $16.50. Potential short or long, depending on price action, but this is not as high a percentage trade as I like. SWKS is similar.

wg

PWOIF – Wow … impressive chart, looks pumped. No clear play here, just watch.

pwoif

IMGG – Continues breaking out, but no clear play considering I hate buying OTC stocks. Volume isn’t too impressive either.

imgg

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 disclosure & disclaimers are incorporated by reference into this post.

0 thoughts on “Watchlist for Monday: Remember, every time a stock promoter pumps, a demon gets its horns”

  1. hard mailers as in printed and sent to your mailbox soft as in digital such as those we get from pennystockchaser/hototc and all other email stuff

    Word document on your PC is a soft copy vs printed word document is hard copy .. ha

  2. LPSN could really take off.
    I have several potential shorts but because most of my picks don’t do much I will save you all the time.

    How bout dem Saints; 8 – 0.
    First time in franchise history.

  3. VVTV @ 3.63 overnight…
    NPWZ based out at $1
    RGTX is up from .30 to 1.50
    BRYN is the next pennystockchaser … i wouldnt trust this at all since RGTX ran up so nicely.
    IMGG – breaking .80 Shorting when it doesnt

  4. Good morning everybody;

    Only play on my end so far today is CROX short.

    My goal for today is to simply make every play correct (making a profit would be nice too…but I really believe that will come)

    Friday I *almost* did every play correctly….except for my second trade of the day…all of a sudden I realized that I was holding it and hoping it would come back after it moved against me. Dumped it right then but for a loss of twice of what it should have been. Getting better still.

    GL to everybody today!

    1. got in at .84… got out around 6:47 mark at .85 after adding 50% at .87…. now cracking .9. got scared, didn’t want to see another stampede exit like TNUS

  5. Hi Reaper,

    It looks like WG broke through the high of 17.01 and kept going up a little more before collapsing. After the breakout, what made it not worthy of a buy from you, insufficient volume?

    1. It was already overextended after two big up days. Earnings runners won’t keep running straight up for more than a 2 or 3 days usually. If this had been the second day I would’ve probably bought.

  6. IMGG not a pure pump like TNUS, so less risk. Still not something I’d buy, but that is me.

    trivto57 :

    got in at .84… got out around 6:47 mark at .85 after adding 50% at .87…. now cracking .9. got scared, didn’t want to see another stampede exit like TNUS

  7. I can say one thing that has gone wrong with my shorting HOD breaks. I have gotten obsessed with catching the very top.
    I had a limit order in for EWBC at 13.17 and I wouldn’t bend a little and bring it down some, that would have been a good trade even if I got in at 13.10 or so. I’m not sure what you would call that, greed or just stubborn but sometimes you have to adjust your methods are you never will trade. There was an easy .60 of downside there, easy trade if I would have followed through.

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