Penny Stock Watchlist 7.28.10. Video is of PCBC. Text is ROIAK IFLG IDT DSTI
ROIAK
Yesterday was the day trash floated and ROIAK is not much different than PCBC.Up nice today but down a ton since May. I will always look to short on nice spikes but ROIAK doesn’t look like it’s worthy of one as today it just went to sleep after the first two hours of trading. Like to see it in the 2’s though. Other than that no particular levels just looking to short on weakness AFTER a spike. No chasing this downhill.
IFLG
You can’t go wrong with IFLG. I think most of it’s glory is behind it now as each spike is lower that the last. Only strategy on this is if you can get shares- short on any spike.
IDT
Been a few days but this thing finally shaved it’s price down a bit. This could be the sart of a nice downtrend to the 15’s. I do expect rookies to jump in tomorrow morning thinking their getting a discount on a nice pullback. I will look to short off that providing IDT doesn’t open -$1. Let it be known that this stock has fooled many shorts recently and if it went to 23 dollars I wouldn’t be surprised. Short opportunities a 17.70 and 18.20
Other stocks to watch. DCTH, ARNA, DSTI, MNKD