Watchlist for March 8th

MCGI – ALFSS. IB still does not recognize this symbol and I am worried that there will be no shares to short of this when it tanks. As of last Friday, IB, Penson, Sogotrade, and Goldman Sachs all lacked shares to short of this ideal pump.

mcgi

ZANE – Nice supernova on fluffy news. I am short over the weekend and will look to cover Monday morning. I bet it has more downside. It could also be a nice buy if it starts to perk up off of consolidation (as it did Friday before its huge mid-day spike).

zane

GLRP – A ZANE imitator. Potential long under the same circumstances as I would buy ZANE.

glrp

STTN – I am long this pumpish chart but will likely sell very soon. Nate of Investorslive mentioned it in the InvestorsUnderground chat several times on Friday and he said it best on his watchlist:

“let’s see Monday if it starts to pick up speed, Friday seemed to have a lot of volume coming in so a move should be near – if not… will be taking it off but wouldn’t be surprised to see a pop .60+ once they let it go” .

sttn

SCOK – Looking to short on green/red and gradually fading price action. This is jumpy and will have to be traded with a wide stop.

scok

Disclosure: Long 8,000 shares of STTN and short 3,000 ZANE. No positions in any other stock mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

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