Penny Stock Briefing 9.27.10. MALL REE SWIR NLST ODP MCP REDF INFN
This week will be an all access open house to thelincolnlist.com. Beginning October 3rd 2010 at 12.00am EST you will need to be a paid subscriber to access premium features. To claim your 14 day free trial and view the features, benefits and pricing. Click here. http://thelincolnlist.com/?p=883
Free Chat. http://www.meebo.com/room/lincolnalerts/ Access code: lincolnlist
MALL
This thing reeks of a short play. Just get a whiff of the chart below. MALL has simply gone skywalker since the 4.50’s. I think it struggles here in the 6.50, this was the price in late November of 2009. I don’t see it making it towards $8 that would be a double top extending to October of last year. Looking to short soon on the first sign of weakness.
REE
Such a nice gap fill short set up on Friday. We took a short in chat and made some pocket change. Two things kept this from being a killer short, Friday and a huge bull buying market day. This thing would tank and then bounce and it did this over and over. Fortunately it bounced at the close so we can do this all over again on Monday. Still more downside.
SWIR
This is poking at a strong resistance at 10.35. So far it’s struggled with that area so Monday may provide some answers. If SWIR can get through 10.50 it could be a breakout buy. If it fails I may enter a short. If it fails right off the open Monday pay attention to the 9.85 level.
NLST
We all know and love this turd. This stock has stayed above $3 for two days now. I can’t see it lasting three. It’s headed back to 1.50. I can’t figure out what it’s doing up here anyway. Hopefully it will hold up long enough tomorrow morning for me to get a short position. As it stands now resistance is in the 3.20’s.
ODP
Looks like it wants to breakout to the double top area of $5. I think this will be all it can take and will reverse from that number. It may go flat for a few days before doing anything. Not sure I will play this because the stock seems boring,
Previous watchlist stocks still in play. MCP REDF INFN