Why is tomorrow red Friday? Because I think the blood will flow on several big pump & dumps. The pump & dumps tomorrow are so interesting that I won’t list many other stocks. Here they are, in order of goodness:
EcoBlu Products, Inc. (Public, OTC:ECOB) – The previous BestDamnPennystocks pump, SMCE, had three big up days (although they weren’t as clean as ECOB’s three up days) followed by a day where it gapged up, had a huge run, and then tanked. That red day was followed by four straight red days, at the end of which the stock was 47% below its intraday peak. I think ECOB could have a similar run. Hopefully there will be shares to short. I believe there might be because this thing has gotten great volume and the stock has been around for awhile. I know I will look to short this with size if I can get shares.
American Lithium Minerals Inc (Public, OTC:AMLME) – This stock has not been pumped as blatantly as ECOB, but it is being pumped. The move from $0.52 to $1.29 in three days is due to end. I am actually long 2300 shares of this from late this afternoon and will look to sell after early tomorrow morning; I anticipate it gapping up and running a bit. After that I will look for momentum to fade and then look to short.
Jayhawk Energy Inc (Public, OTC:JYHW) – Tim Sykes is short this from this morning. It is another pump and dump, but choppier and it has had a longer-term pump. I have found that these pumps do not tank as quickly and convincingly as pumps that run straight up.
Cyclacel Pharmaceuticals Inc. (Public, NASDAQ:CYCC) – Two words: “cancer cure.” Every trader who hears that drools and then promptly buys. The move is probably overdone, but I anticipate more gains tomorrow. I saw it hit $3.15 in after-market trading.
Bakers Footwear Group, Inc. (Public, NASDAQ:BKRS) – Good sales and an out-of-this-world earnings forecast propelled this low-float stock today. I anticipate another good move up tomorrow.
Other notables (no charts):
SOMX – Gap filling time?
MTLQQ – Short-biased for obvious reasons. Shares are easy to borrow at IB.