An “Unusually Uncertain” Penny Stock Watchlist for 7.21.10
Video is of VVUS. Text is of CRUS ARNA HAUP YONG
CRUS
Followed the watchlist perfectly. Set a bottom in the first hour retested it 20 minutes later and ramped up all the way until Bernanke freaked people out and the market got flushed. I still think this stock is bullish and if you can find a 30 minute to one hour bullish reversal that would make a good long entry. Providing CRUS stays above $18. Breakout potential is in the 19.30’s
ARNA
As I mentioned in the trade recap this I’m losing patience. Good play but there are others out there that are better. I shorted at 5.14 after a 5.20 failed spike. Read about it here http://thelincolnlist.com/?p=499.
I was looking for a break of 5 flat but no go so I closed out. I will watch the first 30 minutes of action and then update support and resistance levels in the “Trending Now” section.
HAUP
HAUP has technology for AAPL, HAUP has technology for AAPL, HAUP has technology for AAPL. I hear this too much and I can’t stand it. This recycled news always spikes this stock but HAUP never holds. I have gone round and round a few times short with this thing but you are lucky to get 10.c. Would love to see another spike that way it will be worthwhile. Only watching for now
YONG
Up a $1.80 this month and is in a position to crack $8. The chart is messy on this and the intra day direction can be misleading. If it can make a solid push towards $8 tomorrow I might take a shot. More like a scalp.