Stock Watchlist 10.27.10 “Low Floaters”
SHZ LLNW LNG ALVR DCTH URZ TORM F BORN MCP REE
This has definitely been the moth of low floater mania. Stocks like LIVE RITT CDTID and TORM have flown off the handle and mounted some impressive gains, especially CDTID. As most know by now CDTID was halted in late day trading Tuesday because the stock was up from $5 to $40 in a week. That’s not uncommon….lol. I’m curious to see where it opens up. I got a feeling a lot of Bulls will not be sleeping tonight
TORM
Another low float pumper. I won’t mention any names but it’s from the same source as the recent RITT pump. I expect similar results to RITT. TORM was up from $6 to as high as $11 before closing around $9. I’m looking a buying in and out on Wednesday. As CDTD will teach many, watch low floaters. do not play these with large size positions. They often move around 1 to 2 bucks at a time and can be halted in a flash.
URZ
Monster breakout above $2 but I completely missed it. A little Uranium rally has these junior plays bouncing a bit. URZ closed right at a 52 week high. I want to be long this tomorrow if it stays above $2.30 as I expect perma bulls to get sucked in a little more. Then i will look to flip my position short on Thursday/Friday
DCTH
I realy like this daily chart. technically this is ready to breakout on a push towards $9 and then above $9 it could skyrocket. One thing to note is I hate buying DCTH. The company is crap and the stock has been butchered to pieces. However on a little momentum those fools from Wedbush may throw another $21 price target on it.
ALVR
Breakout on a month long base at $2.36 that was also The July highs. I will look to play this one just as URZ except I see this one pulling back sooner as most of it’s news is fluff
LNG
As you know from chat I had this pegged as a buy on a break on 3.07. When it immediately shot to 3.30 I sad forget it. How wrong I was. What a monster. It’s known for multi day runs so we will see what the action says Wednesday
F
Bought a little of this at 14.42 at the close. I know it’s not a micro cap but I liked the record earnings and the double top breakout today. Only looking to close into strength Wednesday or Thursday. If nothing is happening I’ll just close out.Looking for $15
LLNW
Still like this as a long but it has to brake and hold above $7
SHZ
I thought the short was over. Maybe not as we got a late day rally. Short on spikes.
Others on previous watch
MCP REE BORN